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Upswing In Air Travel 6th July 2009

Number of passengers carried by India’s domestic airlines went up by about 19% in May 2009 with 3.93 million passengers flying, compared with 3.31 million passengers in the previous month
The load factor of all the airlines improved to 78.3% in May 2009 from 69.8% in April 2009
Kingfisher Airlines, India's largest private sector airline and its no-frill arm Kingfisher Red led the way flying 1.0 million passengers in May 2009 compared with 0.86 million a month earlier
Jet Airways, the second largest private sector airline carried 64,000 more passengers at 0.62 million
Air India’s, the national flag carrier airline of India, number of domestic passengers grew by 0.11 million to 0.69 million

Foreign tourists check-in 6th June 2009

Foreign tourist arrival in India during April 2009 at 0.37 million compared with 0.38 million in April 2008
Foreign exchange earnings (FEEs) from tourists up 7.6% in April 2009

Stimulus From Public-Private Partnership (PPP) Projects 16th May 2009

PPP projects in the fields of roads, real estate, power, ports and transport etc. expected to provide a $40 billion (Rs. 2,000-billion) stimulus for the Indian economy.
Ongoing PPP projects valued at $26.7 billion (Rs. 1,336 billion).
Top five infrastructure sectors - roads, real-estate, power, ports and transport – are estimated to contribute more than 83% of the total outlay.

India Attractive Destination For Global Publishers 16th May 2009

India is the largest English language book market after the U.S. and the U.K.
Indian book market estimated at $1.82 billion (£1.25 billion or Rs.92 billion).
English books contribute about half of the Indian book market.
The U.S. market worth an estimated $24.3 billion in 2008.
British book market estimated at about $4.4 billion (£3 billion or Rs.220 billion).

Foreign Direct Investment Inflow Strengthens Again 16th Apr 2009

Foreign Direct Investment (FDI) inflow in to India went up by 54.8% at $2.74 billion in January 2009 against $1.77 billion for the same month previous year.
During April-September 2008, FDI inflow stood at $17.2 billion, which is 137% higher than the same period in the previous financial year.
During the first 10 months of the fiscal year 2008-09, FDI has gone up 66% at $23.94 billion.
In contrast, FDI in China continued to drop in January 2009 with a decline of 32.7% year-on-year.

No Slowdown For The Indian Railways 16th Apr 2009

During April 2008 - February 2009, Indian Railways’ total earnings reached to $14.4 billion (Rs.71,765.77 crore) with an increase of more than 12% from $12.8 billion (Rs.64067.52) crore during the same period a year ago.
The total goods earnings have gone up to $9.8 billion (Rs.48800.85) crore with an increase of 12.75% from $8.7 billion (Rs.43,283.39 crore).
Total passenger revenue rose 11% to $4.0 billion (Rs.19,906.81 crore) as compared to $3.6 billion (Rs.17,934.08) crore during the same period previous year.
Number of passengers during April 2008 - February 2009 was reported at 6,485 million, up 6.32% from 6,099.25 million in the same period last year.

Indian Steel Market Bucks The Global Downtrend 16th Apr 2009

Steel output in India increased by 2.8% to 4.74 million tonnes in February 2009 compared with 4.61 million tonnes in the same month last year.
In comparison, the global steel output has dropped by 22% at 84 million tonnes in February 2009.
Steel Authority of India Ltd (SAIL), Tata Steel, Jindal South West (JSW) group and Essar Steel, the four leading steel producing companies of India, have resumed normal production with full capacity. These companies had reduced their output by up to 40% in October 2008 due to lower demand.
SAIL, the largest steel producer in India, has posted 9% growth in its sales to 1.17 million tonnes from a year ago.
Tata Steel has posted a 47% increase in its sales in India in February 2009 compared with the same month last year.

Direct Tax Collections 16th Apr 2009

India’s direct tax collections have increased by 11.3% to $51.7 billion (Rs.2.58 trillion) during April 2008 - February 2009.
Corporate tax collections rose by 16.8% to $32.5 billion (Rs.1.62 trillion) in this period.
The total income tax paid by individuals went up by 9.6% to $19.2 billion (Rs.959.3 billion).

February Fiesta: Indian Automakers Beat The Global Slump 20th Mar 2009

Automobile sales grew by more than 12% to about 836,000 units in February 2009 against 740,000 units in the same month last year.
Domestic passenger car sales went up by 21.8% in February 2009 to 115,386 units, from 94,757 units in February 2008.
Exports of passenger cars grew by 31.3% to 26,063 units from 19,848
Maruti Suzuki India Ltd, the largest carmaker of the country, sold total 70,625 units in February 2009, up 19% compared with the same month last year.
Total two-wheeler sales in February 2009 increased by 16.2% to 630,849 units compared with 542,757 units in the same month last year.
Motorcycles sales have gone up by 15.6% to 491,462 units, against 425,089 units in February 2008.
The world’s largest motorcycles manufacturer Hero Honda sold 329,055 units during the period against 265,431 units sold in the same month last year.
Commercial vehicle sales during the month decreased by 31.7% to 31,069 units, from 45,478 units during the year-ago period.

India’s Gems & Jewellery Exports 20th Mar 2009

In the April 2008-January 2009 period, India’s gems and jewellery exports in rupee terms rose by 7.05% to Rs.72,530 crore against Rs. 67,755 crore in the same period last fiscal.
In dollar terms, the gems & jewellery exports declined by 2.29% to $16.39 billion in April-January 2009 from $16.77 billion in the same period last fiscal. The difference in rupee and dollar terms are due to the exchange rates, which averaged at Rs.44.26 to a dollar in the first 10 months of fiscal year 2008-09 against Rs.40.40 per dollar in the April-January 2007-08.
During the period, the export of cut and polished diamond rose by 6.43% to Rs 48,775 crore. It was recorded Rs 45,827 crore in the same period last year.
Rough diamond’s export, in the April-January 2009 period, from India grew by a robust 67.1% to Rs 2,958 crore against Rs 1,770 crore in the corresponding period last fiscal.
County’s coloured gemstone’s export rose by 13.16% to Rs 1,023 crore in the April-January 2009 period.
Import of cut and polished diamond increased by 53.88% to Rs 26,252 crore. It was Rs 17,059 crore in the same period last fiscal.
During April-January 2009, gold bars import rose by 22.08% to Rs 9,203 crore as against Rs 7,538 crore in the corresponding period last year.

No Slowdown In Cement Despatches 20th Mar 2009

The total production of Indian cement industry stood at 15.96 million tonnes in February 2009, up 8.35% from 14.73 million tonnes in February 2008.
The total despatches by Indian cement industry grew by 8.39% at 16.02 million tonnes in February 2009 compared with 14.78 million tonnes in February 2008.
Cement shipments of Aditya Birla Group, one of India’s leading diversified conglomerates which includes group companies Grasim Industries and UltraTech Cement, rose 10.1% in February 2009 to 2.92 million tones from the same month last year.
Production by Ambuja Cements, a Holcim Group company, Switzerland based one of the world's leading suppliers of cement and aggregates grew up by 12% to 1.61 million tonnes. It had produced 1.44 million tonnes in the same period last year. The cement dispatches increased by 11% to 1.65 million tonnes against 1.48 million tonnes.
In February, the production of India’s largest manufacturer of cement ACC Ltd. increased by 3% to 1.74 million tonnes against 1.69 million tonnes in February last year. Dispatches by the company rose by 3.5% to 1.75 million tonnes.
India’s cement production in 2009-10 is projected to grow by 8.1%.

Rise In Per Capita Income 26th Feb 2009

For financial year 2008-09, per capita income (measured at current prices) of India is likely to grow by 14.4% at $762.5 (Rs. 38,084).
Per capita income was $666.5 (Rs.33,283) for 2007-08 against $334 (Rs. 16,688) in 2000-01.
Per capita income (at constant prices) is likely to grow at a rate of 5.6% to $514 (Rs. 25,661) compared to $486.5 (Rs. 24,295) last year.

Insurance Sector Growing At A Healthy Pace 26th Feb 2009

During April-December 2008, premium income (new business + renewal) of India's life insurance industry has increased at the rate of 16% to $26.31 billion (Rs.1314 billion), compared with $22.63 billion (Rs. 1130 billion) during the corresponding period of year 2007.
Life Insurance Corporate of India, the state owned largest life insurance company of the country, has recruited about 200,000 insurance agents across the country during the current financial year.
LIC plans to recruit 1.1 million more agents by March 2011 to double its field workforce.

Government-Owned Banks On Hiring Spree 26th Feb 2009

State Bank of India (SBI), India’s largest state owned bank, has plans to hire close to 30,000 employees for itself and its seven associate banks in one year.
At least 40,000 employees have been hired by the public sector undertaking (PSU) banks in the current financial year.

Highlights From The Interim Budget 2009-10 26th Feb 2009

A healthy 7.1% rate of Gross Domestic Product (GDP) growth expected in 2008-09, making India the second fastest growing economy in the world.
The Government of India accorded approval for 37 infrastructure projects worth $14.4 billion (Rs.70000 crore) from August 2008 to January 2009 alone.
Under the Public Private Partnership (PPP) mode, 54 Central Sector infrastructure projects with a total project cost of $14 billion (Rs.67700 crore) have been given in-principle or final approval by the PPP Appraisal Committee in 2008-09.
23 projects amounting to $5.75 (Rs.27900 crore) have been approved for viability gap funding in 2008-09.
During 2007-08, India received a record $32.4 billion of foreign direct investment (FDI).
Inward FDI flows during April-November 2008 were $23.3 billion, representing a growth of 45% over the same period in 2007, despite the global financial crisis. The annual growth rate, however, will be lower because the latest figures show a slowdown.

FIIs Continue To Join The Indian Markets 26th Feb 2009

45 new Foreign Institutional Investors (FIIs) got registered with the Securities and Exchange Board of India (SEBI), India’s stock market regulator in January 2009.
454 new FIIs registered with the SEBI in 2008.
The total number of FIIs registered with SEBI: 1,622 as on 15th February 2009.

India’s Economic Indicators from the Mid Year Review presented in the Indian Parliament 21st Jan 2009

India’s Gross Domestic Product (GDP) growth rate in the first half of the current financial year 2008-09: 7.8%.
- Down from the 9.3% growth in the corresponding period last year, but much better than the U.S., Europe and most of the emerging markets
GDP growth for the full year 2008-09 expected to be about 7.5%.
In the first six months of the current financial year (April-September 2008), gross tax revenue increased by 25.3% over the corresponding period last year.

Services Sector to help the overall economy 21st Jan 2009

During April-November 2008, 12 out of the 31 segments of Services Sector recorded ‘high’ to ‘excellent’ growth between 10% to more than 20%.

	Number of sectors Performance during April – Nov 2008	Number of sectors Performance during 2007-08
Excellent growth – More than 20%	3	12
High growth – 10% to 20%	9	14
Moderate growth – 0% to 10%	13	4
Negative growth	6	1

The number of mobile phone subscribers grew by 50% during April-November 2008, compared with the growth of 58% in 2007-08 (full fiscal year).
The number of internet subscribers grew by 26% during April-November 2008, against a growth of 20% in 2007-08.
Exchange earnings from foreign tourists grew by 16.5% in the first eight-months of 2008-09, compared with 14% growth in 2007-08.
Housing Finance maintained its 12% growth during April-November 2008, the same growth rate that was registered in 2007-08.
The growth rate of IT/Software/Software Services declined from 33% in 2007-08 to 15% in April-November 2008.
The growth rate of Organised Retail Trade halved to 15% in the same period.
Construction sector grew by 8% in April-November 2008, compared with 9% in 2007-08.
Services Sector contributed to 62.91% of India’s GDP, while Manufacturing and Agriculture sectors contribute 19.5% and 17.8% respectively in the fiscal year 2007-08.
Services Sector grew by 10.7% in 2007-08, compared with 8.8% growth in Manufacturing and 4.5% growth in Agriculture during the same period.

Foreign direct investment (FDI) inflow in 2006-07 21st Jan 2009

Foreign Direct Investment (FDI) inflows during April-October 2008 stood at $18.7 billion.
FDI Inflows drop by 26% in October 2008 compared with the same month last year.
During the fiscal year 2008-09, FDI inflows are estimated to touch $35 billion.

Inflation Update 21st Jan 2009

India has started the year 2009 with a benign inflation.
Rate of inflation has touched 11-month low of 5.24% for the week ended 3rd January, the first week of the calendar year 2009.
Inflation rate had touched a high of 12.91% in August 2008.

India’s Agricultural Output 21st Jan 2009

India’s Union Minister for Food and Agriculture, Mr. Sharad Pawar has said that the country is likely to have a high growth food-grain production this year, breaching last year's record.
India produced record 230.67 million tons of food-grain in 2007-08 against 217.28 million tons for 2006-07.
Output of rice touched 96.43 million tons in 2007-08 against 92.76 million tons in the previous year.
Wheat output was 78.40 million tons in 2007-08 an increase of about three million tons from 2006-07 when it was 75.81 million tons.
Output of oilseeds had reached 28.82 million tons in 2007-08 as against 23.3 million tons produced during 2006-07.
Output of pulses was 15.11 million tons during 2007-2008 against 14.11 million tons in the previous year.

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