Visit the global automotive industry news blog with Asia automotive industry news and India automotive industry news.
Daniel P. Malone
ASIA: "India Automotive Monthly: Executive Summary - February 2011". 8-page Exec Summary by J.D. Power and Associates Asia Pacific.
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backASIAtalk March, 2012
India: Monthly Economic Report
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.
Eight core Infrastructure industries grew by 3.1 per cent in December 2011 and Broad money (M3) (up to January 27, 2012) increased by 10.2 per cent.
Exports, in US dollar terms increased by 6.7 per cent and imports increased by 19.8 per cent, during December 2011 over December 2010. The cumulative growth for April-December 2011 was 25.84 per cent and 30.4 per cent for exports imports respectively.
Rupee appreciated against US dollar, Pound Sterling, Japanese Yen and Euro in the month of January 2012 over December 2011 and Foreign Currency Assets stood at US$ 259.2 billion at end of January 2012.
Gross tax revenue is at 64 per cent of BE during April-December 2011 and has increased by 12 per cent in comparison to the corresponding period in the previous year; with service tax, custom duties and taxes on income being the main contributors registering growth of 37 per cent, 15 per cent and 14 per cent respectively over the previous year.
Monthly Economic Report released by the Ministry of Finance:
To download 12-page report, please click here.
Source: IBEF and India Ministry of Finance - GAI
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