Interesting Indian Economy and Industries numbers

Indian Economic facts:
  •  No. of Credit card issued in the country : 18 million (as of March 2012).
  • India has the world's third largest Internet users with over 100 million users (of whom 40 million use the internet via mobile phones) as of December 2010.
  • India has over 700 million mobile phone connections.
  • only 50,000 of the 600,000 villages have bank branches.
  • Since the year of 1969 till the year of 2010, the average inflation rate in India was 7.99 percent.
  • The emerging markets like India will grow at 5.9 percent in this fiscal year 2011. The developed markets are growing at the rate of 1.6 percent.
  • Currently, in India only two million people (0.2 % of the total population of 1 billion) are covered under Mediclaim, whereas in developed nations like USA about 75 % of the total population are covered under some insurance scheme.
  • Weddings accounted for 50 percent of the Indian jewelry market
  • India accounts for only half a percent of the global luxury market at $846 million. Greater China, on the other hand, accounts for 10 per cent of the global market at $17 billion.
*Data collected from secondary sources.

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