Economy Magazine | Feb 05, 2010
Econo-Metric
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Economy Watch
Target: inflation. Ammunition: CRR hike. Back-up measure: Reverse repo hike. The RBI gets in combat mode as it prepares to unveil the first part of its strategy to tackle inflation in its monetary policy review
Indira Vergis
  • 37% The jump in production of consumer durables such as refrigerators and televisions from a year ago. Production gained 20 per cent in October, extending earlier gains. Overall, India’s industrial output exceeded most other emerging markets including South Korea’s but lagged that of neighbouring China. Output in China grew by 19 per cent in November
  • 0.04% The percentage of GDP government-effected tax cuts were equivalent to in FY10. Similar tax cuts were equivalent to 0.2 per cent of GDP in FY09, according to Religare Hichens Harrison. Similarly, government investment for the two years was equivalent to 0.8 per cent of GDP (FY10) and 0.1 per cent (FY09).
  • 7.74 % The yield in benchmark 10-year bonds rose to their highest since October 2008 before inflation figures for December were released. Yields eased as inflation figures came in line with market expectations.
  • Rs 45.34 The value of the rupee against the dollar, which was the highest in 15 months. The rupee has gained and the dollar has weakened as foreign investors poured money into domestic stocks and bonds to take advantage of a strongly growing Indian economy.
  • 20% The jump in sugar prices in the past two months to Rs 40,000 a metric tonne as a production shortfall affects the industry for a second straight year. India is the world’s largest consumer of sugar and currently a leading importer. It needs about 23 million tonnes annually, but is expected to produce about 16 million tonnes for the crop year ending September 30.
Also In This Story   
Economy Watch
Target: inflation. Ammunition: CRR hike. Back-up measure: Reverse repo hike. The RBI gets in combat mode as it prepares to unveil the first part of its strategy to tackle inflation in its monetary policy review
Indira Vergis
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Target: inflation. Ammunition: CRR hike. Back-up measure: Reverse repo hike. The RBI gets in combat mode as it prepares to unveil the first part of its strategy to tackle inflation in its monetary policy review
Magazine | Feb 05, 2010
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