India Country profile


April 2019

2019India is currently the world’s 7th largest economy and since 2015 has surpassed China to become the world’s fastest growing major economy. India is the second most populated country (behind China) with over 1.3 billion people—though it is expected to overtake China by 2023. Growth, creditworthiness and business climate are above the emerging and developing Asian average. But per capita income lags most regional peers.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country’s ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.