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    India Facts And Figures

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        Kathleen

        Reviewed By Kathleen Peddicord

        Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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          Table Of Contents

           
          Information Type India Data
          Population 1.450 billion (July 2024 est.)
          Gross Domestic Product (GDP) US$3.937 trillion (2024 est.)
          GDP Per Capita US$2,731 (2024 est.)
          Inflation Rate 5.08% (provisional, June 2024)
          Currency Indian rupees (INR)
          Exchange Rate 83 Indian rupees (INR) per 1 US dollar (July 2024)
          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 33,807,000 (2024)
          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 Droupadi Murmu (Since July 2022) and Bharatiya Janata Party (BJP).
          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 16%
          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 Indian Chamber Of Commerce
          American Chamber of Commerce Amcham India
          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 Air India
          Kathleen

          Reviewed By Kathleen Peddicord

          Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

          Start Your New Overseas Life Today

          A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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            Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

            Portugal is known for Fado music and also for being the largest cork producer in the world.

            Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

            Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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