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INDIA PROFILE: ECONOMY, BUSINESS & SOCIETY

Copyright - Business Standard

ECONOMY ( % growth )
 
1990-91
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
GDP at constant factor cost
5.6
6.1
4.4
5.8
4
8.5 (QE)
6.9 (AE)
IIP
8.2
6.7
5
2.7
5.8
7.0.
8.4
{Apr-Dec}
Manufacturing
9
7.1
5.3
2.9
6
7.4
9.0.
{Apr-Dec}
Electricity
7.8
7.2
3.9
3.1
3.2
5.1
6.4
{Apr-Dec}
Foodgrain production
(million tonnes)
176.4
209.8
196.8
212.9
179.4
212.4 (P)
206.4 P
{Apr-Dec}
WPI-based inflation(52-week avg)
12.1
3.3
7.2
3.6
3.4
4.6
6.5
CPI-IW based inflation
11.6
3.4
2.5
5.2
4.1
3.5
3.8
{Apr-Dec}
Growth rate of money supply
(M3)
15.1
14.6
16.8
14.1
14.7
16.6
13.9
{As on 21 Jan}
As % of GDP
Gross domestic savings
23.1
24.2
23.7
23.5
26.1
28.1
NA
Gross domestic investment
26.3
25.2
24
23.7
24.8
26.3
NA
Realinvestmentinagricultureas%GDP
1.9
1.4
1.3
1.3
1.27
1.31
NA
Gross fiscal deficit of government
6.6
5.4
5.7
6.2
5.9
4.6 (P)
4.4 (BE)
Revenue deficit
3.3
3.5
4.1
4.4
4.4
3.6 (P)
2.5 (BE)
Primary deficit
2.8
0.7
0.9
1.5
1.1
0.1 (P)
0.3 (BE)
 
 
 
 
 
 
 
 
Direct tax revenue
1.9
3
3.3
3
3.4
3.8 (P)
4.5 (BE)
Indirect tax revenue
7.9
5.8
5.7
5.1
5.3
5.3 (P)
5.7 (BE)
Subsidies
1.7
1.2
1.2
1.3
1.7
1.6 (P)
1.4 (BE)
Average cost of domestic borrowings %
8.2
10.3
10.2
9.8
9.5
8.9 (RE)
8.8 (BE)
EXTERNAL SECTOR ( % growth )
Exports ($ terms)
9
10.8
21.0.
-1.6
20.3
21.1
25.6
{Apr-Jan}
Imports ($ terms)
14.4
17.2
1.7
1.7
19.4
27.3
34.7
{Apr-Jan}
Average exchange rate(Rs / US$)
17.94
43.33
45.68
47.69
48.4
45.95
45.18
{Apr-Jan}
As % of GDP
 
 
 
 
 
 
 
Exports
5.8
8.4
9.9
9.4
10.6
10.8
NA
Imports
8.8
12.4
12.7
11.8
12.7
13.3
NA
Current account balance
-3.1
-1
-0.5
0.7
1.2
1.8
NA
External debt
28.7
22.1
22.6
21.2
20.3
17.8 {R}
NA
 
 
 
 
 
 
 
 
Debt service to current receipts (%)
35.3
17.1
16.2
13.4
15.8
18.3 {R}
NA
Short-term debt to Forex revenue (%)
146.5
10.3
8.6
5.4
7
4.4 {R}
5.7
{Apr-Sep}
 
Total foreign investment
0.03
1.2
1.1
1.3
0.8
2.69
0.4
{Apr-Sep}
FDI
0.03
0.5
0.4
0.9
0.7
0.62
0.32
{Apr-Sep}
Portfolio
Negl
0.7
0.6
0.4
0.2
1.98
Negl
{Apr-Sep}
 
 
 
 
 
 
 
 
Forex reserves
(US$ bn)
5.83
35.06
39.55
51.05
71.89
107.45
123.65
{31 Jan}
Import cover of Forex res
(no. of months)
2.5
8.2
8.8
11.5
14.2
16.9
13.8
{Apr-Sep}
INFRASTRUCTURE
Electricity production
(billion kwh)
264.3
480.7
498.5
515.3
531.6
558.3
437.9
{Apr-Dec}
Refinery crude throughput
(million tonnes)
51.77
85.98
103.44
107.27
112.56
121.8
84.4
{Apr-Nov}
Finish steel inclsecondaryprods
(m tonnes)
13.5
28.5
30.3
31.1
34.5
36.9 (P)
NA
Coal
225.5
322.1
332.6
352.6
367.2
389.1 (P)
NA
Cement
48.8
100.4
99.5
106.9
116.3
123.5 (P)
NA
Gross traffic receiptsofRailways
(Rs crore)
12096
32939
34880
37837
41068
42605
44902
Growth rates (%)
Coal
5.4
3.1
3.5
4.2
4.6
5.1
6.8
{Apr-Dec}
Refinery crude throughput
-0.33
25.4
20.3
3.7
4.9
8.2
6.7
{Apr-Dec}
Cement
na
14.2
-0.9
7.4
8.8
6.1
6.9
{Apr-Dec}
Railways revenue earning goods traffic
2.72
8.4
3.7
4
5.3
7.5
7.7
{Apr-Dec}
Cargo handled at major ports
3.02
8
3.4
2.3
9
9.9
11.1
{Apr-Dec}
New telephone connections
16.71
29.7
27.2
23.9
21.5
40.1
21.4
{Apr-Dec}
Passengers handled at domestic terminals
-11.23
7.4
7.7
-5.7
9.6
13.1
25.9
{Apr-Dec}
(Source: Economic Survey)
(BE) Budget Estimate (RE) Revised Estimates (AE) Advance Estimates (QE) Quick Estimates (P) Provisional ® Revised
 
BUSINESS
Corporate sector
(manufacturing cos)
Fig
in Rs crore
1998-1999
%
1999-2000
%
2000-2001
%
2001-2002
%
2002-2003
%
2003-2004
%
 
 
change
 
change
 
change
 
change
 
change
 
change
Sales
Public sector
233638.52
14.33
297959.91
27.53
370450.40
24.33
358573.95
-3.21
416661.24
16.20
459224.70
10.22
Private sector
380971
7.00
434011.09
13.92
482062.20
11.07
529781.31
9.90
588339.08
11.05
683611.39
16.19
PAT
Public sector
13242.54
-0.03
14192.73
7.18
17835.95
25.67
17697.28
-0.78
28982.28
63.77
37447.79
29.21
Private sector
12869.47
-18.33
16158.94
25.56
19128.43
18.38
16552.70
-13.47
23121.19
39.68
41158.83
78.01
Gross fixed assets
Public sector
215653.71
18.59
220977.34
2.47
237612.51
7.53
251178.27
5.71
266806.86