Quick Facts
· Food inflation back in single digits at 9.5 per cent
· External debt jumps USD 1.7 billion in December quarter
· Banks in India report 22.8 per cent growth in February credit flows Corporate India raised USD 1.44 billion overseas in February
· Service tax on forex transactions capped at ` 5,000
· Census of India 2011: Shocking gender bias among 17.5 per cent humanity
· Gold demand in India to rise 33 per cent by 2020: WGC
· Electronics, IT sector to need 3.2 million workforce by 2022: NSDC
· China's forex reserves up at record high of USD 2.8 trillion
· U.S. jobless drops to 8.8 per cent, payrolls increase by 216K in March
Source: Assocham Research Bureau
Outlook on Indian Industry:
| | | 2010-11 | 2011-12 |
| Growth | Agriculture | 5.0 | 2.7 |
| | Industry | 8.6 | 8.2 |
| | Services | 9.4 | 9.6 |
| Inflation | WPI – Average | 8.0-8.5 | 5.8-6.0 |
| Interest Rate | 10 Year G-Sec | 8.1-8.3 | 7.9-8.2 |
| Exchange Rate | Re / USD | 43.5-44.0 | 42.5-43 |
| Fiscal Deficit | As a % of GDP | 5.0 | 5.5 |
Source: Crisil Ecoview
Compiled into an article by: CA. Aparna RamMohan
Sources: Assocham Research Bureau, Economic Times, Business Standard and CRISIL Newsletter
