India shining
As per the Quick Estimates released by the Central Statistical Organisation, the economic growth is estimated at 9.0 per cent. The overall growth of GDP during 2006-07 (as per the Advance Estimates of CSO) has been placed 9.2 per cent. At disaggregated level the growth during 2006-07 was 2.7 per cent in Agriculture, 10.0 per cent in Industry and 11.2 per cent in Services as compared 6.0 per cent, 9.6 per cent and 9.8 per cent respectively during 2005-06.
++ The overall growth of GDP during 2006-07 (as per the Advance Estimates of CSO) has been placed 9.2 per cent.
++ Food grain stocks were 17.65 million tonnes as on December 1, 2006.
++ Overall industrial growth was 10.8 per cent during April-December, 2006 as compared with 8.0 per cent in April-December, 2005.
++ Core infrastructure sectors achieved an average growth rate of 8.3 per cent during April-December, 2006 as compared with 5.5 per cent in April-December, 2005.
++ Exports grew by 36.27 per cent in dollar terms during April-December, 2006. Imports increased by 36.30 per cent in April-December, 2006.
++ Forex reserves (excluding Gold and SDRs) stood at $173.08 billion at the end of January, 2007. [This is a whopping 8 Lakh Crores of rupees]
++ Rupee appreciated against US Dollar, Pound Sterling, Japanese Yen and Euro in January, 2007.
++ Tax revenue (net to Centre) during April-December, 2006 was higher by 37.6 per cent compared with an increase of 19.4 per cent in corresponding period last year.
++ In terms of value, Fiscal deficit during April-December, 2006 was lower by 12.4 per cent over corresponding period last year.
++ In terms of value, Revenue deficit during April-December, 2006 was lower by 16.2 per cent over corresponding period last year.