The value of overall exports (merchandise and services) increased by 1.9 per cent while overall imports declined by 3.15 per cent over April-September 2019-20. India’s foreign exchange reserves stood at US$439.7 billion as on October 11, compared with US$428.6 billion as on September 20.
The survey encapsulates qualitative assessments of the business climate by companies in India’s manufacturing sector for Q2: 2019-20 and their expectations for Q3:2019-20. Responses were received from 481 companies in this round of the survey.
At the sectoral level, growth of agriculture, industry and services sectors is estimated at 2 per cent, 2.7 per cent and 6.9 per cent, respectively, in Q1 2019-20. Meanwhile, the Index of Industrial Production (IIP) growth during July 2019 was 4.3 per cent.
The growth of gross value added (GVA) at constant basic prices for the first quarter of 2019-20 is estimated at 4.9 per cent. At the sectoral level, growth of agriculture, industry and services sectors is estimated at 2 per cent, 2.7 per cent and 6.9 per cent, respectively, in Q1 2019-20.
India’s M&E industry continues to rack up impressive growth numbers, not only capturing the imagination of a billion Indians but also captivating global audiences. The M&E sector has entered an era of innovation and transformation as organisations seek to increase their relevance and appeal to both popular and more niche consumers. Traditional businesses – print, radio, broadcasting – are witnessing the greatest change with digital platform companies emerging as the primary disruptors. The biggest beneficiaries are the Indian consumers who have greater flexibility and choice in their M&E consumption, and have finally found their place at the centre of the entire ecosystem, as per an August 2019 study by KPMG.
During the year under review, the Ministry of External Affairs continued its pragmatic and outcome-oriented engagements, to enhance India’s security, uphold its territorial integrity, and, promoting and facilitating India’s economic transformation.
It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology, and skills, for accelerated economic growth. Foreign Direct Investment, as distinguished from portfolio investment, has the connotation of establishing a ‘lasting interest’ in an enterprise that is resident in an economy other than that of the investor.
India’s US$2.7-trillion economy, the fastest-growing major economy in the world, is estimated to have grown by 6.8 per cent during fiscal 2018-19 ending March 31. The nation had recorded an average gross domestic product (GDP) growth of 7.5 per cent over the past five fiscals.
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman made her maiden Budget Speech on July 5 and presented the Union Budget 2019-20 before the Parliament.
10-point Vision for the decade
Prime Minister Shri Narendra Modi has laid down the vision of India becoming a US$5 trillion economy by 2025 and has inspired every citizen to contribute his or her bit to this worthy cause. In his words, “If every one of the 130 crore Indians takes one step forward, the country too will go that many steps ahead.” By laying out the strategic blueprint for fructifying this vision, the Survey extends its absolute commitment to a collective endeavour: 130 crore Indians creating an inclusive India by 2022 when we, as a nation, complete 75 years of Independence.
At the sectoral level, growth of agriculture, industry and services sectors is estimated to be 2.9 per cent, 6.9 per cent and 7.5 per cent, respectively, in 2018-19. During April 2019, the Index of Industrial Production (IIP) grew by 3.4 per cent, and by 3.6 per cent during 2018-19.
India’s US$2.6-trillion economy, the fastest-growing major economy in the world, is estimated to have grown by 6.8 per cent during fiscal 2018-19 ending March 31. Meanwhile, the revised gross domestic product (GDP) growth rates, released by the Central Statistics Office for the years 2015-16, 2016-17 and 2017-18, have been set at 8 per cent, 8.2 per cent and 7.2 per cent, respectively.
The Indian automotive industry is seeing a significant transformation with respect to its sustainable growth and profitability. The industry is crucial for the economy as it accounts for 7.1% of the country’s Gross Domestic Product (GDP) and as per Automotive Mission Plan (AMP) 2016–26, its contribution is projected to increase to 12%. India is expected to emerge as the world’s third-largest passenger vehicle market by 2021.
India’s US$2.6 trillion economy, the fastest growing major economy in the world, is estimated to have grown by 7 per cent during fiscal 2018-19 ending March 31, compared with a growth of 7.2 per cent over fiscal 2017-18.
India’s US$2.6-trillion economy is estimated to grow by 7 per cent during fiscal 2018-19 ending March 31, 2019, compared with a growth of 7.2 per cent in fiscal 2017-18. Meanwhile, the average Gross Domestic Product (GDP) growth in the last five years has topped 7.5 per cent defining a new normal for the Indian economy