assocham-economic-weekly 17th march 2013
TRANSCRIPT
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Assocham Economic Research Bureau
THE ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA
ASSOCHAM Economic Weekly
17th
March, 2013
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Contents
1. Macroeconomy
1.1 Wholesale Price Indices
1.2 Indias Foreign Trade
1.4 Railway Revenue Earnings
2. Corporate Sector
2.1 Index of Industrial Production
2.2 Mineral Production, January 2013
2.3 Sectoral Deployment of Bank Credit
3. Market Trends
4.Global Developments4.1 UK Index of Industrial Production, January 2013
4.2 Euro Area Annual Inflation, February 2013
4.3 US Consumer Price Index, February 2013
5. Data Appendix
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1. Macroeconomy
1.1 Wholesale Price Indices
The annual rate of inflation, based on monthly WPI, stood at 6.84% for the month of February,
2013 (over February, 2012) as compared to 6.62% for the previous month and 7.56% during the
corresponding month of the previous year. Build up inflation in the financial year so far was
5.71% compared to a buildup of 6.56% in the corresponding period of the previous year.
Primary Articles group rose by 0.6 percent to 222.7 from 221.4 for the previous month.
Food Articles group rose by 0.2 percent to 214.3 from 213.8 for the previous month due to
higher prices of masur (8%), ragi (7%), poultry chicken (6%), fish-inland (4%), jowar (3%),
urad, condiments & spices, barley, fish-marine, arhar and rice (2% each) and egg, mutton, maize
and wheat (1% each). However, the prices of gram (7%), coffee (6%) and fruits & vegetables
and tea (2% each) declined.
Non-Food Articles group rose by 1.6 percent to 205.6 from 202.3 for the previous month due to
higher prices of flowers (20%), raw jute (9%), fodder (7%), guar seed (6%), mesta (5%), raw
cotton (4%), logs & timber (3%), groundnut seed (2%) and soyabean (1%). However, the prices
of rape & mustard seed (6 %), raw silk (5%), copra, castor seed and raw rubber (3% each),
sunflower, gingelly seed and cotton seed (2% each) and coir fibre (1%) declined.
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Minerals group rose by 0.9 percent to 350.1 from 347.0 for the previous month due to higher
prices of copper ore (14%), barytes (11%), magnesite and steatite (7% each), zinc concentrate
and dolomite (5% each) and crude petroleum (2%). However, the prices of iron ore (5%)
declined.
Fuel and Power group rose by 3.0 percent to 195.2 from 189.5 for the previous month due to
higher prices of lpg (21%), furnace oil (7%), lubricants (5%), high speed diesel (4%), light diesel
oil and bitumen (3% each), petrol and aviation turbine fuel (2% each) and kerosene (1%).
Manufactured Products group declined by 0.1 percent to 148.2 from 148.3 for the previous
month.
Refer table 1
Table 1
Wholesale Price Index and Rate of InflationLatest month over
month
Build up from
March Year on yearCommodities/Major
Groups/Groups/Sub-
Groups Weight
WPI
Feb,
2013 2011-12 2012-13 2011-12 2012-13 2011-12 2012-13
Primary articles 20.11 222.7 1.15 0.59 7.86 7.17 7.07 9.70
Food Articles 14.33 214.3 0.68 0.23 7.49 8.73 6.12 11.38
Non-Food Articles 4.25 205.6 2.02 1.63 -2.40 8.27 -2.51 10.06
Minerals 1.52 350.1 2.41 0.89 30.47 -2.42 32.31 0.57
FUEL & POWER 14.91 195.2 -0.17 3.01 12.12 9.79 15.11 10.47
Manufactured products 64.97 148.2 0.21 -0.07 4.57 3.93 5.82 4.51
All commodities 100.00 170.2 0.38 0.59 6.56 5.71 7.56 6.84
Source: Office of Economic Advisor, Govt. of India
1.2 Indias Foreign Trade
Exports during February, 2013 were valued at US $ 26.26 billion (Rs. 1.41 lakh crore) whichwas 4.23 per cent higher in Dollar terms (13.99 per cent higher in Rupee terms) than the level of
US $ 25.19 billion (Rs. 1.24 lakh crore) during February, 2012. Cumulative value of exports for
the period April-February 2012 -13 was US $ 265.95 billion (Rs 14.47 lakh crore) as against US
$ 277.12 billion (Rs 13.21 lakh crore) registering a negative growth of 4.03 per cent in Dollar
terms and growth of 9.52 per cent in Rupee terms over the same period last year.
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Imports during February, 2013 were valued at US $ 41.18 billion (Rs.2.21 lakh crore)
representing a growth of 2.65 per cent in Dollar terms and 12.27 per cent in Rupee terms over
the level of imports valued at US $ 40.12 billion ( Rs. 1.97 lakh crore) in February, 2012.
Cumulative value of imports for the period April-February, 2012-13 was US $ 448.04 billion
(Rs. 24.36 lakh crore) as against US $ 446.94 billion (Rs. 21.32 lakh crore) registering a growth
of 0.25 per cent in Dollar terms and growth of 14.27 per cent in Rupee terms over the same
period last year.
Oil imports during February, 2013 were valued at US $ 15.15 billion which was 15.45 per cent
higher than oil imports valued at US $ 13.12 billion in the corresponding period last year. Oil
imports during April-February, 2012-13 were valued at US $ 155.57 billion which was 11.92 per
cent higher than the oil imports of US $ 138.99 billion in the corresponding period last year.
Non-oil imports during February, 2013 were estimated at US $ 26.03 billion which was 3.57 per
cent lower than non-oil imports of US $ 26.99 billion in February, 2012. Non-oil imports during
April - February, 2012-13 were valued at US $ 292.47 billion which was 5.03 per cent lower
than the level of such imports valued at US $ 307.94 billion in April - February, 2011-12.
The trade deficit for April - February, 2012-13 was estimated at US $ 182.09 billion which was
higher than the deficit of US $ 169.81 billion during April -February, 2011-12.
Refer Table 2
Table 2
Indias Foreign Trade Balance(US $ Billion)
February April-February
Exports (including re-exports)
2011-12 25.19 277.12
2012-13 26.26 265.94
%Growth2012-13/ 2011-2012 4.23 -4.03
Imports
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2011-12 40.12 446.94
2012-13 41.18 448.04
%Growth2012-13/ 2011-2012 2.65 0.25
Trade Balance2011-12 -14.92 -169.81
2012-13 -14.92 -182.09Source: Ministry of Commerce and Industry, Govt. of India
1.3 Railway Revenue Earnings
Total earnings of Indian Railways on originating basis during 1st April 2012 to 28th February
2013 were Rs. 111984.89 crore compared to Rs. 93013.43 crore during the same period last year,
registering an increase of 20.40 per cent.
The total goods earnings have gone up from Rs. 62174.53 crore during 1st April 2011-28th
February 2012 to Rs. 77372.90 crore during 1st April 2012-28th February 2013, registering an
increase of 24.44 per cent.
The total passenger revenue earnings during 1st April 2012-28th February 2013 were Rs.
28915.09 crore compared to Rs. 25858.04 crore during the same period last year, registering an
increase of 11.82 per cent.
The revenue earnings from other coaching amounted to Rs. 2851.90 crore during April 2012-
February 2013 compared to Rs. 2580.33 crore during the same period last year, an increase of
10.52 per cent.
The total approximate numbers of passengers booked during 1st April 2012-28th February 2013
were 7803.42 million compared to 7586.63 million during the same period last year, showing an
increase of 2.86 per cent. In the suburban and non-suburban sectors, the numbers of passengers
booked during April 2012 -February 2013 were 4109.98 million and 3693.44 million compared
to 4007.53 million and 3579.10 million during the same period last year, showing an increase of
2.56 per cent and 3.19 per cent respectively.
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2. Corporate Sector
2.1 Index of Industrial Production
Index of Industrial Production (IIP) for the month of January 2013 stands at 181.8, which is
2.4% higher as compared to the level in the month of January 2012. The cumulative growth for
the period April-January 2012-13 over the corresponding period of the previous year stands at
1.0%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for
the month of January 2013 stand at 134.0, 193.7 and 160.7 respectively, with the corresponding
growth rates of (-) 2.9%, 2.7% and 6.4% as compared to January 2012. The cumulative growth
in the three sectors during April-January 2012-13 over the corresponding period of 2011-12 has
been (-) 1.9%, 0.9% and 4.7% respectively.
Refer table 3Table 3
Index of industrial production-Sectoral(Base: 2004-05)
Mining Manufacturing Electricity General
(141.57) (755.27) (103.16) (1000)
Month
2011-
2012
2012-
2013
2011-
2012
2012-
2013
2011-
2012
2012-
2013
2011-
2012
2012-
2013
Apr 128.4 128.8 176.1 173.0 146.0 152.7 166.2 164.1
May 130.9 130.0 174.5 179.0 153.3 162.3 166.2 170.3
Jun 123.5 122.1 184.0 178.1 144.3 157.0 171.4 168.0Jul 124.1 119.7 177.4 177.4 152.1 156.3 167.2 167.1
Aug 115.0 114.6 171.7 175.8 149.4 152.2 161.4 164.7
Sep 108.8 111.2 177.4 174.6 144.1 149.7 164.3 163.1
Oct 122.6 122.4 165.9 182.4 152.1 160.5 158.3 171.6
Nov 128.8 121.7 177.8 176.8 145.6 149.1 167.5 166.1
Dec 136.8 132.2 192.6 191.2 149.8 157.6 180.3 179.4
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Jan* 138.0 134.0 188.6 193.7 151.1 160.7 177.6 181.8
Feb 135.0 186.8 145.1 175.2
Mar 149.6 198.7 158.6 187.6
Average
Apr-Jan 125.7 123.3 178.6 180.2 148.8 155.8 168.0 169.6
Growth over the corresponding period of previous year
January -2.1 -2.9 1.1 2.7 3.2 6.4 1.0 2.4
Apr-Jan -2.5 -1.9 3.7 0.9 8.8 4.7 3.4 1.0
Source: CSONote: Indices for the months of Oct 2012 and Dec 2012 incorporate updated data.*Indices for January 2013 are quick estimates
As per Use-based classification, the growth rates in January 2013 over January 2012 are 3.4% in
Basic goods, (-) 1.8% in Capital goods and 2.0% in Intermediate goods. The Consumer durables
and Consumer non-durables have recorded growth of (-) 0.9% and 5.3% respectively, with the
overall growth in Consumer goods being 2.8%.
Refer Table 4Table 4
Index of industrial production-Use Based(Base: 2004-05)
Basic goods Capital goods Intermediate
goods
Consumer
goods
Consumer
durables
Consumer
non-durables
(456.82) (88.25) (156.86) (298.08) (84.60) (213.47)
Month 2011-
12
2012-
13
2011-
12
2012-
13
2011-
12
2012-
13
2011-
12
2012-
13
2011-
12
2012-
13
2011-
12
2012-
13
Apr 145.2 148.0 264.8 207.9 144.4 141.8 180.8 187.5 290.5 306.2 137.3 140.5
May 149.4 155.9 248.6 227.3 143.7 148.6 179.3 187.1 282.6 310.1 138.4 138.3
Jun 145.9 151.2 325.2 235.0 144.1 145.4 179.1 185.8 281.7 307.2 138.4 137.7
Jul 149.1 150.6 248.5 234.0 146.2 146.3 182.0 183.3 304.6 307.0 133.5 134.3
Aug 144.7 149.0 261.6 250.0 142.6 146.4 167.2 173.3 278.0 280.7 123.3 130.7
Sep 140.2 144.0 286.8 248.7 139.7 142.1 177.8 177.8 308.4 303.9 126.0 127.8
Oct 147.3 153.7 225.4 241.1 133.8 146.7 168.4 191.7 288.1 336.2 121.0 134.5
Nov 148.0 150.2 257.3 235.5 141.4 139.1 184.7 184.2 297.8 301.7 139.9 137.7
Dec 156.6 159.4 263.5 262.0 149.7 150.7 208.0 200.6 298.0 273.6 172.3 171.6
Jan* 156.9 162.3 256.8 252.1 146.5 149.4 202.2 207.9 287.4 284.8 168.4 177.4
Feb 152.9 261.8 145.4 199.2 297.5 160.2
Mar 163.3 313.2 155.1 204.7 327.1 156.2
Average183.0
Apr-Jan 148.3 152.4 263.9 239.4 143.2 145.7 183.0 187.9 291.7 301.1 139.9 143.1
Growth over the corresponding period of previous year
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January 1.9 3.4 -2.7 -1.8 -2.5 2.0 2.5 2.8 -7.5 -0.9 10.6 5.3
Apr-Jan 5.8 2.8 -2.9 -9.3 -0.8 1.7 5.4 2.7 3.7 3.2 6.6 2.3
Source: CSONote: Indices for the months of Oct 2012 and Dec 2012 incorporate updated data.
*Indices for January 2013 are quick estimates
2.2 Mineral Production, January 2013
The index of mineral production of mining and quarrying sector in January 2013 was higher by
1.4% compared to that of the preceding month. The mineral sector has shown a negative growth
of 2.9% during January 2013 as compared to that of the corresponding month of previous year.
The total value of mineral production (excluding atomic & minor minerals) in the country during
January 2013 was Rs. 18436 crore. The contribution of coal was the highest at Rs. 6603 crore
(36%). Next in the order of importance were: petroleum (crude) Rs. 5779 crore, iron ore Rs.
2282 crore, natural gas (utilized) Rs. 2029 crore, lignite Rs. 477 crore and limestone Rs. 354
crore. These six minerals together contributed about 95% of the total value of mineral production
in January 2013.
Production level of important minerals in January 2013 were: coal 564 lakh tonnes, lignite 43
lakh tonnes, natural gas (utilized) 3170 million cu. m., petroleum (crude) 32 lakh tonnes, bauxite
1733 thousand tonnes, chromite 197 thousand tonnes, copper conc. 11 thousand tonnes, gold 130
kg., iron ore 101 lakh tonnes, lead conc. 17 thousand tonnes, manganese ore 184 thousand
tonnes, zinc conc. 149 thousand tonnes, apatite & phosphorite 199 thousand tonnes, dolomite
467 thousand tonnes, limestone 226 lakh tonnes, magnesite 7 thousand tonnes and diamond 3131
carat.
In January 2013 the output of bauxite increased by 74.1%, diamond 32.3%, lignite 10.4%, lead
conc. 8.8%, zinc conc.7.0%, coal 5.1% and limestone 2.2 percent. However the production of
petroleum (crude) decreased by 1.3%, copper conc. 1.5%, natural gas (utilized) 2.3%, chromite
2.4%, iron ore 5.2%, dolomite 9.5%, manganese ore 11.4%, apatite & phosphorite 12.2%, gold
13.3% and magnesite 61.7 percent.
2.3 Sectoral Deployment of Bank Credit
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Sectoral deployment of credit collected from select 47 scheduled commercial banks accounting
for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks for
the month of January 2013 reveals:
On a year-on-year (y-o-y) basis, non-food bank credit increased by 14.6 per cent inJanuary 2013 as compared with the increase of 15.9 per cent in January 2012.
Credit to agriculture increased by 19.8 per cent in January 2013, up from 6.3 per cent inJanuary 2012.
Credit to industry increased by 15.2 per cent (y-o-y) in January 2013 as compared withthe increase of 20.2 per cent in January 2012. Deceleration in credit growth to industry
was observed in all the major sub-sectors, barring chemicals and chemical products;petroleum, coal products and nuclear fuels; beverage and tobacco; leather and leather
products; wood and wood products; rubber, plastic and their products; and cement and
cement products.
Credit to the services sector increased by 12.0 per cent in January 2013 as compared withthe increase of 15.1 per cent in January 2012.
Credit to NBFCs increased by 21.6 per cent in January 2013 as compared with theincrease of 30.6 per cent in January 2012.
Personal loans increased by 13.5 per cent in January 2013 as compared with the increaseof 13.2 per cent in January 2012.
Refer Table 5
Table 5
Sectoral Deployment of Bank Credit
Rs. Billion Growth (Y-o-Y)
Jan.27,
2012
Jan.25,
2013
Jan 27, 2012 /
Jan 26, 2011
Jan 25, 2013 /
Jan 27, 2012Food Credit 834.1 1070.5 39.3 28.3
Non-food Credit 40387.9 46297.3 15.9 14.6
Agriculture & Allied Activities 4658.2 5580.5 6.3 19.8
Industry 18504.4 21308.9 20.2 15.2
Services 9590.5 10738.8 15.1 12.0
Non-Banking Financial Companies(NBFCs) 2010.3 2444.4 30.6 21.6
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Personal Loans 7634.8 8669.1 13.2 13.5
Priority Sector 12969.3 14917.2 9.7 15.0
Gross Bank Credit 41222.0 47367.8 16.3 14.9
Source: RBI
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3. Market Trends
BSE: The 30 share BSE Sensex decreased by 1.2 per cent and closed at 19,427.56
NSE: Nifty decreased by 1.2 per cent during the week and closed at 5872.6
Dollar: The value of Rupee appreciated by Rs.0.13 against the US dollar during the
week and closed at Rs 54.16 per dollar.
Euro: The value of Rupee appreciated by Rs.0.10 against the Euro and closed at
Rs.70.50 per euro.
Gold: Prices of gold increased by Rs. 83.98 per 10 grams during the week and closed
at Rs.29346.46 per 10 grams.
Silver: Prices of silver decreased by Rs.88.78 during the week and closed at Rs.
54724.92 Per kg.
Crude Oil: The prices of crude oil decreased by USD 1.9 per barrel and closed at USD
105.7 per barrel.
Forex Reserves: Indias Foreign Exchange reserves decreased by USD 2.2 billion toUSD 290.3 billion during the week-ended March 8, 2013.
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4. Global Developments
4.1 UK Index of Industrial Production, January 2013According to the UK Office of National statistics, index of mining & quarrying in January 2013
fell by 9.3% compared with January 2012. Oil & gas extraction decreased by 15.0%,
contributing 11.2 percentage points to the fall in mining & quarrying.
Index of manufacturing in January 2013 fell by 3.0% compared with January 2012. In detail:
The largest contributions to the decrease in output came from the manufacture of basicpharmaceutical products & pharmaceutical preparations, which fell by 13.2%, and in the
manufacture of rubber & plastics products & other non-metallic mineral products, which
fell by 10.3%.
Within the rubber & plastics products, & other non-metallic mineral products industries,the main falls were in cement, lime, plaster & articles of concrete, cement & plaster,
which fell by 21.5% and rubber & plastic products, which fell by 6.0%.
Basic pharmaceutical products & pharmaceutical preparations contributedapproximately 0.9 percentage points and rubber & plastics products & other non-metallic
mineral products 0.7 percentage points, to the 3.0% month on same month a year ago fall
in overall manufacturing.
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Index of the electricity, gas, steam & air conditioning supply industries in January 2013 rose by
4.5% compared with January 2012. The main movements were:
Electric power generation, transmission & distribution which rose by 4.2%, andcontributed 3.5 percentage points to the 4.5% month on same month a year ago rise.
Manufacture of gas, steam & air conditioning supply, which rose by 6.2%, andcontributed 1.0 percentage point to the 4.5% month on same month a year ago rise.
Water supply and waste management
Index of the water supply, sewerage & waste management industries, fell by 2.2% compared
with January 2012. The main movements were:
Waste collection, treatment & disposal activities, which fell by 9.1%. Remediation activities & other waste management services, which fell by 12.5%. The largest contributor to the 2.2% month on same month a year ago fall in water supply,
sewerage & waste management, was approximately 3.9 percentage points from waste
collection, treatment & disposal activities.
Refer Table 6
Table 6
Output of the Production Industries(Y-o-Y)
Productionindustries
Mining andquarrying
Manufacturing Electricity, gas,steam and airconditioning
Water supply,sewerage andwastemanagement
Oil and gasextraction
Jan -3.5 -20.0 -0.2 -6.4 1.1 -23.0
Feb -2.1 -8.7 -1.7 2.0 0.7 -9.9
Mar -2.6 -9.0 -1.2 -6.9 0.1 -12.2Apr -2.0 -13.7 -1.4 8.3 -0.5 -18.3
May -1.3 -8.1 -1.0 5.3 -1.5 -12.3
Jun -3.9 -6.0 -3.9 -2.4 -2.0 -7.3
Jul -0.8 -1.7 -0.8 -0.6 0.1 -3.5
Aug -1.0 0.8 -1.5 -1.6 1.0 0.8
Sep -3.2 -17.2 -1.5 -0.8 -0.6 -22.2
Oct -3.1 -21.0 -1.7 9.0 -1.4 -27.1
2012
Nov -2.8 -13.6 -2.1 4.1 -0.9 -18.8
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Dec -2.1 -8.7 -1.6 2.2 -1.2 -12.3
2013 Jan -2.9 -9.3 -3.0 4.5 -2.2 -15.0
Source: UK Office of National Statistics
4.2 Euro Area Annual Inflation, February 2013
According to the statistical office of the European Union, Euro area annual inflation was 1.8% in
February 2013, down from 2.0% in January 2013. A year earlier the rate was 2.7%. Monthly
inflation was 0.4% in February 2013.
European Union annual inflation was 2.0% in February 2013, down from 2.1% in January 2013.
A year earlier the rate was 2.9%. Monthly inflation was 0.4% in February 2013.
In February 2013, the lowest annual rates were observed in Greece(0.1%), Portugal (0.2%) and
Latvia(0.3%), and the highest in Romania(4.8%), Estonia(4.0%) and the Netherlands(3.2%).
The lowest 12-month average rates up to February 2013 were registered in Greece (0.7%),
Sweden (0.9%) and Latvia (1.8%), and the highest in Hungary (5.2%), Estonia (4.1%) and
Romania(3.8%).
The largest upward impacts to euro areaannual inflation came from electricity (+0.17 percentage
points), fruit and tobacco (+0.07 each), while telecommunications (-0.22), medical ¶medical services (-0.08) and garments (-0.07) had the biggest downward impacts
4.3 US Consumer Price Index, February 2013
According to the U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban
Consumers (CPI-U) increased 0.7 percent in February 2013 on a seasonally adjusted basis. Over
the last 12 months, the all items index increased 2.0 percent before seasonal adjustment.
The gasoline index rose 9.1 percent in February 2012 to account for almost three-fourths of the
seasonally adjusted all items increase. The indexes for electricity, natural gas, and fuel oil also
increased, leading to a 5.4 percent rise in the energy index. The food index increased slightly in
February, rising 0.1 percent. A sharp increase in the fruits and vegetables index was the major
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cause of the 0.1 percent increase in the food at home index, with other major grocery store food
group indexes mixed.
The index for all items less food and energy increased 0.2 percent in February. The indexes for
shelter, used cars and trucks, recreation, and medical care all rose in February. These increases
more than offset declines in the indexes for new vehicles, apparel, airline fares, and tobacco.
The all items index increased 2.0 percent over the last 12 months compared to a 1.6 percent
increase for the 12 months ending January. The index for all items less food and energy also
increased 2.0 percent over the last 12 months. The energy index increased 2.3 percent and the
food index rose 1.6 percent.
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5. Data Appendix
Table 7
Latest Available Financial Information
Item Mar. 01, 2013 Mar. 08, 2013
Percentage
Change
Deposits of Scheduled CommercialBanks with RBI (Rs. Billion) 2965.34
2761.42-6.8
Foreign Currency Assets of RBI (Rs.Billion)
14077.90 14054.18-0.1
Advances of RBI to the CentralGovernment (Rs. Billion) ------- -------- --------
Advances of RBI to the ScheduledCommercial Banks (Rs. Billion) 206.15 175.78 -14.7
Source: RBI
Table 8
BSE Sensex and NSE Nifty Index
Index Mar. 11, 2013 Mar. 15, 2013Percentage
Change
BSE SENSEX19,679.88 19,427.56 -1.2
S & P CNX NIFTY5946.10 5872.60 -1.2
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ASSOCHAM Economic Research Bureau
ASSOCHAM Economic Research Bureau (AERB) is the research division of theAssociated Chambers of Commerce and Industry of India. The Research Bureau
undertakes studies on various economic issues, policy matters, financial markets,
international trade, social development, sector wise performance and monitoring global
economy dynamics.
The main banners of the Bureau are:
ASSOCHAM Eco Pulse (AEP) studies are based on the data provided by various
institutions like Reserve Bank of India, World Bank, IMF, WTO, CSO, Finance Ministry,
Commerce Ministry, CMIE etc.
ASSOCHAM Business Barometer (ABB) are based on the surveys conducted by the
Research Team to take note of the opinion of leading CEOs, MDs, CFOs, economists
and experts in various fields.
ASSOCHAM Investment Meter (AIM) keeps the track of the investment
announcements by the private sector in different sectors and across the various states
and cities.
ASSOCHAM Placement Pattern (APP) is based on the sample data that is tracked on a
daily basis for the vacancies posted by companies via job portals and advertisements in
the national and regional dailies, journals and newspaper. Data is tracked for 60 cities
and 30 sectors that are offering job opportunities in India.
ASSOCHAM Financial Pulse (AFP) as an analytical tool tracks quarterly financial performance
of India Inc; forming strong inter-linkages with the real economy and presents sectoral insights
and outlook based on financial indicators, demand signals and corporate dividend activity.
Email: [email protected]
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THE KNOWLEDGE CHAMBER
Evolution of Value Creator ASSOCHAM initiated its endeavor of value creation for Indian
industry in 1920. It has witnessed upswings as well as upheaval of Indian Economy and
contributed significantly by playing a catalytic role in shaping up the Trade, Commerce and
Industrial environment of the country.
ASSOCHAM derives its strength from the following Promoter Chambers: Bombay Chamber of
Commerce and Industry, Mumbai; Cochin Chamber of Commerce and Industry, Cochin; Indian
Merchant's Chamber, Mumbai; The Madras Chamber of Commerce and Industry, Chennai;
PHD Chamber of Commerce and Industry, New Delhi.
VISION
Empower Indian enterprise by inculcating knowledge that will be the catalyst of growth in the
barrier less technology driven global market and help them upscale, align and emerge as
formidable player in respective business segment
MISSION
As representative organ of Corporate India, ASSOCHAM articulates the genuine, legitimate
needs and interests of its members. Its mission is to impact the policy and legislative
environment so as to foster balanced economic industrial and social development. We
believe education, health, agriculture and environment to be the critical success factors.
GOALS
To ensure that the voice and concerns of ASSOCHAM are taken note of by policy makers and
legislators. To be proactive on policy initiatives those are in consonance with our mission. To
strengthen the network of relationships of national and international levels/forums. To develop
learning organization, sensitive to the development needs and concerns of its members. To
broad-base membership. Knowledge sets the pace for growth by exceeding the expectation, and
blends the wisdom of the old with the needs of the present.