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Indian Economy

Asian Development Bank predicts India's gross domestic product (GDP) to grow by 7.8 % in FY 2015-2016 and 8.2 % in FY 2016-17.

The World Bank latest updates  (29.10.2015) expects India's economic growth to be 7.5 % in 2015-16.

Gross Domestic Product (GDP) Composition by Sector

Services: 52.97 % (2014-2015)

Industry: 30.02 % (2014-2015)

Agriculture: 17.01 (2014-2015)

Forex Reserves: US$ 353.5 billion in the week up to October 16, 2015.  FDI inflows have increased 40 % during April-June this year to reach US $ 9.06.

EXPORTS (including re-exports)

Exports during August, 2015 were valued at US $21266.31 million (Rs.138384.74 crore) which was 20.66 per cent lower in Dollar terms (15.22 per cent lower in Rupee terms) than the level of US $26803.48 million (Rs.163220.33 crore) during August, 2014.Cumulative value of exports for the period April-August 2015-16 was US $111094.47 million (Rs 708933.92 crore) as against US $132529.64 million (Rs 796013.40 crore) registering a negative growth of 16.17 per cent in Dollar terms and 10.94 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during August, 2015 were valued at US $33744.28 million (Rs. 219581.77 crore) which was 9.95 per cent lower in Dollar terms and 3.77 per cent lower in Rupee terms over the level of imports valued at US $37472.78 million (Rs. 228191.26 crore) in August, 2014. Cumulative value of imports for the period April-August 2015-16 was US $168610.56 million (Rs 1076178.14 crore) as against US $190747.68 million (Rs 1145604.44 crore) registering a negative growth of 11.61 per cent in Dollar terms and 6.06 per cent in Rupee terms over the same period last year.

TRADE BALANCE

The trade deficit for April-August, 2015-16 was estimated at US $57516.09 million which was lower than the deficit of US $58218.04 million during April-August, 2014-15.

Export Partners: US, Germany, UAE, China, Japan, Thailand, Indonesia and European Union. India is also tapping newer markets in Africa and Latin America

Currency (code): Indian rupee (INR)

Exchange Rates: Indian rupees per US dollar - 1 USD = 66.78 INR (Nov, 2015)

Fiscal Year: 1 April - 31 March

Foreign Direct Investment

According to Department of Industrial Policy and Promotion (DIPP), the total FDI inflows soared by 24.5 per cent to US$ 44.9 billion during FY2015, as compared to US$ 36.0 billion in FY2014. FDI into India through the Foreign Investment Promotion Board (FIPB) route shot up by 26 per cent to US$ 31.9 billion in the year FY2015 as against US$ 25.3 billion in the previous year, indicating that government's effort to improve ease of doing business and relaxation in FDI norms is yielding results.

Data for FY2015 indicates that the increase in the FDI inflows was primarily driven by investments in infrastructure and services sector. Within Infrastructure, Oil & Gas, Mining and Telecom witnessed higher FDI inflows, whereas IT services and trading (wholesale, cash & carry) drove the services inflows. Most recently, the total FDI inflows for the month of June 2015 touched US$ 2.05 billion as compared to US$ 1.9 billion in the same period last year.

During FY2015, India received the maximum FDI equity inflows from Mauritius at US$ 9.03 billion, followed by Singapore (US$ 6.74 billion), Netherlands (US$ 3.43 billion), Japan (US$ 2.08 billion) and the US (US$ 1.82 billion). Healthy inflow of foreign investments into the country helped India’s balance of payments (BoP) situation and stabilised the value of rupee.

According to the data released by Grant Thornton India, the total merger and acquisitions (M&A) and private equity (PE) deals in the month of August 2015 were valued at US$ 2.6 billion (151 deals), which is 62 per cent higher in volume as compared to August 2014.

Transportation in India

Airports: The Airports Authority of India (AAI) manages a total of 125 Airports

International Airports: Ahmedabad, Amritsar, Bengaluru, Chennai, Goa, Guwahati, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Thiruvananthapuram, Port Blair, Srinagar, Jaipur, Nagpur, Calicut, Tiruchirapalli, Coimbatore

Railways: The Indian Railways network is spread over some 64,000 km, with 12,000 passenger and 7,000 freight trains each day from 7,083 stations plying 23 million travellers and 2.65 million tonnes of goods daily

Roadways: India’s road network of 4.1 million km is the second largest in the world. With the number of vehicles growing at an average annual pace of 10.16 per cent, Indian roads carry about 65 per cent of freight and 80 per cent of passenger traffic

Waterways: 14, 500 km

Major Ports of Entry: Chennai, Ennore, Haldia, Jawaharlal Nehru Port Trust (JNPT), Kolkata, Kandla, Kochi, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin and Vishakhapatnam.


                     

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