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Economic Indicators of India

Autor:   •  July 27, 2012  •  Essay  •  493 Words (2 Pages)  •  876 Views

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Global Scenario

• Recovery slowing; global environment continues to be a cause for caution

Domestic Scenario

• Recovery consolidating; economy rapidly converging to its trend rate of growth. Agri. growth prospects boosted; sustained growth in service sector.

• Inflation dominant concern; implications for real interest rates

• Fiscal deficit conforming to budget estimates

• External front -export growth constrained by continuing sluggishness in global economy; demand for imports increased due to strong domestic recovery

Overall assessment - growth remains steady. Inflation appears to have stopped accelerating though the rate may remain high for some months

Monetary Measures announced

• Repo rate under LAF increased by 25 basis points from 5.75 % 6 %. Reverse repo rate increased by 50 basis points from 4.5 % to 5.0 %

IMF's World Output Growth Forecast

2010 2011

World 4.6 4.3

Advance economies 2.6 2.4

Developing economies 6.8 6.4

India 9.4 8.4


The Gross Domestic Product (GDP) in India expanded 6.9 percent in the third quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 2004 until 2011, India's average annual GDP Growth was 8.45 percent reaching an historical high of 10.10 percent in September of 2006 and a record low of 5.50 percent in December of 2004


The inflation rate


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