India Statistics: Key Economic Statistics From Present-Day IndiaSeptember 20, 2011 3:20 am
We spotted quite a few economic statistics on present-day India. We had spotted some mobile and internet statistics on India before.
1. Inflation is at 9.78 Percent
2. Industrial Production is at 3.3 Percent
3. RBI has raised the repo rate, or the rate at which the RBI lends to commercial banks, by 25 basis points to 8.25%.
4. There have been 11 rate hikes in the last 18 months
5. On the contrary, the August inflation number shows inflation – measured by the wholesale price index (WPI) – at 9.78%, up from 8.87% recorded during the comparable quarter last year, and up from July 2011 as well
6. Wholesale price inflation has been hovering at close to double digits for more than 18 months now with inflation averaging 9.6% in 2010-11 compared to 5.3% per annum in the previous decade. Meanwhile, the average consumer price inflation, measured by the consumer price index for industrial workers (CPI-IW), was higher at 10.5% in 2010-11 compared to 5.9% per annum in the previous decade.
7. Growth has slowed to 7.7% in the first quarter, this is by no means a piffling number
8. Household savings in financial instruments dropped to a 13-year low of 9.7% of GDP in 2010-11. The last time they dipped below 10% was in 1997-98 when GDP growth fell to 4.3%.
9. In a country with over 30% of the population below the poverty line, when it comes to growth versus inflation, fighting inflation should win hands down. ”
Statistics Source: EconomicTimes