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India Facts And Figures

Facts About India

Information TypeIndia Data
Population1,251,695,584 (July 2015 est.)
Gross Domestic  Product (GDP)$7.965 trillion (2015 est.)
GDP Per Capita$6,200 (2015 est.)
Inflation Rate12% (2010 est.)
CurrencyIndian rupees (INR)
Exchange Rate67.92 Indian rupees (INR) per 1 US dollar  (June 2016)
LanguageHindi 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%
CapitalNew Delhi
Population of Capital City25,703,000 (2015)
Time ZoneUTC +5:30
Seasonsvaries from tropical monsoon in south to temperate in north
International Dialing Code91
Electricity230V, 50 Hz
System of Governmentfederal parliamentary republic
Name and Party Affiliation of Current LeaderPresident Pranab Mukherjee (Since July 2012)
Income Tax Rate for ResidentsNormally taxed on worldwide income, rates are progressive up to 30% plus the applicable cess.
Property TaxNo
Capital Gains Tax10%-20%; depends on wheter he gains are long term or short term.
Inheritance TaxNo
Rental Income Tax20%
Transfer TaxYes, to financial instruments and transactions with rates varying significantly by state
Sales Tax12.50%
Restrictions on Foreign Ownership of PropertyWill 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 Commercehttp://www.indianchamber.org/
American Chamber of Commercehttp://www.amchamindia.com/
Primary Exportspetroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel
Residency and Visa RequirementsAll 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 Retireesno
National Airlinehttp://www.airindia.in

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