สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 1 ตุลาคม 2555
Manufacturing PMI steady at 52.8 in Sept
India's manufacturing activity growth in September held steady compared with August, supported by a pick up in export orders and output, a business survey showed on Monday, but an increase in inventories could hurt growth in the future.
The HSBC manufacturing purchasing managers' index (PMI), which gauges the business activity of India's factories but not its utilities, held steady at 52.8 in September from 52.8 in August, which was a nine-month low.
(Sources: Reuters India, Economic Times, Indiatimes, Livemint, Moneycontrol, Business Time)
August exports down 9.7 pct y/y – Govt
India's annual exports fell 9.7 % to $22.3 billion in August, while imports fell about 5.1 % to $38 billion, leaving a trade deficit of $15.6 billion, government data showed on Monday.
India's overseas sales have fallen from year-ago levels in five of the past six months, with trade officials blaming weak demand in major export destinations like the United States and Europe.
Exports between April and August were $120 billion, the data showed. Oil imports for the month were up 2.96 % at $12.88 billion.
(Sources: Reuters India, Business Standard, Moneycontrol, i4u, WSJ)
FII inflows expected to be stronger in H2 FY 13 at $11.2 billion
FII inflows are expected to get stronger in the second half of this fiscal at $11.2 billion on account of leading FIIs started looking at India as a good long-term investment destination, Centre for Monitoring Indian Economy (CMIE) said in its monthly review. The FDI inflows during the year are also expected to remain healthy at $20.8 billion.
(Sources: Economic Times, Zeenews, Indiatimes, NDTV, i4u)
Assam to invest $ 38 million in agriculture sector
With Assam's farmlands facing the onslaught of recurring floods, the state government plans to pump in $ 38 million to revitalise agriculture sector.
Crops including rice, jute and vegetables have suffered during the flooding. The government has decided to provide seeds, power tillers and tractors subsidising the cost by at least 50%. Under this scheme, 11, 83,000 people will be benefited.
(Sources: Economic Times, Indiatimes, Moneycontrol, Business Standard, Zeenews)
Oil demand to grow 5.2 % on poor rains, power shortages: CMIE
The ongoing issues in the power sector, which is badly hit by coal and gas shortages, coupled with poor monsoons in some states, will increase the demand for oil products, which is set to increase to 5.2 % this fiscal from 4.4 % a year ago, says the Centre for Monitoring Indian Economy (CMIE).
The power and agriculture sectors account for nearly 20 % of the total diesel consumption, the report said and noted that diesel that accounts for 40 % of petroleum products consumption is expected to go up further this fiscal.
(Sources: Economic Times, Indiatimes, Business Line, Worldnews, i4u)
Indian electrical equipment industry can reach $100bn by 2022: IEEMA
The Indian electrical equipment industry envisages $ 100 billion sales by 2022, industry body IEEMA has said.
"World trade in electrical equipment aggregated to about $ 260 billion in 2010 .... India ranks 28th, registering a CAGR of 10 % exports over the last five years but still accounts for less than 1 % of global exports," newly-appointed IEEMA (Indian Electrical and Electronics Manufacturers Association) President J G Kulkarni said at the body's 65th Annual Convention.
(Sources: Economic Times, Indiatimes, MSN India, Zeenews, NDTV, i4u)
Arunachal Pradesh records rise in tourist flow
Arunachal Pradesh recorded a substantial increase in flow of both domestic and foreign tourists in the past three years, state's Tourism Minister Pema Khandu said.
"An amount of $ 3, 05,332 was earned as revenue by the department from tourists in the period," Khandu said in reply to a question raised in the Assembly on Friday.
The Minister informed that his department was giving more stress on advertisements, capacity-building of stakeholders and promotional activities to raise tourists' flow in the state.
(Sources: Financial Express, Indian Express, Worldnews, Express India, Business Standard)
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