Saturday, June 7, 2014

Ready Reckoner as on 7th June, 2014

India's GDP (Gross Domestic Product)

  • FY14 GDP growth was 4.7% (Source: http://economictimes.indiatimes.com/news/economy/indicators/fy14-gdp-growth-at-4-7-india-sees-worst-slowdown-in-25-years/articleshow/35786980.cms)
  • India is the world's 3rd largest economy as per GDP in PPP terms ahead of Japan with a PPP GDP of USD 5.75 trillion against USD 4.37 trillion for Japan for 2011 (Source: http://www.livemint.com/Politics/9fdUKXraEGWXu2622jCNKO/Congress-accuses-Modi-of-lying-as-India-climbs-GDP-ranks-in.html)
  • GDP in absolute terms is USD 1.859 trillion in 2012 (Source: http://data.worldbank.org/country/india)
  • The projected Real GDP growth for 2014 is 5.4% and for 2015 is 6.4% according to IMF World Economic Outlook report of April 2014 (Source: http://www.imf.org/external/pubs/ft/weo/2014/01/pdf/c2.pdf)

Inflation

  • WPI (average) was 7.5% for FY13 and is projected to be 5.9% for FY14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)
  • CPI (average) was 10.2% for FY13 and is projected to be 9.5% for FY14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)

Current Account Deficit

  • 4.7% of GDP or USD 88.2 billion in FY 13 and is projected to be 1.7% for FY14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)

Foreign Exchange Reserves

  • USD 312.383 billion as on 30th May, 2014 (Source: http://epaperbeta.timesofindia.com/Article.aspx?eid=31817&articlexml=Forex-Reserves-Falls-by-274-m-07062014006045)
Foreign Trade
  • Exports were USD 306.6 billion for FY 13 and are projected to be USD 318.6 billion for FY 14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)
  • Imports were USD 502.2 billion for FY 13 and are projected to be USD 466.2 billion for FY 14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)
  • Trade deficit was USD 195.7 billion for FY 13 and is projected to be USD 147.6 billion for FY 14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)
Agriculture
  • Growth in FY 13 was 1.42% and is projected at 4.71% for FY 14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)
Industry
  • Growth in FY 13 was 0.96% and is projected at 0.65% for FY 14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)
Services
  • Growth in FY 13 was 6.96% and is projected at 7.00% for FY 14 (Source: http://planningcommission.nic.in/data/datatable/0306/table%201.pdf)