Expat Lifestyle In India
"Kathleen, my compliments for an interesting publication! "I am an expat, currently in Odessa, Ukraine (lovely...
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
Visiting Goa, India
1950's Beach Fun Intrepid Correspondent Paul Terhorst sends his final dispatch from India (because he's moved on now to Cambodia),...
Read more
Shopping India’s Megamall
New, Bigger, Modern, Fun—Life In Fort Cochin, India Vicki and I are in Fort Cochin, Kerala, in south India. Last...
Read moreIndia Articles
A Taste of the World’s Best Spice Markets
“He who controls the spice, controls the universe.” – Frank Herbert, Dune Like a lot of things in modern life, it’s easy to take herbs and spices for granted. But there was a time when wars raged over the humble powders found in our spice racks and kitchen cupboards. Spices have been important to mankind almost from the start. Early man used spices and leaves as a way of preserving meat. The strong taste of spices were used to cover...
Read more
