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Indian Economy Overview

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Monthly Economic Report: February 2013

March, 2013

The overall growth of Gross Domestic Product (GDP) at factor cost at constant prices, as per advance estimates, is estimated at 5 per cent in 2012-13. The growth rate for the first three quarters of the current financial year stands at 5 per cent.

Overall growth in the Index of Industrial Production (IIP) was 2.4 per cent during January 2013 as compared to 1 per cent in January 2012. During April-January 2012-13, IIP growth was 1 per cent.

The eight core industries registered grew by 3.9 per cent in January 2013 as compared to growth of 2.2 per cent in January 2012. During April-January 2012-13, these sectors grew by 3.2 per cent.

Foreign currency assets stood at US$ 258.7 billion at end February 2013.

Gross tax revenue stood at Rs 746,555 crore (US$ 137.36 billion) during April-January 2012-13, registered a growth of 14.9 per cent year-on- year (y-o-y).

Broad money (M3) in the FY 2012-13 (up to February 22, 2013) increased by 10.8 per cent. The y-o-y growth, as on February 22, 2013 was 12.4 per cent.

Tax revenue (net to Centre) stood at Rs 527,822 crore (US$ 97.13 billion) during April-January 2012-13, registered a growth of 15.1 per cent.

Monthly Economic Report released by the Ministry of Finance:

Monthly Economic Report: February 2013