Since January 2015, more than 1,000 Indian startup companies attracted funding from international investors, with private equity firms making up nearly 98 percent of new investment, according to data from Trak.in, a local business news and opinion company. Private equity firms - led by Alibaba, SoftBank, and Steadview Capital Management - invested a total of about $9.5 billion during the period. In contrast, data from TNW news indicates that in 2010, Indian startups brought in only $13 million in private equity and venture capital investment.
Note: In many cases, the funding amount is not disclosed. All amounts are converted into USD (rupee conversion at the date of news) for uniformity.
Since India was under British rule, the rupee was pegged to the British pound. From 1927 to 1966, 13 rupees = 1 pound. The peg was maintained until 1966 when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar. This peg lasted until the U.S. dollar was devalued in 1971.
GDP, Constant Prices|Agriculture and Allied|Agriculture|Industry|Mining and Quarrying|Manufacturing|Services|Database
Source:Whole Sale Price Index, published by Office of Economic Advisor, India
The population of India was 1.311 billion in 2015, according to an estimate from the United Nations, making it the second most populated country in the world after China. But, as early as in 2022, the population of India is widely expected to surpass that of China to make India the most populous country in the world. Even now India contributes twice as much as China to global population growth. By 2050, the Population Division of the UN expects India population to exceed 1.62 billion people. According to the 2011 census data, the most populous Indian state is Uttar Pradesh with population of roughly 200 million. To put this into context,...