Indian EconomyMarch 2009 :ASSOCHAM Research Bureau Indian EconomyMarch 2009 By Mr. Birender Kumar and Mr. Ravish Jaggi Assocham Research Bureau


Presentation Layout :ASSOCHAM Research Bureau Presentation Layout Indian Economy Performance Indicators Reserve Bank of India- Developments Foreign Trade of India for Q3 (08-09) G 20-The London Summit 2009 Corporate Updates (march) International Economy Indian Market


Indian Economy :ASSOCHAM Research Bureau Indian Economy


India GDP (2008-09) at Factor Cost (Rs. In Crore) :ASSOCHAM Research Bureau India GDP (2008-09) at Factor Cost (Rs. In Crore) The gross domestic product of the Indian economy grew by mere 5.3 per cent in the third quarter of the financial year 2008-09, in sharp contrast to 8.9 per cent growth in the similar period of the corresponding year.


Performance Indicators :ASSOCHAM Research Bureau Performance Indicators


Inflation (WPI) Rate Q4 FY’ 2008-09 :ASSOCHAM Research Bureau Inflation (WPI) Rate Q4 FY’ 2008-09


Inflation CPI- (UNME) :ASSOCHAM Research Bureau Inflation CPI- (UNME) Linked all- India CPI (UNME) on base 1984-85=100 for January’2009


Six Core Infrastructure Sectors :ASSOCHAM Research Bureau Six Core Infrastructure Sectors Growth (in %)


Slide 9:ASSOCHAM Research Bureau IIP Growth rate in %


IIP- Consumer Goods :ASSOCHAM Research Bureau IIP- Consumer Goods


Foreign Direct Investment :ASSOCHAM Research Bureau Foreign Direct Investment


FDI continues… :ASSOCHAM Research Bureau FDI continues…


RBI Developments :ASSOCHAM Research Bureau RBI Developments


Repo Rate (in %) :ASSOCHAM Research Bureau Repo Rate (in %)


Reverse Repo Rate (in %) :ASSOCHAM Research Bureau Reverse Repo Rate (in %)


FOREIGN TRADEAPRIL-FEBRUARY 2008- 09 :ASSOCHAM Research Bureau FOREIGN TRADEAPRIL-FEBRUARY 2008- 09


APRIL-FEB 2008- 09 :ASSOCHAM Research Bureau APRIL-FEB 2008- 09


APRIL-FEB 2008- 09 :ASSOCHAM Research Bureau APRIL-FEB 2008- 09


April-February BoP Q3 (08-09) :ASSOCHAM Research Bureau April-February BoP Q3 (08-09) India’s external sector balance sheet witnessed a deficit of USD 17.8 billion In 2007-2008 BoP recorded surplus of USD 26.7 billion recorded in the same period


G 20The London Summit 2009 :ASSOCHAM Research Bureau G 20The London Summit 2009


G 20 : Financial Stability Board :ASSOCHAM Research Bureau G 20 : Financial Stability Board A new Financial Stability Board will be established to unite regulators and join the IMF in providing early warnings of potential threats


G 20 : Fiscal Stimulus :ASSOCHAM Research Bureau G 20 : Fiscal Stimulus Leaders of the Group of 20 countries agreed to a USD 1.1 trillion (Rs 55 lakh crore) deal to combat the worst economic downturn since the Great Depression.


G 20 : Trade finance :ASSOCHAM Research Bureau G 20 : Trade finance The G-20 will make at least USD 250 billion available in the next two years to support the finance of trade through export credit agencies and development banks such as the World Bank


G 20 : Role of IMF to Combat Recession :ASSOCHAM Research Bureau G 20 : Role of IMF to Combat Recession The amount will be made available to the world economy through the International Monetary Fund (IMF) and other institutions. This will include USD 250 billion of the special IMF “currency” called Special Drawing Rights. IMF will see its own resources tripled, with up to USD 500 billion in new funds. Japan, the European Union and China will provide the first USD 250 billion of the increase, with the balance to come from as yet unidentified countries.


Corporate (March) :ASSOCHAM Research Bureau Corporate (March) Tata Launches – World’s Cheapest Car “NANO” Reliance Petroleum Limited Merges with the parent company Reliance Industries Limited GMR Energy acquires Indonesian coal firm for Rs 400 crore India slips down by 11 places to 75th for 'Best Countries For Business‘: FORBES


International Economy :ASSOCHAM Research Bureau International Economy US economy shrank at a 6.3 per cent pace at the end of 2008, the worst performance in a quarter-century. UK unemployment rose at the fastest pace since 1971 in February 2009. The jobless figure rose 138,400 to 1.39 million as companies are eliminating jobs to reduce costs. Japan logged a current account deficit of 172.8 billion yen (USD 1.8 billion) in January 2009, the first in 13 years and announces more stimulus to counter recession.


Slide 27:ASSOCHAM Research Bureau Market


BOMBAY STOCK EXCHANGE :ASSOCHAM Research Bureau BOMBAY STOCK EXCHANGE The 30-share Sensex closed, at 9708.50 point. During FY’ 2008-09 During Q4 FY’ 2008-09 the BSE Sensex recorded the highest level on January 6, 2009 intra-day with 10335.93 points. The Sensex recorded the lowest level on March 9, 2009, when it reached 8160.40 points.


Movement of Sensex in Stock Market in Q4 FY' 2008-09 :ASSOCHAM Research Bureau Movement of Sensex in Stock Market in Q4 FY' 2008-09


Nifty touched its highest level in Q4 FY’ 2008-09 at 3121.45 points as on January 5, 2009 and it touched its lowest level of 2573.75 points as on March 9, 2009. :ASSOCHAM Research Bureau Nifty touched its highest level in Q4 FY’ 2008-09 at 3121.45 points as on January 5, 2009 and it touched its lowest level of 2573.75 points as on March 9, 2009.


Rs./USD Movement during Q4 Fy’ 2008-09 :ASSOCHAM Research Bureau Rs./USD Movement during Q4 Fy’ 2008-09


Rs./Euro (During Q4 FY’ 2008-09) :ASSOCHAM Research Bureau Rs./Euro (During Q4 FY’ 2008-09)


Gold Movement (Q4 FY’ 2008-09) :ASSOCHAM Research Bureau Gold Movement (Q4 FY’ 2008-09)


Crude Oil (USD/brl) Q4 FY’ 2008-09 :ASSOCHAM Research Bureau Crude Oil (USD/brl) Q4 FY’ 2008-09