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Facts About Indian Economy

  • The Indian economy is expected to grow at 7 per cent in FY 2016-17, as per the revised forecast by World Bank.
  • Foreign direct investment (FDI) inflows rose 27 per cent year-on-year to US$ 27.82 billion during April– October 2016.
  • India's foreign exchange reserves were US$ 360.775 billion in the week up to January 20, 2017, as compared to US$ 359.84 billion over the past week.
  • Mutual Funds asset base of equity funds and Equity Linked Saving Scheme (ELSS) stood at Rs 4.7 trillion (US$ 69.07 billion) at the end of December 2016, as against Rs 4.68 trillion (US$ 68.6 billion) at the end of November 2016.
  • India’s Index of Industrial Production (IIP) grew by 5.7 per cent in November 2016, as against 1.8 per cent decline in October 2016, and 3.4 per cent decline in November 2015. IIP during April-October 2016 declined by 0.3 per cent compared to 4.8 per cent growth in the year-ago period
  • The eight key infrastructure sectors rose to a six-month high of 4.9 per cent in November 2016 as against 6.6 per cent growth in October 2016, with Electricity sector exhibiting the maximum growth of 10.2 per cent. The cumulative growth during April-November 2016 increased by 4.9 per cent.
  • India has moved up five index points to 133 in July-September 2016 quarter in Nielsen’s global consumer confidence index. The country's confidence score was 128 in April-June 2016 quarter, and 134 in January-March 2016 quarter.
  • Passenger vehicle sales declined 8.14 per cent year-on-year to 1,58,617 units in December 2016, as compared with 1.82 per cent year-on-year growth to 240,979 units in November 2016.
  • India's current account deficit is expected to be around 1.3 per cent of gross domestic product in 2017 as against a deficit of 0.8 per cent in 2016. The CAD in December 2016 stood at USD 10.4 billion, in comparison to a 16-month high of US$ 13 billion in November 2016.
  • India’s Wholesale Price Index (WPI) inflation rate rose to 3.39 per cent in December 2016 as against 3.15 per cent in November 2016.
  • India’s Consumer Price Index (CPI) inflation rate declined to 3.40 per cent in December 2016, as against 3.6 per cent in November 2016.
  • Total Merger and Acquisition (M&A) activity witnessed a huge boost of 75 per cent year-on-year to 516 deals worth US$ 48.5 billion in 2016. 
  • Total value of Private Equity (PE)/venture capital (VC) investments declined by 12 per cent year-on-year to US$ 14 billion in 2016.