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Indian Economy 2010
RBI's Annual Monetary Policy: Central Revises Its Policy Rates And Reserve Ratio, Besides Policy Would Be Aggressive Amidst High Inflation Prospect.
Reserve Bank of India, on Apr 20, 2010 has revised its policy rates and reserve ratio by 25 bps. In response to the intimidating supply side factors, India's Inflation dynamic environment growth - as the domestic balance of risk shifts from economic slowdown to inflation, RBI decided to absorb liquidity from the market to control prices. Raising substantial amount of money for the central government and at the same time, curbing additional liquidity to control prices will be a biggest challenge for the Reserve Bank to manage borrowings of the government during 2010-11. Read more...
India Budget 2010
Rising Food Prices, Rising Public Debt, Expected Rise in Interest Rates. What would be the India Budget means to the Economy?
India's General Budget is announced on 26th of February, 2010 by the Indian Finance Minister Pranab Mukherjee. Galloping Indian Economy after the recent shock by the worst recession would be continue. Indian Government has announced the Financial Aid to the industries during the economic crisis in order to maintain the growth rate and to impede the risk of massive layoffs, however the decision of the government had two affect. To help the industry in a gloomy economic time perhaps the prime job of the government, however to finance the stimulus package, Government started borrowing from the market and resulted, the Public Debt has swelled to more than 50 per cent of the total GDP. What would be the India budget means to the common people and how does it going to impact the industry, when the economic repairment is underway? Click here
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Indian Economy 2010 Overview. Development in the Economy Subsequent To the Crisis.
Since March 2009, Global economies have shown a great recovery, in which some of the European economies bounced to the growth track and leading the recovery, but, how it going to impact the Indian Economy?
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Second Quarter Monetary Policy Review. RBI Leaves Policy Rates Unchanged.
Germany and France, the largest and second largest economy of the European Region respectively has emerged from the recession after four quarters, and the United States is somewhat shy to
come out of the recession and is expected to expand by the end of this year.
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Economy in 2010: Indian Economy To Grow 10 per cent By The Year 2012.
The acute phase of the global financial crisis has passed and the global economic
recovery is underway. Indian Finance Minister Pranab Mukherjee has announced the FY2010-11 Federal Budget, which VMW seeing it as a growth specific budget, helping states to achieve fiscal consolidation, better tax policies and budget management.
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Indian Economy at a Glance
• India's GDP Growth for the Fiscal 2009-10 estimated at 8.5 percent. Total GDP for the same fiscal estimated at $1.20 Trillion.
• Agriculture accounts for 17%, Services accounts for 52% and Manufacturing accounts for 31% of the total GDP.
• India's Unemployment rate is more than 9.1%.
• Total Exports from Apr '08 till Dec '08 at $131.13 Billion.
• Total Imports for the same period at $235.34 Billion.
• India's WPI Inflation at 9.9% for the month of Mar 2010 in compare to 9.89% for Feb, 2009.
“What's New”
Interest rates are expected to rise in the near days as the RBI is now starts focusing on the supply side inflation to contain it by tightening the money supply and raised CRR by 75 bps last month's third quarter monetary policy.
India's Foreign reserve assets (including Foreign Currency, Gold and SDR holdings) stood at $271.97 billion till the end of last week of May 2010 in compare to $273.36 billion week over week.
