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Facts About Indian Economy

  • The Indian economy is expected to grow at 7.3 per cent in FY 2016-17, as per the forecast by Morgan Stanley.
  • Foreign direct investment (FDI) inflows rose 30 per cent year-on-year to US$ 21.62 billion during April– September 2016.
  • India's foreign exchange reserves were US$ 365.5 billion in the week up to November 18, 2016, as compared to US$ 367.04 billion over the past week.
  • Mutual Funds asset base of equity funds and Equity Linked Saving Scheme (ELSS) increased to Rs 4.85 trillion (US$ 70.6 billion) at the end of October 2016, from Rs 4.68 trillion (US$ 68.2 billion) in September 2016-end. Net inflow into equity schemes during October 2016 stood at Rs 9,394 crore (US$ 1.4 billion). 
  • India’s Index of Industrial Production (IIP) grew by 0.7 per cent in September 2016 as compared to a growth of -0.7 per cent in August 2016, and 3.7 per cent growth in September 2015. IIP during April-September 2016 declined by 0.1 per cent compared to 4 per cent growth in the year-ago period
  • The eight key infrastructure sectors grew 5.0 per cent in September 2016 as against 3.2 per cent growth in August, with Steel sector exhibiting the maximum growth of 16.3 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 rose 5.0 per cent year-on-year to 278,000 units in October 2016, as compared with 19.9 per cent year-on-year to 278,428 units in September 2016. 
  • India's current account deficit stood at US$ 277 million in April-June quarter, as against US$ 0.3 billion in January-March 2016 quarter. However, it was quite lower than the US$ 2.0 billion deficit recorded in April-June 2015 quarter.
  • India’s Wholesale Price Index (WPI) inflation rate declined to 3.39 per cent in October 2016 as against 3.6 per cent in the previous month.
  • India’s Consumer Price Index (CPI) inflation rate declined to a 14-month low of 4.2 per cent in October 2016, as against 4.3 per cent in September 2016.
  • Total Merger and Acquisition (M&A) activity grew by 48 per cent year-on-year to 44 deals worth US$ 4.57 billion in October 2016. Total deal value during January-October 2016 stood at US$ 32.6 billion.
  • Total value of Private Equity (PE) investments rose 74 per cent year-on-year to US$ 1.82 billion in October 2016. PE investments during January-October 2016 stood at US$ 10.24 billion.