Latest Economic Statistics – FY 10-11

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