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Indian Economy Overview

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Monthly Economic Report: March 2013

April, 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 0.6 per cent during February 2013. During April-February 2012-13, IIP growth was 0.9 per cent.

Foreign currency assets stood at US$ 260.8 billion at end March 2013 as compared to US$ 260.7 billion at end March 2012.

Gross tax revenue stood at Rs 812,616 crore (US$ 150.89 billion) during April-February 2012-13, registered a growth of 15.5 per cent year-on-year (y-o-y).

Broad money (M3) in the FY 2012-13 (up to March 22, 2013) increased by 13.6 per cent as compared to 13.2 per cent during the corresponding period of the last year.

Tax revenue (net to Centre) stood at Rs 571,932 crore (US$ 106.19 billion) during April-February 2012-13, registered a growth of 15.9 per cent.

Monthly Economic Report released by the Ministry of Finance:

Monthly Economic Report: March 2013