Indian Economy -Facts File
1- India’s Index of Industrial Production (IIP) grew by 3.8 per cent in June 2015 compared to 2.5 per cent in May, 2015. The growth was largely due to the boost in manufacturing growth, which was 4.6 per cent in June compared to 2.9 per cent in the previous month.
2- India continued to remain at the top of Nielsen’s global consumer confidence index for the fifth quarter in a row. The country’s confidence score rose 1 point from the previous quarter to 131 in the three months ended June 2015, which was highest in past four years.
3- India’s current account deficit reduced sharply to US$ 1.3 billion (0.2 per cent of GDP) in the fourth quarter of FY2015 compared to US$ 8.3 billion (1.6 per cent of GDP) in the previous quarter, a reduction in the current account deficit by 84.3 per cent quarteronquarter basis.
4-India’s Consumer Price Index (CPI) inflation rate fell to eight-month low of 3.8 per cent in July 2015 as compared to 5.4 per cent in June 2015, led by fall in food and beverages price index.
5- Private Equity investment activity in May 2015 increased both in terms of volume (68 deals or 58 per cent increase) and value (US$ 1.25 billion or 48 per cent increase) on a year-on-year basis.
6-The Indian economy is expected to grow at 7.8 per cent in FY 2015-16 and 8.2 per cent in FY 2016-17, with support from healthy monsoon and new investments, as per the forecast by Asian Development Bank (ADB).
7-India’s foreign exchange reserves were US$ 353.5 billion in the week up to July 31, 2015, an increase of US$ 33.5 billion over the past one year.
8-Mutual Funds asset base of equity funds and Equity Linked Saving Scheme (ELSS) has increased to Rs 3.93 trillion (US$ 60 billion) in July 2015 from Rs 3.45 trillion (US$ 53.9 billion) compared to end of previous year.
9-The total Mergers and Acquisitions (M&A) transaction value for the month of May 2015 was US$ 3.3 billion involving a total of 115 transactions. In the M&A space, retail and consumer was the dominant sector amounting to 49 per cent of the total transaction value.
10-Foreign direct investment (FDI) inflows have increased 33 per cent this year to reach US$ 17.34 billion during January-May 2015, compared to same period last year.
11-India’s Wholesale Price Index (WPI) inflation rate remained negative at 4.05 per cent for the ninth consecutive month in July 2015 as against negative 2.4 per cent in the previous month, led by low crude oil prices.
12-The eight key infrastructure sectors grew by 3 per cent year-on-year in June, 2015 as against 4.4 per cent in May, 2015 with refinery products exhibiting the maximum growth of 7.5 per cent.
13-As per Society for Indian Automobiles Manufacturers (SIAM), in April-July 2015, overall automobile exports increased 8.6 per cent year-on-year. Passenger Vehicles, Commercial Vehicles,Three Wheelers and Two Wheelers reported increase of 2.94 per cent, 24.37 per cent, 28.96 per cent and 6.33 per cent respectively during the period.