HIGHLIGHTS The overall growth of GDP at factor cost at constant prices, as per Revised Estimates, was 8.5 per cent in 2010-11 representing an increase from the revised growth of 8.0 per cent during 2009-10. The growth in real GDP is placed at 6.9 per cent in the second quarter of 2011-12. It is estimated to be 7.3 per cent for the first half of the current year.
The cumulative rainfall received for the country as a whole, during the post monsoon season, 2011 (October–December), has been 48 per cent below the normal as on 14.12.2011.
Food grains (rice and wheat) stocks held by FCI and State agencies were 51.79 million tonnes as on October 1, 2011.
Overall growth in the Index of Industrial Production (IIP) was (-) 5.1 per cent during October 2011 as compared to 11.3 per cent in October 2010. During April-October 2011-12, IIP growth was 3.5 per cent as compared to 8.7 per cent during 2010-11.
Eight core Infrastructure industries grew by 0.1 per cent in October 2011 as compared to the growth of 7.2 per cent in October 2010. During April-October 2011-12, these sectors grew by 4.3 per cent as compared to 5.9 per cent during April-October 2010-11.
Broad money (M3) (up to December 2, 2011)in the current year increased by 8.8 per cent as compared to 8.5 per cent during the corresponding period of the last year. The year-on-year growth, as on December 2, 2011 was 16.3 per cent as compared to 15.7 per cent last year.
Exports, in US dollar terms increased by 10.8 per cent and imports increased by 21.7 per cent, during October 2011 over October 2010.
Foreign Currency Assets stood at US$ 273.2 billion at end November, 2011 as compared to US$ 263.5 billion at end November, 2010.
Rupee depreciated against US dollar, Pound Sterling, Japanese Yen and Euro in the month of November, 2011 over October, 2011.
Year-on-year inflation in terms of Wholesale Price Index was 9.11 per cent for the month of November 2011 as compared to 9.73 per cent in October 2011.
Gross tax revenue is at 46 per cent of BE and have increased by 13 per cent in comparison to the corresponding period in the previous year; with custom duties, service tax and taxes on income being the main contributors to the growth of tax revenue.
As proportion of Budget Estimates, fiscal deficit is at 74.4 per cent and revenue deficit is at 79.1 percent respectively in April-October 2011.
(Ministry of Finance, Department of Economic Affairs, Economic Division, GOI)
The cumulative rainfall received for the country as a whole, during the post monsoon season, 2011 (October–December), has been 48 per cent below the normal as on 14.12.2011.
Food grains (rice and wheat) stocks held by FCI and State agencies were 51.79 million tonnes as on October 1, 2011.
Overall growth in the Index of Industrial Production (IIP) was (-) 5.1 per cent during October 2011 as compared to 11.3 per cent in October 2010. During April-October 2011-12, IIP growth was 3.5 per cent as compared to 8.7 per cent during 2010-11.
Eight core Infrastructure industries grew by 0.1 per cent in October 2011 as compared to the growth of 7.2 per cent in October 2010. During April-October 2011-12, these sectors grew by 4.3 per cent as compared to 5.9 per cent during April-October 2010-11.
Broad money (M3) (up to December 2, 2011)in the current year increased by 8.8 per cent as compared to 8.5 per cent during the corresponding period of the last year. The year-on-year growth, as on December 2, 2011 was 16.3 per cent as compared to 15.7 per cent last year.
Exports, in US dollar terms increased by 10.8 per cent and imports increased by 21.7 per cent, during October 2011 over October 2010.
Foreign Currency Assets stood at US$ 273.2 billion at end November, 2011 as compared to US$ 263.5 billion at end November, 2010.
Rupee depreciated against US dollar, Pound Sterling, Japanese Yen and Euro in the month of November, 2011 over October, 2011.
Year-on-year inflation in terms of Wholesale Price Index was 9.11 per cent for the month of November 2011 as compared to 9.73 per cent in October 2011.
Gross tax revenue is at 46 per cent of BE and have increased by 13 per cent in comparison to the corresponding period in the previous year; with custom duties, service tax and taxes on income being the main contributors to the growth of tax revenue.
As proportion of Budget Estimates, fiscal deficit is at 74.4 per cent and revenue deficit is at 79.1 percent respectively in April-October 2011.
(Ministry of Finance, Department of Economic Affairs, Economic Division, GOI)
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