Facts About Indian Economy

Facts About Indian Economy 

Last updated: March, 2017

• The Indian economy is expected to grow at 7.6 per cent in FY 2017-18, as per the forecast by The World Bank.
• Foreign direct investment (FDI) inflows rose 22 per cent year-on-year to US$ 35.84 billion during April– December 2016.
• India's foreign exchange reserves were US$ 367.93 billion in the week up to March 24, 2017, as compared to US$ 366.78 billion over the past week.
• Mutual Funds asset base reached an all-time high of Rs 17.9 trillion (US$ 276.11 billion) at the end of February 2017, as against Rs 17.37 trillion (US$ 267.93 billion) at the end of January 2017.
• India’s Index of Industrial Production (IIP) rose 2.7 per cent in January 2017, as against a decline of 0.1 per cent in December 2016. The cumulative IIP growth for April-January 2016-17 was 0.6 per cent as against 2.7 per cent growth for the same period in 2015-16.
• The eight key infrastructure sectors rose 1 per cent in February 2017 as against 3.4 per cent in January 2017, with steel sector exhibiting the maximum growth of 8.7 per cent. The cumulative growth during April-February 2016-17 increased by 4.4 per cent.
• India has moved up three index points to 136 in October-December 2016 quarter in Nielsen’s global consumer confidence index. The country's confidence score was 133 in July-September 2016 quarter, and 128 in April-June 2016 quarter.
• Passenger vehicle sales rose 9 per cent year-on-year to 255,359 units in February 2017, as compared with 14 per cent year-on-year growth to 265,320 units in January 2017.
• India's current account deficit (CAD) is expected to be around 0.7 per cent of gross domestic product (GDP) in 2016-17, as against a deficit of 1.1 per cent in 2015-16. The CAD in December 2016 stood at US$ 10.4 billion, in comparison to a 16-month high of US$ 13 billion in November 2016.
• India’s Wholesale Price Index (WPI) inflation rate rose to 6.5 per cent in February 2017 as against 5.2 per cent in January 2017.
• India’s Consumer Price Index (CPI) inflation rate increased to 3.65 per cent in February 2017, as against a decline of 3.17 per cent in January 2017.
• Total Merger and Acquisition (M&A) activity declined 43 per cent in volume terms to 75 deals worth US$ 2 billion in February 2017. 
• Total value of Private Equity (PE)/venture capital (VC) investments declined by 70 per cent year-on-year to US$ 343 million in February 2017. 

 Source:IBEF