สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 22 พฤษภาคม 2556
Barclays lowers India growth forecast to 6 pc for FY14
Brokerage firm Barclays Capital today lowered
Spending curbs by the government have generated further downside to the already weak growth momentum. Moreover, several other indicators (like industrial production, core industrial growth, PMI, vehicles sales, government spending) remained weak, even during the early months of 2013.
According to Barclays GDP growth remained weak in Q4 12-13 (January-March) at around 4.9 %, which points to FY 12-13 real GDP growth of 5 per cent.
(Sources: Economic Times, Indiatimes, Rediff News, Hindu Business Line, NDTV)
India's steel production grew by 3.5 % - nearly three times the global average growth of 1.2 % - in April to 6.62 million tonnes (MT).
The country's steel production grew by 3.8 % in January, while in February it dropped by 0.5 % over the year ago period. It improved again in March by 6.5 % in March.
Meanwhile, global steel production grew by 1.2 % in April to 132.11 MT compared to 130.50 MT a year ago.
(Sources: Economic Times, Indiatimes, News BCC, i4u,
UP government needs to do more to attract investments: Assocham
The Akhilesh Yadav led government in Uttar Pradesh has so far not been able to achieve desirable results on the investment front, industry body Assocham said today.
Uttar Pradesh has not been able to become the base of investments whereas the southern states are far ahead in this area, Assocham National Secretary General D S Rawat told reporters here.
"There have been some incidents during the Akhilesh Yadav government which have shaken the confidence of investors and there has not been improvement in the law and order situation," he said.
Investments in the state have improved only in the real estate, Rawat said, adding that as much as 25 % small and medium industrial units have closed down in the state, mainly due to power shortage.
Rawat said that state government would have to adopt policies which would improve investments especially in service and manufacturing sectors.
(Sources: Economic Times,
Coal
This financial year, growth in Coal India Limited (CIL)'s output is set to rise to a five-year high. The company, ready to hit the market with its mega $ 3.62 billion share sale later this year, would exceed the production target of 482 million tonnes (mt) for this financial year, against production of 452 mt in 2012-13, Coal Minister Sriprakash Jaiswal said today.
In 2013-14, CIL's growth would be more than 6.7 %. The last time growth exceeded 6 % was in 2009-10.
(Sources: Business Standard, NDTV, Economic Times, Indiatimes, Moneycontrol)
Concluding
On
Trade between
In 2012-13,
He also highlighted the need to expedite the process of creating the BCIM (
(Sources: Business Standard, Smart Investors, Financial Express, About
Industries in NCR forced to cut production due to outages: Survey
The unscheduled power cuts in
Acute power shortage in Delhi-NCR is expected to severely impact the small and medium enterprises (SME) sector. As a result of the power deficit, industrial production in states of
The association had sought feedback from units in states that have substantial industrial presence.
D S Rawat, secretary general of Assocham, said the power crisis will be a disaster for SME sector. The manufacturing sector is the largest provider of blue collar jobs. About six million people are employed in about 3,50,000 SMEs in the Delhi-NCR. With companies unable to put their machinery to optimum use, there could be a massive loss of employment, Rawat said.
(Sources: Economic Times, Times of
Economic Section
Royal Thai Embassy