Monthly Economic report - 09/07
The Government clarified in a Press Note,
++ The overall growth of GDP during 2006-07 (as per the Revised Estimates of CSO) has been placed 9.4 per cent. Growth during the 1st Quarter 2007-08 has been estimated at 9.3 percent
++ The Post Monsoon Season rainfall from October 1, 2007 to October 10, 2007 was normal/excess in 35 per cent of meteorological sub-divisions.
++ Food grain stocks were 23.91 million tonnes as on June 1, 2007.
++ Overall industrial growth was 9.8 per cent during April-August, 2007-08 as compared with 11.0 per cent in April-August, 2006-07.
++ Core infrastructure sectors achieved an average growth rate of 6.6 per cent during April-August, 2007-08 as compared with 8.3 per cent in April-July, 2006-07.
++ Broad Money (M3) growth (year-on-year) was 21.0 per cent as of September, 2007 as compared with 19.0 per cent last year.
++ Exports grew by 18.4 per cent in dollar terms during April-August, 2007. Imports increased by 31.1 per cent in April-August, 2007.
++ Forex reserves (excluding Gold and SDRs) stood at $239.955 billion at the end of September, 2007.
++ Rupee appreciated against US Dollar and Japanese Yen and depreciated against Euro and Pound Sterling in September, 2007.
++ The annual inflation rate in terms of WPI (Base 1993-94=100) was 3.26 per cent for the week ended September 29, 2007 as compared with 6.32 per cent a year ago.
++ Tax revenue (net to Centre) during April-August, 2007-08 was higher by 22.0 per cent compared with corresponding period 2006-07.
++ In terms of value, Fiscal deficit during April-August, 2007-08 increased by 14.0 per cent over corresponding period last year.
++ In terms of value, Revenue deficit during April-August, 2007-08 was lower by 32.6 per cent over corresponding period last year.