สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 12 พฤศจิกายน 2555
50 power stations face critical coal shortage: CEA
More than 50 thermal power stations in the country are facing acute fuel shortage with less than a week's stock available with them, according to the Central Electricity Authority data.
As many as 52 power stations have critical coal stock position -- stocks that would last less than seven days, the latest CEA data showed.
Of these, 35 coal-based plants have fuel stocks for less than four days, CEA said, adding that there are 24 projects which have received less coal from Coal India Ltd (CIL) and its subsidiaries.
The situation has worsened from last month when 47 power stations suffered critical scarcity of fuel stocks.
(Sources: Economic Times, Indiatimes, Financial Express, Times of India, PTI)
Industrial output likely to drop 25% during November: Assocham survey
India Inc. may register a significant drop in productivity during November 2012 as one in five employees plan to take off or reduce working hours during Diwali pre or post celebrations, according to a random survey.
The Associated Chambers of Commerce and Industry of India’s (Assocham) survey on “Productivity Slump During Diwali week” reveals that the impact of the Diwali festivals will hurt the industrial output by 25 % because fewer employees are available for work during the Diwali month and the productivity has come down from 8 hours to 4 hours during the festive week.
(Sources: Business Standard, Moneycontrol, NDTV, Zeenews, IBNLIve, i4u)
CFOs see growth below 6% in FY14: Survey
The country’s growth in 2013-14 would be less than six per cent, said 67 % of the chief financial officers (CFOs) of leading industrial houses who took part in a survey.
While being “cautiously optimistic” about the country’s economic growth, they said corruption and bureaucracy are among the “big concerns” of the industry.
In a survey of 32 CFOs, conducted by the Confederation of Indian Industry and McKinsey & Co, a little over 50 % of the respondents said the Euro zone crisis, followed by slowdown in the US and increasing oil prices are expected to create the biggest impact on the Indian economy in the next financial year.
(Sources: Business Standard, Economic Times, Indiatimes, Times of India, i4u)
Hyundai's focus on quality risks market share
Running around the clock and selling everything it can build, HYUNDAI Motor's Indian factory is bursting at the seams. But as demand grows and rivals scale up, the car maker has chosen to take its foot off the pedal.
Hyundai's strategic decision to focus on quality over quantity, even as its production lines are stretched in India and elsewhere, risks losing hard-won market share and is forcing it to divert output from its plant outside CHENNAI away from exports to other high-growth markets to meet domestic demand.
(Sources: Reuters India, Economic Times, Indiatimes, Times of India, Business Standard, i4u)
India to grow fastest till 2060; Indians to remain at bottom
Indian economy is set to expand at the world's fastest rate over the next 50 years to emerge as a major force globally, but it would still rank as the second worst in terms of prosperity of its citizens.
Over the 50-year period between 2011 to 2060, India will register an annual economic growth rate of 4.9 per cent, as per a latest report by Paris-based international grouping of the world's leading economies, the Organisation for Economic Cooperation and Development (OECD).
India's per-person GDP (measure of well-being of a country's citizens) will also grow more than 7-fold during this period, but the country will still rank at second place from the bottom by 2060 in absolute terms, said the report.
(Sources: Economic Times, Indiatimes, Hindu Business Line, Hindustan Times, i4u)
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