Indian Economy Statistics
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The industrial production growth rate in December 2009 showed an improvement in the industrial output, a rise of 17.6% vis-à-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 industrial production growth rate in December 2009 showed an improvement in the industrial output, a rise of 17.6% vis-à-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 %, basic chemicals 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 %.[br]
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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.
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 in FII investments.[br]
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.
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