Saturday, June 4, 2016

India Economic Growth Story - GDP $20 Trillion from $2 Trillion



4 June 2016
Modi Sarkar - 2 Years







22 Jan 2016

Farm Assets Creation


The rural development ministry is planning to add 1 million farm ponds and wells and another million vermiposting farms under the programme in the next two years. The rural development ministry has utilised more tha 90% of the Rs. 75,000 crore is was allocated during 2015-16. It is expecting double in 2016-17.


5 January 2016


Each M.P. has to set a target of Rs. 10,000 crore investment in his constituency.
http://guide-india.blogspot.in/2016/01/role-of-mps-and-mlas-in-indias-economic.html

http://www.rediff.com/business/report/after-spike-in-q3-investments-to-fall-in-q4-as-projects-stall/20160105.htm

India on Rise - 27 Dec to 2 Jan 2016
http://www.hookmeon.com/2016/01/05/did-you-miss-what-progress-took-palce-in-india-last-week/


31 December 2015

HAPPY NEW YEAR GREETINGS FOR 2016


Modi Govt. Unveiled National Biotechnology Development Strategy 2015-2020 with the objective of achieving $100 billion by 2025. Thepresent industry size is $7 billion.

150 technology transfer organizations will come up in India as a part indigenous technology development mission.


15 Dec 2015


12th Plan Power Sector Target

In power, the 12th plan (2012-17) target is 1,18,537 MW that includes 88,537 MW conventional and 30,000 MW renewable. Till 31 October, the achievement is 70,480 MW conventional and 13,204 MW renewable. As there is a plan to install 10,000 MW solar power in 2016-17, the target is likely to be achieved.

Renault to ramp up production of small car Kwid to 8,000 to 10,000 units from current 5,000 to 6,000 per month. It is likely to sell 100,000 units in 2016.



11 Dec 2015

Rs. 1800 crore Smart City Plan by New Delhi Municipal Corporation (NDMC).

Samsumg aims to be No. 1 MNC in India by 2017.

Plan to Build 7,000 kms of National Highways under Bharatmala plan.

Make in India Week will be inaugurated by PM Narendra Modi on 13 February 2016 in Mumbai.

10 Dec 2015

India has third largest base of tech startups in the world with 4,100 enterprises. This number will increase manifold by 2020. Google India Head Rajan Anandan said.

In the first eight months of current fiscal Govt. collected Rs. 4.38 lakh crore as indirect tax revenue which is 67.8% of the estimate (Rs. 6.462 cr.). Shows economy is moving as per expectations.

9 December 2015

Paytm will put in place system to disburse small loans to 500 million Indians by 2020.

Homegrown mobile handset maker Hitech will assemble 4G handsets at its Kolkata facility from April 2016.

India's Media and Entertainment Business is $20 billion now. It will grow at the rate of 15% and double in 5 years.  India has second-highest number of internet users in the world.  Online advertising will reach $1 billion by 2016 while it is $23 billion in China.

Bharat Forge keeps revenue target for FY 18 at Rs. 7000 cr.




8 December 2015

Fitch rating agency maintains India Rating as BBB-.

Fitch Rating Forecasts 7.5% growth for 2015-16 and 8% for 2016-17.


http://economictimes.indiatimes.com/news/economy/indicators/fitch-retains-indias-rating-at-bbb-forecasts-7-5-growth/articleshow/50075333.cms

http://www.businesstoday.in/current/economy-politics/fitch-lowers-india-gdp-forecast-to-7.5percent-for-2015-16/story/224292.html


KPMG confident of India Growth Story. 

It projected 35% year on year growth for the next three years (2015-16 to 2017-8) and announced that it will increase manpower to 30,000 from the present 17,000.
http://economictimes.indiatimes.com/industry/services/consultancy-/-audit/kpmg-bets-big-on-india-growth-story-plans-to-expand-manpower/articleshow/50076393.cms

Indian Employers Hiring Expectations Highest in the World for Jan - March 2016 (Q1 2016)
http://economictimes.indiatimes.com/jobs/indian-employers-most-upbeat-on-hiring-in-q1-2016/articleshow/50083671.cms

Nexus Venture Partners becomes the first Indian venture capital firm to cross $1 billion in assets.

Chambal Fertilizers mandates HDFC and SBI to raise $500 mn loan.



5 Dec

GMR Infra raises $300 million through bonds from Kuwait Investment Authority.

Ground breaking ceremony for Adani Vizhinjam Transhipment Port.

India will grow at 8% in the fourth quarter of FY 2016 - NITI Ayog Vice Chairman Panagariya.


4 Dec 2015

IRFC to launch Rs 4.5 cr tax free bonds on 8 Dec 2015.

IT companies will hire 2.5 lakh persons this year.

24 November 2015

Tata Steel to raise $1.5 billion in global markets.

Indian companies mopped up 2 lakh crores in the first half of 2016 against 1.7 lakh crores during the same period last year.

e-lala Portal


Portal of Confederation of All India Traders (CAIT). 5.77 crore small businesses will be protected by this portal.

Bids invited for Rs. 12k crore T&D projects. Part of one lakh crore investment in power sector.


30 November 2015

GDP for the Quarter July - Sep 2015-16


GDP at constant (2011-12) prices in Q2 of 2015-16 is estimated at `27.57 lakh crore,
as against `25.66 lakh crore in Q2 of 2014-15, showing a growth rate of 7.4 percent.


GDP is derived by adding taxes on products net of subsidies on products to GVA at
basic prices. GDP at current prices in Q2 of 2015-16 is estimated at Rs.32.66 lakh crore, as
against `30.80 lakh crore in Q2 of 2014-15, showing a growth rate of 6.0 percent.


Private Final Consumption Expenditure

Private Final Consumption Expenditure (PFCE) at current prices is estimated at
`19.60 lakh crore in Q2 of 2015-16 as against `18.09 lakh crore in Q2 of 2014-15. At
constant (2011-12) prices, the PFCE is estimated at `15.41 lakh crore in Q2 of 2015-16 as
against `14.43 lakh crore in Q2 of 2014-15. In terms of GDP, the rates of PFCE at current
and constant (2011-2012) prices during Q2 of 2015-16 are estimated at 60.0 per cent and
55.9 per cent, respectively, as against the corresponding rates of 58.7 per cent and 56.2 per
cent, respectively in Q2 of 2014-15. Growth rates of Private Final Consumption Expenditure
at current and constant prices are estimated at 8.3 percent and 6.8 percent during Q2, 2015-
16 as compared to 13.6 percent and 7.1 percent respectively during Q2 2014-15.

Government Final Consumption Expenditure

Government Final Consumption Expenditure (GFCE) at current prices is estimated
at `4.52 lakh crore in Q2 of 2015-16 as against `4.23 lakh crore in Q2 of 2014-15. At
constant (2011-2012) prices, the GFCE is estimated at `3.56 lakh crore in Q2 of 2015-16
as against `3.38 lakh crore in Q2 of 2014-15. In terms of GDP, the rates of GFCE at
current and constant(2011-2012) prices during Q2 of 2015-16 are estimated at 13.8 per
cent and 12.9 per cent, respectively, as against the corresponding rate of 13.7 per cent and
13.2 percent each in Q2 of 2014-15. Growth rates of Government Final Consumption
Expenditure at current and constant prices are estimated at 6.9 percent and 5.2 percent
respectively during Q2, 2015-16 as compared to 15.6 percent and 8.9 percent respectively
during Q2 2014-15.

Gross Fixed Capital Formation  Q2 2015 - 16


Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs.9.24 lakh
crore in Q2 of 2015-16 as against `8.89 lakh crore in Q2 of 2014-15. At constant (2011-
2012) prices, the GFCF is estimated at `8.31 lakh crore in Q2 of 2015-16 as against `7.78
lakh crore in Q2 of 2014- 15. In terms of GDP, the rates of GFCF at current and constant
(2011-2012) prices during Q2 of 2015-16 are estimated at 28.3 per cent and 30.1 per cent,
respectively, as against the corresponding rates of 28.9 per cent and 30.3 per cent,
respectively in Q2 of 2014-15.
http://mospi.nic.in/Mospi_New/upload/nad_PR_30nov15.pdf

16 November 2015

According to IIM Calcutta and Academic  Foundation report, food processing industry is expected to grow annually by 11 percent per annum and reach USD 65.4 billion (about Rs. 4 lakh crores)  by 2018.

Food and grocery constitutes 31% of India consumption basket.

India's retail sector is USD 490 billion (Rest of the consumption may be services and government consumption). India's retail market is expected to grow to USD 865 billion by 2023. The modern retail sales may rise to 24% of that market from the present 8%.


Updated 4 June 2016, 22 Jan 2016

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