สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 13 กันยายน 2555
Organic farming can create 8 mn jobs in Odisha: Assocham
The Associated Chambers of Commerce and Industry of India (Assocham), an apex body of trade association, on Wednesday said that adoption of organic farming in Odisha can generate about eight million jobs in next five years.
According to the Assocham study titled - “Organic Odisha: Inching towards organic farming”, promotion of this farming process will generate six million jobs directly and two million jobs in packaging and processing etc.
The report claims that organic farming can lead to wealth accumulation of a whopping $ 4.16 billion and generate exports worth $ 108 million.
India’s organic exports currently stood at 0.2 % of the total global organic exports. Out of the total 135 products in organic product portfolio, India exports only 86 products.
(Sources: Business Standard, Hindu Business Line, Times of India, Indiatimes)
India to push exports via trade diplomacy
The government plans to step up trade diplomacy to push exports, a senior official told ET, adding that Commerce Secretary SR Rao will brief Indian heads of missions accordingly when they arrive in Delhi later this week.
Prime Minister Man Mohan Singh has called a meeting of heads of India's missions across the globe from September 14-16 and September 16 to discuss how the country is to be projected to the world.
(Sources: Economic Times, Indiatimes, i4u, Worldnews, Zeenews)
$ 933 billion infrastructure outlay projected during 12th Plan
The Planning Commission is aiming at a total outlay of $ 933 billion in the infrastructure sector during the 12th Plan (2012-17), short of the earlier projection of USD 1 trillion.
While the public investment in the infrastructure sector is expected to decrease to 53.32 % in the 12th Plan from about 62.47 % in the previous Plan, the share of private sector is projected to increase to 46.68 % from 37.53 %.
The average investment in infrastructure sector for the 12th Plan as a whole is likely to be about 9.14 % of the GDP as compared to 7.22 % during the previous Plan.
(Sources: Economic Times, Financial Express, NDTV, Worldnews, i4u)
Mahindra Reva to launch five electric cars
Two months ahead of the launch of a much-awaited next-gen electric car, Mahindra Reva Electric Vehicles Pvt Ltd is finalising an aggressive product road map to expand its business in India and foreign markets.
The Mahindra Group company, which is likely to launch its new electric car, the four-seater Reva NXR, during Diwali, has lined up five new models, including three from Mahindra platforms and two from Reva, for launch till 2016. The new car is packed with a host of world-first technology features. Reva is waiting for the government to launch the new national policy on electric vehicles.
(Sources: Business Standard, Reuters India, Zigwheels, Hindu Business Line, CNBC)
HSBC cuts India GDP forecast on lack of reforms
HSBC cut its economic growth forecasts for fiscal 2013 and 2014 for India citing "the lack of reform traction", a more "challenging" global economic backdrop, and expectations the Reserve Bank of India (RBI) will push back the timing for rate cuts.
HSBC said it expects India to grow 5.7 %in fiscal 2013, down from its previous forecast of 6.2 %, in a report dated on Thursday.
The bank also cut its gross domestic product forecast for fiscal 2014 to 6.9 % from 7.4 %.
(Sources: Economic Times, Livemint, Moneycontrol, Reuters India, CNBC)
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