สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 22 พฤศจิกายน 2555
Rice exports likely to decline in 2013: FAO
The fall in rice production in the current crop year in India against rising domestic demand is expected to affect exports of the key staple in 2013, the United Nations’ Food and Agriculture Organisation (FAO) has said.
The global body on the farm sector has pegged India’s rice production lower at 100 million tonnes (mt) in the 2012-13 crop year (July-June) from a record high of 104.32 mt in the 2011-12 crop year. FAO said the spurt in exports from India has helped it displace Thailand as the world’s largest rice exporter, with shipments expected to touch nine mt in 2012.
(Sources: Economic Times, Financial Express, Indian Express, Indiatimes, Business Standard)
DuPont sees $ 5-bn market
DuPont sees a $ 5 billion addressable market in India for a variety of businesses including agriculture biotechnology that it has been engaged in as compared with $ 900 million revenues the multinational company had generated last year from the Asia Pacific region.
India accounts for 80 % of the revenues coming from the Asia Pacific region, said Rejeev Vaidya , president - South Asia of Dupont, adding the company's business growth would be 2-3 times of the GDP of the respective countries in the region.
(Sources: Business Standard, Livemint, i4u, Moneycontrol, Zeenews, IBNLive)
Escorts aims to become top seller in big tractor segment
Escorts Group 's Escorts Agri Machinery , which stands a distant third in India's tractor market dominated by Mahindra, is aiming to become a top seller in the big tractor segment of 50 HP and above in three years, and thereby emerge as the most profitable player.
Escorts is eying a market share of 25 % (currently 10 %) that effectively gives a market leader position.
Escorts sold 63,000 units (from Oct 2011 to Sep 2012), with a 12 % share in the overall market of 525,000 units sold in the country annually. The big tractor segment has a 15 % market share of which Escorts sales account for just about 10 %.
(Sources: Hindu Business Line, Smart investor, Moneycontrol, i4u, Business Standard)
Auto sector likely to grow by 6-7% this fiscal: Tata Motors
Tata Motors today said it expects automotive industry to grow at 6-7 % rate this fiscal, against 9-10 % in the last fiscal.
In regards to Gujarat, the company said the total market size of UVs and SUVs in the state stood 19,000 units last year.
According to company estimates, the UV and SUV market in Gujarat is expected to be of around 2,000 units per month this year.
(Sources: Economic Times, Hindu Business Line, Indian Express, Business Standard)
Exports likely to fall below $ 300 billion this fiscal due to global demand slowdown
Exports are likely to slip below $ 300 billion-- far below the target of $ 360 billion set for the current financial year-- due to the global demand slowdown, impacting the economy.
An internal note of the Commerce Ministry pegs exports in 2012-13 at $ 291 billion.
Even if the global market conditions start improving dramatically from now, merchandise exports at best could be $ 300-320 billion, the note added.
India had recorded the highest ever export of $ 307 billion in the last fiscal.
The economic crisis in the US and Europe is hitting India's exports. Both these markets account for about one- third of the country's total shipments.
(Sources: Economic Times, Hindu Business Line, Indian Express, Business Standard)
Economic Section
Royal Thai Embassy