In 1996, the gross domestic product (GDP) per capita was $380, and the GDP growth rate was almost 6 percent from 1990 to 1996. In that period, the average annual inflation was 9 percent. In 1994, national debt was 27 percent of GDP. Over the past half century the economy has been expanding slowly but at a steady rate on the basis of a wide range of industries, including mining operations. Major cities such as Bombay are considered residential creations of British administrators. The United States has been the principal export market in recent years, receiving 17 percent of exports in 1995 and 1996. Clothing, tea, and computer software are three major categories of exports to the United States.
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