Just In: Advance GDP At 6.9% For FY 2011-12 (07-Feb-2012)
The growth in GDP at factor cost during 2011-12, at 2004-05 prices, is estimated at 6.9 percent as compared to the growth rate of 8.4 percent in 2010-11. The 'agriculture, forestry and fishing' sector has shown a sharp decline in growth rate as it expanded merely by 2.5 percent in its GDP during 2011-12, as against the growth rate of corresponding period last year of 7.0 percent. In addition, there was contraction of 2.2 percent during 2011-12 in mining and quarrying sector growth.
The GDP in manufacturing sector is estimated at 3.9 percent during 2011-12 which is also consistent with the growth in IIP Index of manufacturing registering growth rates of 4.1 per cent during April-Nov, 2011-12. GDP in electricity sector is estimated at 8.3 percent during 2011-12. The construction industry is estimated to grow by 4.8 percent in 2011-12. The key indicators of construction sector, namely, production of cement registered growth rate of 5.3 percent and consumption of finished steel registered growth rate of 4.4 percent, during April-Dec, 2011-12.
The GDP growth in trade, hotels, transport and communication sector during 2011-12 is estimated at 11.2 percent. Financing, real estate and business services is estimated to grow 9.1 percent. Community, social and personal services is estimated to grow 5.9 percent. The growth in GDP at market prices during 2011-12 is estimated at 7.5 percent as compared to the growth rate of 9.6 percent in 2010-11. Private final consumption expenditure is estimated to show a growth rate of 6.5 percent. Gross Fixed Capital Formation, which is an important indicator of investment in the economy is estimated to grow by 5.6 percent.
Top News Today
 National Thermal Power Corporation (NTPC) will be signing the fuel supply agreements' (FSA) with Coal India for 4,300 megawatts on 2009 terms. In these FSAs companies have change trigger level, which has
 After cellular market leader Bharti Airtel launched its 4G services, now Reliance Industries is reportedly gearing up to launch the services soon and has accordingly partnered with Himachal Futuristic
 Wipro's IT, consulting and outsourcing business Wipro Technologies is likely to introduce India Gateway internship programme for UK university students in July 2012. This internship program consists of
|
International Stock News
 US markets got a good bounce back on Monday with all major indices gaining more than 1%, it was one of the best session of the month. There was some M&A activity along with report that Chinese government
 US markets declined further on Friday, making it the worst week for the markets in 2012, as the most awaited Facebook (FB) IPO was only able to muster a slight gain in its public debut, while the eurozone
 Thursday proved another bad day for the US markets with major indices losing over one to two percent as eurozone debt contagion worries continued, coupled with disappointing economy news. A read on manufacturing
|
|
|