India Facts And Figures

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Facts About India

Population	1,251,695,584 (July 2015 est.)
Gross Domestic Product (GDP)	$7.965 trillion (2015 est.)
GDP Per Capita	$6,200 (2015 est.)
Inflation Rate	12% (2010 est.)
Currency	Indian rupees (INR)
Exchange Rate	67.92 Indian rupees (INR) per 1 US dollar (June 2016)
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	25,703,000 (2015)
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 Pranab Mukherjee (Since July 2012)
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