APPENDIX A.  Country data

                     KEY ECONOMIC INDICATORS
              (in millions of dollars unless noted)

                                         1991/92    1992/93   1993/94   1994/95                               Est. Proj.

Domestic Economy
  Population (Oct.1) (millions)            857        872       890       908
  Population growth rate (%)                 2.0        1.9       2.0       2.0
  GDP in local currency (billion Rs)      2408.9     2519.6    2615.3    2746.0
  Nominal GDP, billion (US$)               251.1      244.1     252.4     285.5
  Nominal GDP per capita (US$)             293.4      279.9     283.6     314.4
  Real GDP in local currency (% Change)      1.0        4.6       3.8       5.0
  Consumer Price Index (% Change)           13.5        9.6       8.0      11.0

Production and Employment
  Unemployment rate (annual average)        22.0       22.0      22.5      22.5
  Agricultural production (% change)        -1.9        3.9       1.0       3.0
  Industrial production (% Change)           0.0        1.8       2.5       6.0
  Govt. fiscal deficit (as % of GDP)         5.9        5.7       7.4       6.1

Balance of Payments
  Exports (F.O.B.)                      18,223     18,789    22,620    26,000
  Imports (C.I.F)                       20,347     22,895    24,070    27,500
  Trade balance                         -2,124     -4,106    -1,450    -1,500
  Current-account balance               -2,521     -5,277    -2,178    -1,700
Foreign direct investment (new)            155        261       600     1,000
Foreign debt (year end)                 74,497     79,221    80,000    81,000
  Debt service paid                      6,770      7,014     7,572     9,400
  Debt service as a percent of
   exports of goods and services            26.1       26.4      24.0      26.4
Foreign-exchange reserves (year end)     5,722      6,749    15,475    18,000
    Average exchange rate for year          24.52      28.90     31.25     31.50
         (Rs = U.S. $ 1.00)
Tourism receipts/expenditure          1330/490   1500/550  1660/600  1750/800
Foreign Investment
  Total (Stock)                          2,700      3,000     3,600     4,600
  U.S. (Stock)                             533        600       800     1,300
  U.S. share (%)                            19.7       20.0      22.2      28.3

U.S.-India Trade
  U.S. exports to India (F.A.S.)         2,003      1,914     2,761     3,200
  U.S. imports from India (C.I.F)        3,197      3,781     4,551     5,000
  Trade balance                         -1,194     -1,867    -1,790    -1,800
  U.S. share of India's exports (pct.)      17.6       20.1      20.1      20.0
  U.S. share of India's imports (pct.)       9.9        8.4      11.5      12.1
  U.S. bilateral aid - Economic            131        172       149       155
  Military Education (IMET)                  0.3        0.3       0.15      0.15

Major U.S. exports (1993): Aircraft and Components
(881); Machinery (233); Fertilizers (171).
Major U.S. imports (1993): Diamonds (1,243); Textiles (1,067)

Note:  Indian Fiscal Year is April 1 to March 31; GDP
in rupee terms based on 1980 prices; Nominal GDP in US
Dollars based on current rupee values converted at
annual average exchange rates; external debt excludes
debt owed to Russia; U.S. trade and investment data for
calendar years.

Sources:  U.S. Department of Commerce, World Bank,
Reserve Bank of India, GOI Economic Survey, and Centre
for Monitoring Indian Economy.