Central & SE Asia / Australasia
Country profile: India
|Location:||Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan|
|Climate:||varies from tropical monsoon in south to temperate in north|
|Terrain:||upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges, deserts in west, Himalayas in north|
|Size:||3287590 sq. km total (Land area: 2973190 sq. km Water area: 314400 sq.km)|
|Population:||1,147,995,898 (July 2008 est.)|
|Languages:||English enjoys associate status but is the most important language for national, political, and commercial communication; Hindi is the national language and primary tongue of 30% of the people and there are 21 other official languages.|
|Capital city:||New Delhi|
|Legal system:||based on English common law; judicial review of legislative acts; accepts compulsory ICJ jurisdiction with reservations; separate personal law codes apply to Muslims, Christians, and Hindus|
|Currency:||Indian rupee (INR)|
The Indian economy continues to show impressive economic growth. The country’s real gross domestic product (GDP) grew at an impressive rate of 9.1 percent during the first half of fiscal 2006 (April – September 2006), after growing by 8.7 percent in fiscal 2005. Together with the country’s impressive growth, India has also become a significant consumer of energy resources.
According to EIA estimates, India was the fifth largest consumer of oil in the world during 2006.
Aryan tribes from the northwest infiltrated onto the Indian subcontinent about 1500 B.C.; their merger with the earlier Dravidian inhabitants created the classical Indian culture. The Maurya Empire of the 4th and 3rd centuries B.C. - which reached its zenith under ASHOKA - united much of South Asia. The Golden Age ushered in by the Gupta dynasty (4th to 6th centuries A.D.) saw a flowering of Indian science, art, and culture. Arab incursions starting in the 8th century and Turkic in the 12th were followed by those of European traders, beginning in the late 15th century. By the 19th century, Britain had assumed political control of virtually all Indian lands. Indian armed forces in the British army played a vital role in both World Wars.
Nonviolent resistance to British colonialism led by Mohandas GANDHI and Jawaharlal NEHRU brought independence in 1947. The subcontinent was divided into the secular state of India and the smaller Muslim state of Pakistan. A third war between the two countries in 1971 resulted in East Pakistan becoming the separate nation of Bangladesh. India's nuclear weapons testing in 1998 caused Pakistan to conduct its own tests that same year.
The dispute between the countries over the state of Kashmir is ongoing, but discussions and confidence-building measures have led to decreased tensions since 2002. Despite impressive gains in economic investment and output, India faces pressing problems such as significant overpopulation, environmental degradation, extensive poverty, and ethnic and religious strife.
Energy production and consumption
|Production:||834,600 bbl/day (2005 est.)||28 billion cu m (2005 est.)|
|Consumption:||2 million bbl/day (2005 est.)||34 billion cu m (2005 est.)|
|Exports:||350,000 bbl/day (2005 est.)|
|Imports:||2 million bbl/day (2005 est.)||5 billion cu m (2005 est.)|
|Reserves:||5 billion bbl (2007 est.)||1 trillion cu m (1 January 2006 est.)|
India - recent news
|09 Jul 20
||India: Reliance and BP launch ‘Jio-bp’ partnership
BP and Reliance Industries Limited (RIL) have announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Operating under the 'Jio-bp' brand, the joint venture aims to become a leading player in India's fuels and mobility markets.
|07 Jul 20
||India: BP to invest $70 million in India’s Green Growth Equity Fund
bp has announced its intention to invest into the Green Growth Equity Fund (GGEF) in India. The fund, established in 2018, is focused on identifying, investing and supporting growth in zero carbon and low carbon energy solutions in the country.
|18 Jun 20
||India: Fugro wins 3-year IRM ROV support contract with Seamec for ONGC project
Fugro has won a 3-year inspection, repair and maintenance (IRM) contract with Seamec to support their asset management project for ONGC off the west coast of India.
|09 Jun 20
||India: Adani Green Energy wins the world’s largest solar award
Adani Green Energy has won the single largest solar development bid ever awarded, totaling 8 GW to be delivered over a period of 60 months. The award, the largest of its type, ever, in the world, will entail a single investment of US $6 billion.
|24 May 20
||India: NTPC in pact with ONGC to set up Joint Venture Company for Renewable Energy business
NTPC, India’s largest power utility, and Oil and Natural Gas Corp (ONGC) have signed a Memorandum of Understanding (MoU) to set up a Joint Venture Company for Renewable Energy business. The MoU will enable both companies to accelerate their footprint in Renewable Energy.
India - more news
Other countries in this region
- Hong Kong,
- New Zealand,
- North Korea,
- Papua New Guinea,
- South Korea,
- Sri Lanka,
- Timor Leste,