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Indian Economy Overview

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Monthly Economic Report

January, 2014

The overall growth of Gross Domestic Product (GDP) at factor cost at constant prices is provisionally estimated at 5 per cent in 2012-13. The GDP growth rate is placed at 4.4 per cent and 4.8 per cent respectively in the first and second quarters of 2013-14. Growth in the first half of 2013-14 is, thus, 4.6 per cent.

Eight core infrastructure industries registered 1.7 per cent growth in November 2013. During April-November 2013, these sectors grew by 2.5 per cent.

Foreign Currency Assets stood at US$ 268.7 billion at end-December 2013 as compared to US$ 262.4 billion at end-December 2012.

Gross tax revenue for the FY14 (April-November) stood at Rs 597,049 crore (US$ 95.22 billion), registered a growth of 9.7 per cent over 2012-13.

During 2013-14 (up to December 27, 2013) Broad money (M3) increased by 10.1 per cent as compared to 9 per cent during the corresponding period of the last year. The year-on-year growth, as on December 27, 2013 was 14.9 per cent as compared to 11.2 per cent in the previous year.

Monthly Economic Report was released by the Ministry of Finance:

Monthly Economic Report: December 2013