| 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 |
