Indian Economy Statistics

8/8/2019 Indian Economy Statistics

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Indian Economy Statistics

The industrial production growth rate in December 2009 showed an improvement in the

industrial output, a rise of 17.6% vis--vis the weak growth witnessed in the previous months.

Growth in December 2008 was negative. Output in mining, manufacturing and electricity rose by

10.7%, 19.3% and 5.4%, respectively, in December 2009, as compared to 2.2%, -0.6% and

1.6% growth, respectively, in 2008. The basic goods market grew by 7.7%, intermediate goods

market by 22.7% and capital goods by 13.2%. The growth of 13.2 % in the consumer goods

category was mainly seen coming from the consumer durables segment, the growth in

consumer durables was on account of an increase in sales during the festive season. Growth

mainly picked up in ten industry sectors, where cotton textiles grew by 7.6 %, wool , silk and

fibers by 24.5 %, textile products by 14.5 %, wood products by 10.4 %, paper by 4.4 %, basicchemicals by 5.8 %, rubber, plastic , petroleum and coal products by 21.6 %, metal products by

12.2 %, machinery equipment by 44.8 % and transport equipment by 83.4 %.

Core Infrastructure

Growth in the overall core infrastructure sector increased from 3.8 % in October 2009 to

9.4 % in January 2010, compared to the low growth of 2 % achieved during the

corresponding months of the previous year. In January 2010, acceleration in growth

was seen in all the six core industry sectors.

Fiscal Trends

With an increase of 17%, the total expenditure incurred by the government grew from

$150 billion during the period April-January 2008-09 to $175 billion in the current fiscal.In case of revenue receipts, the figures have also showed an increase of 5% during the

same period. As a result, the fiscal deficit increased moderately at the rate of 33% and

went up from $58 billion to $77 billion during April-January 2009-10.


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Foreign Investments

Foreign direct investment accumulated during the April-December period of 2009-10

stood at $26.5 billion, which was $2 billion higher than what was achieved previously.

Portfolio investments came in at $23.6 billion, compared to negative $11 billion in the

previous year. The rise in portfolio investments was particularly due to an increase inFII investments.

Foreign Exchange Reserves

India's reserves as of March 2010 are at above $280 billion. In December 2009, the

forex was at $283.5 billion, increasing from $251 billion in April 2009. The forex, at $283

billion, was less than the $286 billion achieved in the previous month of 2009.

Indian Economy in 2005 - 2006 (India Economy 05-06)

n April - November 2005 -06 overall industrial productions achieved a growth rate of 8.3

%, marginally below the growth rate last year. The index indicates a slowdown in the

month of November 2005.

Manufacturing continued to grow faster in April- November 2005-06 than it did last year

and remained the main growth driver in the current year.

Industry was aided by the buoyancy in both the consumer and investment goodssectors. Growth in the capital goods sector was up by 3 percentage points to 15.9% in

April- November 2005-06. However in the consumer goods sector it was the consumer

nondurable that registered a significant pick up in growth even as the growth in the

consumer durable goods segment.

Despite fluctuations in the output the growth in the basic goods sector was marginally

higher than in the previous year at 6%. In contrast overall growth in the intermediate

goods sector went down by more than half to 3%.

Sectors with positive growth rate in November 2005-06 are Cotton Textiles (13.3%),Basic Metals (13.3%), Transport (11.8%), Food Products (5.8%), Jute and other fiber

textiles (4.2%), Manmade textiles (3.4%) and Rubber (1.8%).

y Index of six core infrastructure industries grew at a slower pace of 4.4% in April-

November period of current year. Among the six core infrastructure industries,

production grew faster only for Cement at 10.6% in the April- November period of


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2005-06. In the April- November 2005-06 Production ofFinished Steel, Coal and

Power grew up at a lower rate than last year, by 7.2%, 7.1% and 4.9% respectively.

y Highest ever addition to telephone network of 28.37 million was made at the end of

December 2005-06. Total phones stood at almost 125 million on account of 23.7

million cellular phones booked in April- December 2005-06. Mobile phone network alsoadded a record of 4.46 million phones in December 2005-06.

y Stock Markets had shown resilience in November 2005-06, further picking up to

exceptionally all time high levels. Sensex and Nifty increased to 9390 and 2835 points

respectively. Both the indices recorded a 5% rise in November against the previous

month of 2005-06.

y Broad Money grew at higher magnitude of 12% in the fiscal year upto December 2005-

06 this was mainly due to higher growth credit to the commercial sector. Government

Borrowings reduced further, however, aggregate deposits in Scheduled Commercialbanks increased by 14% by December 2005. Lower government borrowings is also

reflected in low investments made by SCB, which registered a decline.

The total credit of SCBs increased in December 2005-06, ascribed to higher non -food

credit.

y In November 2005-06 Gross tax collections increased at a marginally lower rate. For

the first time in the last eight months collections from income tax showed a positive

going up by 22.1%. Corporation tax however decelerated for the first time after fivemonths in November 2005-06. The revenue receipts and net tax revenue in the April -

November period of 2005-06 went up by 16.5% and 22% respectively. Non-Plan

Expenditure accelerated by 7.7% as compared to a 8.4% fall in the same period of last

FY. Expenditure in the plan category also rose by 19.6%, primarily because of

increased expenditure in the revenue head.

y Over all commodity prices index increased by 4.6% in the last month of Q3 2005-06.

Vegetables (15%) , Cement (9.9%), Drugs and Medicines (6.6%), Food grains (4.9%),

and Chemical Products (3.9%) have become expensive with prices rising faster than

the other commodities . Commodities with slow prices increase in December of 2005are Minerals (29.9%), %, Mineral Oil (11.2%), Sugar KG (8.2%), Fuel with (7.7%), and

Food products (5.7%).

Textile and Edible oil became cheaper, price of Edible oil was reduced by 7.5 % and

Textile by 3.8%.


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y Exports increased at a higher rate of 16.19% in December 2005-06 where as Imports

grew at 8.44%. In December 2005 Oil imports exhibited a sharp rise by 63% over anegative 18% in the December 2004. On the other hand, the non-oil imports

decelerated sharply in the second consecutive month of Q3 2005-06.

Growth in April-October 2005 period of the major commodities for Indian exports are:Transport equipments (48%), Iron ore (40%), Machinery & instruments (31.9%), Basic

Chemicals Pharmaceuticals (22.5%), Manufacture of Metals (20.1%), Rubber Glass

(18.4%), Readymade Garments (15.9%), Electronic Goods (3.5%) and Iron and Steel

(0.7%).

Major partners for Indian exports in April-October 2005 are: Singapore with 68%

Growth, Sri Lanka (54%), Netherlands (53.2%), China (48.8%), UK (37.6%), Hong

Kong (34.7%), EU (25.2%), France (24.9%), Japan (20.9%,) Germany (18%), UAE

(15.6)%, Belgium (15.1)% and Italy (8.6).

Growth in major commodities for India's imports are Iron and Steel (95%), Metal scrapand ores (57%), Fertilizers (57.4%), Artificial Resins ( 56.7%), Transport Equipments

(53%), Machinery (48.9%), Textile Yarn Fabric (36.5%), Pearls, Precious stones(36.4%), Gold and Silver (34.1)%, Organic and Inorganic Chemicals (20.6)% and

Electronic Goods (18.3%), Major Importing Partners for India are: Russia (62%),Germany (48.1%), China (47%), Switzerland (43.1%), Hong Kong (42.6%), UAE

(40%), Australia (37%), EU (30%), UK (29.9%), South Korea (29.8%), USA (21.8%),Belgium (21.%), Singapore (19.7%), Japan (12.9%) and Malaysia (6.7%).

y Total Foreign Investment in the April - October 2005-06 went up to $ 8472 million.

October 2005-06 figures show a drop in Total Foreign Investment inflow due to erosionin Portfolio Investments, however, Foreign Direct Investment firmed up in the

beginning Of Q3 2005-06.

y In December 2005-06 Foreign Exchange Reserves fell by 3.4%, from $ 142.1 billion in

November 2005-06 to $ 137.2 billion. This is mostly due to the sale of dollars for the

redemption of IMDs (India Millennium Deposits).

yIndian Currency exchange rates vis--vis USD remained unchanged at Rs 45.7 in lastmonth of Q3 2005-06 against previous month of 2005-06 and in the same period INR

position weakened against Euro at Rs 54.15 , changing by 0.47% .

May 2005 Indian Economy Statistics

VARIABLES LATEST FIGURES AVAILABLE


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INFLATION RATE (WPI) 5.2 % (as on May 28)

INFLATION RATE (CPI) 4.2% (so far over last year)

GROWTH RATE OF M3 3.4 % (so far in the financial year)

PRMIE LENDING RATE 10.25-10.75 %

Re/$ EXCHANGE RATE 43.69 (as on May 31)

FOREX RESERVES 139.82 billion on May 27INDEX OF INDUSTRIAL PRODUCTION (IIP) 8.8 % (variation over last year)

GROWTH RATE OF EXPORTS 17.2 % (variation over last year)

GROWTH RATE OF IMPORTS 51.05 % (variation over last year)

INFLATION

The Wholesale Price Index for 'All Commodities' (Base: 1993-94 = 100) for the week

ended 28th May 2005 rose by 0.1 percent to 192.2 (Provisional) from 192.0

(Provisional) for the previous week.The annual rate of inflation, calculated on point-to-point basis, stood at 5.20 percent

(Provisional) for the week ended 28/05/2005 as against 5.38 percent (Provisional) forthe previous week and 5.61 percent during the corresponding week of the previous

year.

The index for Primary Articles (weight 22.02 %) rose by 0.2 percent to 189.1

(Provisional) from 188.7 (Provisional) for the previous week. The index for 'FoodArticles' group rose by 0.3 percent to 191.1. The index for 'Non-Food Articles' group

rose by 0.2 percent to 179.5 (Provisional) from 179.1 (Provisional) for the previous weekdue to higher prices of raw rubber (3%), fodder (2%) and groundnut seed, gingelly seed,

cottonseed and raw jute (1% each). However, the prices of coir fibre (19 %), raw silk

(2%) and copra, castor seed and tobacco (1% each) declined.

The index for "Fuel, power, light and lubricant" (weight 14.23%) remained unchanged at

its previous week's level of 293.1. The index for "Manufactured products" (weight 63.75

%) rose by 0.1 percent to 170.7 (Provisional) from 170.6 (Provisional) for the previous

week mainly on account of Textiles', 'Chemicals & Chemical Products', 'Non-Metallic

Mineral Products' and 'Machinery & Machine Tools.

Monthly inflation rate as measured by the all-India CPI(UNME) for April, 2005 stood at443, two point more than the index for the previous month i.e. March, 2005. With the

corresponding all-India index for April 2004 being 425, the index for the month of April2005 has shown a rise of 4.2% over the year.

MONEY SUPPLY

Stock of money was Rs 23,46,415 Crore on May 27, 2005. So far in the financial year2004-05, this variation is of the order of 3.4 %. In terms of amount, the total

outstanding money stock is higher by Rs 77,258 crore than that in the same period ayear ago. The components in money supply namely, currency with public, Demand


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deposits with banks, time deposits with banks and "other" deposits with banks

witnessed a growth rate of 5.6, -3.6, 4.4 and -33.3 % respectively. Among the sourcesof variation in money supply net bank credit to govt. and net foreign exchange assets of

banking sector saw a decline while bank credit to commercial sector went up.Compared to growth rate in 2003-04, banking sector net non-monetary liabilities other

than time deposits shot up.

INTEREST RATES

Prime lending rate of major 5 banks remained static at 10.25%-10.75% in the month of

May also. Bank rateis also the same as of last month's figure of 6%.

INDEX OF INDUSTRIAL PRODUCTION

The Quick Estimates of Index of Industrial Production (IIP) for the month of April 2005

stands at 206.1, which is 8.8% higher as compared to the level in the month of April

2004.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectorsfor the month of April 2005 stand at 152.4, 215.7, and 186.7 respectively, with the

corresponding growths of 3.1%, 10.0% and 3.0% as compared to April 2004.

As many as 14 of the 17 twodigit industry groups have shown positive growth during the

month of April 2005 as compared to the corresponding month of the previous year.

'Textile Products (including Wearing Apparel)' have shown the highest growth of 23.2%,

followed by 20.9% in 'Other Manufacturing Industries' and 16.6% in 'Basic Metal and

Alloy Industries'. On the other hand, 'Wood and Wood Products; Furniture and Fixtures'

have shown a negative growth of 6.3% followed by a decline of 4.6% in 'Wool, Silk and

Manmade Fibre Textiles' and 2.8% in 'Jute and Other Vegetable Fibre Textiles (except

cotton)'.

As per Usebased classification, the growth in April 2005 over April 2004 is 5.9% inBasic goods, 24.5% in Capital goods and 2.3% in Intermediate goods. The Consumer

durables and Consumer nondurables have recorded growth of 18.6% and 11.4%respectively, with the overall growth in Consumer goods being 13.1%.

FOREIGN EXCHANGE RESERVES

After reaching peak of 142 billion in April, foreign exchange reserves fell to slip below

the $140-billion mark. During the week ended May 27, reserves dipped $520 million totouch $139.829 billion. The fall occurred despite FII inflows.

A week ago, total foreign exchange reserves including gold and SDR went down by

$520m to $139.6 bn during the week ended May 20. While foreign currency assets fell

by $518m, the reserve tranche position in the IMF dipped $2m during the week. The

value of gold and SDR in reserves remained unchanged.


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EXPORTS AND IMPORTS

Exports during April 2005 are valued at US $ 6567.99 million that is 17.20 % higher thanthe level of US $ 5603.96 million during April 2004. In rupee terms, the exports were Rs.

28729.18 crores, which is 16.70% higher than the value of exports during April 2004.

Imports during April 2005 are valued at US $ 10422.54 million representing an increaseof 51.05 % over the level of imports valued at US $ 6900.15 million in April 2004.

In Rupee terms, the imports increased by 50.40 %.

Oil imports during April, 2005 are valued at US $ 3299.64 million which is 41.37 %

higher than oil imports valued at US $ 2334.11 million in the corresponding period last

year. Non-oil imports during April 2005 are estimated at US $ 7122.90 million, which is

56.00 % higher than the level of such imports valued at US $ 4566.04 million in April

2004

SENSEXBreaking seven successive sessions of gains, the Sensex closed below thepsychological mark of 6,700 on 30th May 2005. The markets, which had consistently

rallied over the past few sessions, gave in to sustained profit booking in the absence ofany major triggers. At close, the Sensex was at 6,663, down 44 points. In the broader

markets, the Nifty closed with marginal losses at 2,072. The Sensex started at 6200closing points in the beginning of May, went up to 6445 ten days later and revolved

around 6600 in the third and fourth week of the month.

Indian Economy Statistics

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