Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article

Home > Business > Special


Indian economy is really booming! Stats say so

George Iype | August 09, 2006

Every month, the Department of Economic Affairs at the Union ministry of finance releases a report that details the key economic indicators of various sectors in India.

So are the economic indicators better this time, compared to the last year?

Here is a comparison as to how the Indian economy fared in key sectors in June 2006 and June 2005.

Rainfall

June 2006: The monsoon season rainfall from June l, 2006 to July 5, 2006 was normal/excess in 69 per cent of meteorological sub-divisions.

June 2005: The monsoon season rainfall from June l, 2005 to June 22, 2005 was normal/excess in 22 per cent of meteorological sub-divisions.

Foodgrain stock

June 2006: Foodgrain stocks were 21.82 million tonne as on May 1, 2006.

June 2005: Foodgrain stocks were 28.08 million tonne as on May 1, 2005.

Industrial growth

June 2006: Overall industrial growth was 9.8 per cent during April-May, 2006 as compared with 9.5 per cent in April-May, 2005.

June 2005: Overall industrial growth was 8.8 per cent during April, 2005, while it stood at 8.9 per cent in April, 2004.

Infrastructure growth

June 2006: Core infrastructure sectors achieved an average growth rate of 6.7 per cent during April 2006 as compared with 6.0 per cent in April, 2005.

June 2005: Core infrastructure sectors achieved an average growth rate of 4.9 per cent during April-May, 2005 as compared with 8.2 per cent in April-May, 2004.

Broad money growth

June 2006: Broad money growth (year-on-year) was 18.1 per cent as on June 23, 2006 as compared with 13.7 per cent last year.

June 2005: Broad money (M3) growth (year-on-year) was 14.2 per cent (net of conversion, 14.1 per cent) as on June 10, 2005 as compared with 15.3 per cent last year.

(Broad money is a measure of the amount of money in circulation, consisting of currency held by the public, savings, deposits, balances in money market mutual funds, etc).

Exports, imports

June 2006: Exports grew by 32.4 per cent in dollar terms during April-June, 2006. Imports increased by 24.5 per cent in April-June, 2006.

June 2005: Exports grew by 19.8 per cent in dollar terms during April-May, 2005 as compared with 32.8 per cent in corresponding period last year. Imports grew by 40.9 per cent in April-May, 2005 as compared with 28.3 per cent in April-May, 2004.

Foreign exchange reserves

June 2006: Forex reserves, excluding gold and SDRs -- special drawing rights, stood at $155.97 billion at the end of June 2006.

June 2005: Forex reserves, excluding gold and SDRs, stood at $132.93 billion at the end of May 2005.

Rupee

June 2006: Rupee appreciated against Japanese Yen and depreciated against US Dollar, Pound Sterling and Euro in June 2006.

June 2005: Rupee appreciated against US Dollar, Pound Sterling and Euro and was stable against Japanese Yen in May 2005.

Inflation

June 2006: The annual inflation rate in terms of WPI (Base 1993-94=100) was 4.96 per cent for the week ended July 1, 2006 as compared with 4.14 per cent a year ago.

June 2005: The annual inflation rate in terms of WPI (Base 1993-94=100) was 4.10 per cent for the week ended June 18, 2005 as compared with 6.62 per cent a year ago

Tax revenue

June 2006: Tax revenue (net to Centre) during April-May, 2006 was higher by 74.2 per cent compared with an increase of 83.5 per cent in corresponding period last year.

June 2005: Tax revenue (net to Centre) during 2004-05 (provisional) over 2003-04 (actual) was higher by 20.3 per cent.

Fiscal deficit

June 2006: In terms of value, fiscal deficit during April-May, 2006 was higher by 51.4 per cent over corresponding period last year.

June 2005: In terms of value, Fiscal deficit during 2004-05 (provisional) was higher by 3.8 per cent over 2003-04 (actual).

Revenue deficit

June 2006: In terms of value, revenue deficit during April-May, 2006 was higher by 55.4 per cent over corresponding period last year.

June 2005: In terms of value, revenue deficit during 2004-05 (provisional) declined by 19 per cent as compared to 2003-04 (actual).


More Specials

Share your comments


 What do you think about the story?




Read what others have to say:


Number of User Comments: 7




Sub: Please also mention..........

Please also mention the fall in rate of poverty and unemployment (actual). This is direct indicator of the present condition of common man (including farmer) ...


Posted by Irfan Qureshi





Sub: Economy's booming! Stats say so

does nay body knows any difference in the life of indian people, do they have food three times, electricity , education, any law and order ...


Posted by ateequr rehman





Sub: Eduction Cess

Education Cess imposed 2% on Direct and Indirect taxes, Where is the funds are being utilised. Fringe Benifit Tax is also imposed what is the ...


Posted by Sambhu Banerjee





Sub: economic indicators

do not see the rain figures in its individuality - these are drivers for economic growth and totally out of the control of govt. economy ...


Posted by r k bhatia





Sub: Good one but..

Good figures.. but I am wondering what is that piece of informationabout rainfall doing out there? Is that one also a consequence of the economic ...


Posted by Vivek




Disclaimer


Advertisement






Copyright © 2006 Rediff.com India Limited. All Rights Reserved.