Why This Old World Great Is Now Dead Center Of My Radar
My husband Lief Simon’s first investment in property overseas was on the coast of Spain. In...
Read more
India Facts And Figures
Facts About India
| Information Type | India Data |
|---|---|
| Population | 1.387 billion (June 2020 est.) |
| Gross Domestic Product (GDP) | US$3.202 trillion (2020 est.) |
| GDP Per Capita | US$2,900 (2020 est.) |
| Inflation Rate | 5.84% (2020 est.) |
| Currency | Indian rupees (INR) |
| Exchange Rate | 75.58 Indian rupees (INR) per 1 US dollar (June 2020) |
| Language | Hindi 41%, Bengali 8.1%, Telugu 7.2%, Marathi 7%, Tamil 5.9%, Urdu 5%, Gujarati 4.5%, Kannada 3.7%, Malayalam 3.2%, Oriya 3.2%, Punjabi 2.8%, Assamese 1.3%, Maithili 1.2%, other 5.9% |
| Capital | New Delhi |
| Population of Capital City | 30,291,000 (2020) |
| Time Zone | UTC +5:30 |
| Seasons | varies from tropical monsoon in south to temperate in north |
| International Dialing Code | 91 |
| Electricity | 230V, 50 Hz |
| System of Government | federal parliamentary republic |
| Name and Party Affiliation of Current Leader | President Ram Nath Kovind (Since July 2017) |
| Income Tax Rate for Residents | Normally taxed on worldwide income, rates are progressive up to 30% plus the applicable cess. |
| Property Tax | No |
| Capital Gains Tax | 10%-20%; depends on wheter he gains are long term or short term. |
| Inheritance Tax | No |
| Rental Income Tax | 20% |
| Transfer Tax | Yes, to financial instruments and transactions with rates varying significantly by state |
| Sales Tax | 12.50% |
| Restrictions on Foreign Ownership of Property | Will be permitted by Reserve Bank, on application, to acquire immovable property in India if the property to be purchased is for residential use only. |
| Local Chamber of Commerce | http://www.indianchamber.org/ |
| American Chamber of Commerce | http://www.amchamindia.com/ |
| Primary Exports | petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel |
| Residency and Visa Requirements | All foreign nationals who wish to come to India must have their own country’s valid passport and an Indian visa. |
| Special Benefits for Foreign Residents or Retirees | No |
| National Airline | http://www.airindia.in |
More Resources From India
Popular Articles
Why This Old World Great Is Now Dead Center Of My Radar
My husband Lief Simon’s first investment in property overseas was on the coast of Spain. In 2000, Lief purchased a...
Read moreWhy This Old World Great Is Now Dead Center Of My Radar
My husband Lief Simon’s first investment in property overseas was on the coast of Spain. In 2000, Lief purchased a...
Read moreIndia Articles
8 Halloween Traditions From Around The World
For North Americans, Halloween is all about jack-o-lanterns, spooky or comical costumes, trick-or-treating, and excessive candy consumption. In other parts of the world, the period around Halloween Day is filled with celebrations and activities with one thing in common—honoring the undead. Regardless where you find yourself this time of year, chances are reminders of death and the dead are all around… 1. Samhain: Derry, Northern Ireland Credit: AdobeStock/Henryk Sadura The roots of Halloween spring from Celtic tradition: Samhain is a...
Read more
Download your FREE report on
The Best Places To Retire In 2023
FREE:
Find Your Paradise Overseas