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Indian Economy Overview

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Monthly Economic Report: January 2013

February, 2013

The overall growth of gross domestic product (GDP) at factor cost at constant prices, as per Revised Estimates, is estimated at 5.0 per cent in 2012-13. The growth rate for the first half (H1) of the current financial year stands at 5.4 per cent.

The eight core infrastructure industries grew by 2.6 per cent in December 2012. During April-December 2012, these sectors grew by 3.3 per cent.

Foreign Currency Assets stood at US$ 262.5 billion in the end of January 2013 as compared to US$ 259.2 billion in the end of January 2012.

Gross tax revenue stood at Rs 681,345 crore (US$ 126.18 billion) during April-December 2012, registered a growth of 15.0 per cent as compared to the corresponding period in the previous year.

Broad money (M3) for 2012-13 (up to January 25, 2013) increased by 10.1 per cent. The year-on-year growth, as on January 25, 2013 was 12.7 per cent.

Tax revenue (net to Centre) stood at Rs 484,156 crore (US$ 89.68 billion) during April-December 2012 registering a growth of 15.2 per cent.

Monthly Economic Report released by the Ministry of Finance:

Monthly Economic Report: January 2013