India’s Economic Concentration
I attended a recent Investment in China and India Summit hosted by Financial Research Associates I will use this forum to share some of the slide/insights that were given at this summit for the benefit of those hoping/thinking/planning on investing in an Asian country – China, India or Japan.
Here is where India’s economy is most concentrated
Focus still around major cities
66% of population earns its livelihood through agriculture making up only 23% of the GDP
"Unofficial" economy could be up to 10%
Weak personal fiscal governance (only 80,000 tax payees’ with over $21,750 in salary)
Currency reserves at $155 billion ($48.2 billion in 2000)
Source: Probitas


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