Indian Economy and Trends: January 2013


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Indian Economy and Trends: January 2013

IBEF: January 30, 2013

Gross domestic product (GDP) of India is expected to grow at 6 per cent in 2013-14. India's foreign exchange (Forex) reserves increased by US$ 39.6 million to touch US$ 296.57 billion for the week ended December 28, 2012. Foreign institutional investors (FII) inflows were at US$ 22 billion, the second highest since 1993. The HSBC Manufacturing Purchasing Managers' Index (PMI) touched a six-month high at 54.7 in December 2012 as compared to 53.7 in November 2012. In the first nine months of 2012, Indian firms raised around US$ 28 billion via external commercial borrowings (ECBs). The Reserve Bank of India (RBI) has relaxed ECB norms for infrastructure finance companies, allowing them to avail overseas borrowings up to 75 per cent of their net worth without its approval, an increase from 50 per cent earlier. Click Here to Download Size: 400 kb
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