สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 11 กันยายน 2555
Indians disappointed with economy, Govt: Survey
As economy slows and the government is hammered by corruption scandals, Indians are increasingly dejected about the country's future, according to a survey released on Monday by the Pew Research Center.
India's economy grew a disappointing 5.5 % in the last quarter ending June, a sharp slowdown from the 8 % growth in the same period a year ago. The disappointing state of the economy reflects the complete disarray of the Congress party-led government, which has been embroiled in a host of corruption scandals. Opposition parties paralyzed Parliament in protest, leaving the government unable to act on economic issues. Crime, corruption and persistent electricity shortages were also seen as huge challenges.
(Sources: Economic Times, Indiatimes, Wall Street Journal, the Tribune, the Hindu)
Diesel, LPG, kerosene prices likely to be hiked today
The Cabinet Committee on Political Affairs (CCPA) may take decision to hike petrol, diesel, cooking gas and kerosene prices simultaneously in its scheduled meeting on 11 September 2012.
Diesel, domestic LPG and PDS kerosene rates have not been changed since June 2011 even though cost of production has soared 28 %.
Besides hike in diesel, cooking gas and kerosene prices, the Oil Ministry is also seeking to limit supply of subsidised LPG cylinders to 4-6 per household in a year.
(Sources: Financial Express, NDTV, IBNLive, Economic Times, Hindustan Times)
Industry business confidence slumps; sees slow, jobless growth: Ficci
India Inc's business confidence has fallen sharply and it foresees jobless, slow economic growth in the current fiscal, according to a survey by industry body Ficci.
Half the respondents in the survey believe that GDP growth could be less than 5.5 % in 2012-13. India's GDP growth was at 5.5 % in the April-June quarter.
Revealing a dull mood, the index of Ficci Business Confidence Survey in the first quarter of 2012-13 was at 51.8, sharply down from 60.3 in the fourth quarter of 2011-12.
(Sources: Economic Times, Indiatimes, Zeenews, NDTV, Worldnews)
Car sales fall 19% in August, Siam cuts growth forecast
Sluggish demand in the domestic market in the wake of high interest rates and fuel prices affected sales of vehicles across categories in August, prompting the industry to ask the government for a fresh stimulus package.
While passenger car sales declined 18.6 % — its sharpest drop in 10 months — to 118,142 units, motorcycles sales fell, for the first time in over three years, 8.5 %, to 766,127 units. Total sales of commercial vehicles in August rose 3.9 % to 66,767 units from 64,248 units in the year-ago period, Siam said. Siam has hinted it might further revise downwards growth projections for auto sales in the country.
(Sources: Economic Times, Business Standard, Indian Express, Hindu Business Line, i4u)
DMIC: Govt may ease borrowing rules soon
Japan, which has agreed to lend $4.5 billion to the ambitious Delhi-Mumbai Industrial Corridor project aimed at building industrial cities, has asked India to relax end use of external commercial borrowings for repayment of rupee loans and for working capital. This is currently barred by the central bank. It has also demanded easing restrictions on foreign currency borrowings from the head office or branch outside India, which will allow Japanese companies to bring in debt instead of equity into DMIC projects.
DMIC will run across six states—Uttar Pradesh, Haryana, Madhya Pradesh, Rajasthan, Gujarat and Maharashtra—and a majority of the projects in the corridor are envisaged to be implemented through public-private partnerships. It is billed as the largest infrastructure project in the world, with an estimated $90-100 billion required only to set up the infrastructure over the next 30 years.
(Sources: Livemint, Times of India, Indiatimes, i4u, Hindu Business Line)
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