_#_Diplomatic representation: Ambassador Abid HUSSEIN; Chancery at 2107 Massachusetts Avenue NW, Washington DC 20008; telephone (202) 939-7000; there are Indian Consulates General in Chicago, New York, and San Francisco;
US—Ambassador William CLARK, Jr.; Embassy at Shanti Path,
Chanakyapuri 110021, New Delhi; telephone [91] (11) 600651; there are US
Consulates General in Bombay, Calcutta, and Madras
_#_Flag: three equal horizontal bands of orange (top), white, and green with a blue chakra (24-spoked wheel) centered in the white band; similar to the flag of Niger which has a small orange disk centered in the white band
_*Economy #_Overview: India's economy is a mixture of traditional village farming and handicrafts, modern agriculture, old and new branches of industry, and a multitude of support services. It presents both the entrepreneurial skills and drives of the capitalist system and widespread government intervention of the socialist mold. Growth of 4% to 5% annually in the 1980s has softened the impact of population growth on unemployment, social tranquility, and the environment. Agricultural output has continued to expand, reflecting the greater use of modern farming techniques and improved seed that have helped to make India self-sufficient in food grains and a net agricultural exporter. However, tens of millions of villagers, particularly in the south, have not benefited from the green revolution and live in abject poverty. Industry has benefited from a partial liberalization of controls. The growth rate of the service sector has also been strong. India, however, has been challenged more recently by much lower foreign exchange reserves, higher inflation, and a large debt service burden.
_#_GNP: $254 billion, per capita $300; real growth rate 4.5% (1990 est.)
_#_Inflation rate (consumer prices): 10.0% (1990)
_#_Unemployment rate: 20% (1990 est.)
_#_Budget: revenues $34 billion; expenditures $54 billion, including capital expenditures of $13.3 billion (FY91)
_#_Exports: $17.0 billion (f.o.b., FY90);
commodities—gems and jewelry, engineering goods, clothing, textiles, chemicals, tea, coffee, fish products;