India Now - page 10

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FEBRUARY-MARCH 2015
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INDIA
WATCH
Area
Population
Male
Female
Population Density
Urban Population
3,287,263 sq km
1.27 billion 655.8million 614.4million
421.4 per sq km
390.216million
Key performance
indicators
of the
Indian economy
with patterns,
trends and forecasts
Real GDP growth rate (at factor cost)
is projected to increase by 5.4 per
cent in 2014-15. The growth forecast
for agriculture & allied activities and
services will improve to 2.1 per cent
and 7.0 per cent respectively. The
industry growth forecast is revised
downward to 3.1 per cent from 3.4
per cent in the previous round.
t 3FBM (%1 HSPXUI SBUF GPSFDBTU GPS
2015-16 is placed at 6.5 per cent.
Mean Probability Pattern of Growth Forecast
Source: RBI survey of professional forecasters, 32nd Round
2014-15
2015-16
0.5
0.4
0.3
0.2
0.1
0.0
Probability
Growth Forecast Range (%)
5.0 to 5.4
5.5 to 5.9
6.0 to 6.4
6.5 to 6.9
4.5 to 4.9
Chart 1:
Year-on-Year Growth in IIP
Source: ICRA Analysis
Jan-14
Apr-14
Oct-14
Jul-14
12%
8%
4%
0%
-4%
-8%
Chart 2:
Year-on-Year Growth in Sectoral Indices
Source: ICRA Analysis
20%
16%
12%
8%
4%
0%
-4%
-8%
-12%
Mining
Manufacturing
Electricity
India’s Economic Outlook Projection
Source: RBI
Jul-11
Apr-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
7.0 to 7.4
Fiscal year
2011-12
(A)
2012-13
(A)
2013-14
(R)
2014-15
2015-16
GDP growth
6.2% 5% 4.7% 5.5%
(P)
6.5%
(P)
CPI
8.87% 9.5% 8.45% 8.3%
(Q4)(E)
6.6%
(Q1)(E)
A- Actual
R- Revised
E-Estimated
P- Projected
1,2,3,4,5,6,7,8,9 11,12,13,14,15,16,17,18,19,20,...68
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