Go Back

Facts About Indian Economy

Last updated: Sep, 2016

  • The Indian economy is expected to grow at 7.5 per cent in FY 2016-17, as per the forecast by the International Monetary Fund (IMF).
  • Foreign direct investment (FDI) inflows have increased 29 per cent during April 2015 – March 2016 to reach US$ 40 billion, as compared to same period last year.
  • India's foreign exchange reserves were US$ 367.16 billion in the week up to August 19, 2016, as compared to US$ 365.82 billion over the past week.
  • Mutual Funds asset base of equity funds and Equity Linked Saving Scheme (ELSS) increased to Rs 4.5 trillion (US$ 67.18 billion) at the end of July 2016. Net inflow during April-July 2016 stood at Rs 11,985 crore (US$ 1.79 billion). 
  • India’s Index of Industrial Production (IIP) rose to 2.1 per cent in June 2016, as compared to a growth of 1.1 per cent in May 2016.
  • The eight key infrastructure sectors grew at 3.2 per cent in July 2016 as against 5.2 per cent growth in June 2016, with refinery products sector exhibiting the maximum growth of 13.7 per cent.
  • India ranked second with 128 points in the June quarter in Nielsen’s global consumer confidence index. The country's confidence score was 134 in the three months ended March 2016, up by three index points from the last quarter.
  • Passenger vehicle sales in July 2016 grew by 9.62 per cent year-on-year to 177,604 units as compared with 2.68 per cent growth and 223,454 units in June 2016. According to Society of Indian Automobile Manufacturers (SIAM), domestic car sales for FY 2015-16 stood at 20,25,479 units as compared to 18,77,706 units in FY 2014-15. 
  • India's current account deficit narrowed to US$ 0.3 billion in January-March 2016 quarter, as against US$ 7.1 billion in October-December 2015 quarter. However, it was marginally lower than the US$ 0.7 billion deficit recorded in January-March 2015 quarter.
  • India’s Wholesale Price Index (WPI) inflation rate rose to 3.6 per cent in July 2016 as against 1.62 per cent in the previous month.
  • India’s Consumer Price Index (CPI) inflation rate rose to 6.07 per cent in July 2016 as compared to 5.77 per cent in June 2016.
  • There were a total of 44 Merger and Acquisition (M&A) deals worth US$ 4,083 million in July 2016.  
  • Total value of Private Equity (PE) investments during July 2016 stood at US$ 4.8 billion across 130 transactions as compared with 129 deals worth US$ 3.6 billion in June 2016.

x IBEF : India Brand Equity Foundation