India Economy

Working abroad sounds like an adventure to many people. However, India job search requires more than just the obvious India cover letter and India CV writing and translation, it requires thorough preparation. You will experience problems that probably did not even come to your mind when you decided to find jobs in India.

Do not take too lightly the influence an employment in India can have on the effect of your adventure! For instance, you will experience the different immigration rules and practices, strange job application procedures, unfamiliar job candidate selection criteria and out of the ordinary management culture.

Most visits to India are trouble-free but you should be aware of the risk of indiscriminate terrorist attacks, which could be against Western interests and civilian targets, including places frequented by foreigners like restaurants, hotels, clubs and shopping areas. In recent years, the Indian authorities have carried out a number of investigations and operations against terrorist networks.
You should exercise a high level of security awareness and monitor local news broadcasts and consular messages. Ensure that your travel documents and visas are current and valid and secured in a safe place. Carry a photocopy of your travel documents in lieu of the originals. Maintain a low profile, vary times and routes of travel, and exercise caution while driving. Making local contacts quickly and seeking support from other expatriates will greatly increase your comfort and safety.

India economy - overview: India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force. About three-fifths of the work force is in agriculture.

India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms.

High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to courruption scandals that have slowed legislative work.

India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration. The huge and growing population is the fundamental social, economic, and environmental problem.

Labor force - by occupation: agriculture: 60%, industry: 12%, services: 28% (2003)

Unemployment rate: 9.8% (2011 est.), 6.8% (2008 est.), 8.8% (2002)

Natural resources: coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land

Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software

IndiaCurrencyCurrency: Indian Rupee (INR; symbol Rs) = 100 paise. Notes are in denominations of Rs1,000, 500, 100, 50, 20 and 10. Coins are in denominations of Rs5, 2 and 1, and 50, 25, 20, 10 and 5 paise.

Credit/Debit Cards and ATMs: An increasing number of cards are accepted including American Express, Diners Club, MasterCard and Visa

Traveler is Cheques: These are widely accepted and may be changed at banks and larger hotels. The most widely accepted currencies include US Dollars and Pounds Sterling. Some banks may refuse to change certain brands of traveler’s cheques, which others exchange quite happily.

Exchange rates: Indian rupees (INR) per US dollar - 44.64 (2011 est.), 45.726 (2010 est.), 48.405 (2009), 43.319 (2008), 41.487 (2007), 45.3 (2006), 44.101 (2005), 45.317 (2004), 46.583 (2003), 48.61 (2002), 47.19 (2001), 44.94 (2000), 43.06 (1999), 41.26 (1998)

Inflation rate (consumer prices): 6.8% (2011 est.), 7.8% (2008 est.)

Other India Economy Info

To be successful in your India job search and getting jobs you want, you need prepare India cover letter and India CV which you must email them instantly to the prospective employers selected during job search in India.

When you receive an invitation to the India job interview, you may apply for the India visa and India work permit. Then prepare yourself for India job interview and take a look at India dress code because how you dress is the one of the most important attribute in being hired.

Check the job interview do & don't and other job search skills pages. Find out why people are not hired for available jobs.

In addition, on the international info, job search, visa, work permit, cover letter, CV & resume, job interview and dress code pages you will find many useful tips for overseas job seekers.

Good luck with the India economy info!