In 2009, India's nominal GDP stood at US$1.243 trillion, which makes it the twelfth-largest economy in the world If PPP is taken into account, India's economy is the fourth largest in the world at US$3.561 trillion,  corresponding to a per capita income of US$3,100.  The country ranks 139th in nominal GDP per capita and 128th in GDP per capita at PPP. With an average annual GDP growth rate of 5.8% for the past two decades, the economy is among the fastest growing in the world.

India has the world's second largest labour force, with 516.3 million people. In terms of output, the agricultural sector accounts for 28% of GDP; the service and industrial sectors make up 54% and 18% respectively. Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry; fish. Major industries include textiles, chemicals, food processing, steel, transport equipment, cement, mining, petroleum, machinery, software. India's trade has reached a relatively moderate share of 24% of GDP in 2006, up from 6% in 1985. In 2008, India's share of world trade was about 1.68%. Major exports include petroleum products, textile goods, gems and jewelry, software, engineering goods, chemicals, and leather manufactures. Major imports include crude oil, machinery, gems, fertilizer, chemicals. (Source:Wikipedia)