Monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global
2. Indian & Global Economic and Financial Market Indicators
Contents Page
1. Important Rates to Remember ………… 3
2. Indian Economy — Growth Indicators ………… 4
3. Indian Economy — Price Indicators ………… 6
4. Indian Economy — Banking Indicators ………… 7
5. Indian Economy — Exchange Rates ………… 9
6. Indian Economy — Interest Rates ………… 11
7. Indian Economy — Stock Markets ………… 14
8. Indian Economy — Capital Flows ………… 17
9. Indian Economy — Commodity Markets
………… 20
10. Global Economy — Economic Indicators
………… 22
11. Global Economy — Stock Indices ………… 23
12. Global Economy — Commodity Indices 24
Special Feature
Highlights of Economic Survey & Union Budget 2011-201225
www.ecofin-surge.co.in
E-UpDates March 2011 2 Surge Research Support
3. GDP IIP
2010-11 8.60% Dec-10 1.60%
2009-10 7.40% Dec-09 18.00%
(Apr-Dec)
As on 28-Feb-11 28-Feb-10 As on 28-Feb-11 28-Feb-10
Bank rate 6.00% 6.00% CRR 6.00% 5.50%
Repo rate 6.50% 4.75% PLR/Base rate* 8.25-9.50% 11.00-12.00%
Reverse repo 5.50% 3.25% CMR 5.50-7.15% 2.00-3.40%
Inflation (WPI) Oil Price (World Average)
Jan-11 8.23% Feb-11 98.30
Jan-10 8.53% Feb-10 73.04
Spot Price FOB $ per barrel
$/Rupee Rate Purchasing Managers Index February
28-Feb-11 45.80 HSBC Markit Mnfg. PMI 57.9
26-Feb-10 46.23 HSBC Markit Services PMI 60.2
RBI Reference rate
For Global rates visit: www.ecofin-surge.co.in/at-a-glance.html
*Base rate has been introduced since 1st Jul, 2010.
For explanations visit http://www.ecofin-surge.co.in/terminology.html
E-UpDates March 2011 3 Surge Research Support
4. Growth Indicators
GDP Growth Rates Q1 Q2 Q3 Q4 FY
2010-11 8.9 8.9 8.2 8.6
2009-10 6.3 8.6 7.3 7.4
GDP[at Constant(2004-05) prices] Q2-2010-11 Rs.Crore YoY Growth Q3-2010-11 Rs.Crore YoY Growth
(Jul-Sep) (Share in (Oct-Dec) (Share in
GDP) GDP)
(%) (%)
1 Agriculture, Forestry &
Fishing 130,335 4.4 219,494 8.9
2 Mining & Quarrying 25,444 7.9 28,118 6.0
3 Manufacturing
188,919 9.8 190,767 5.6
4 Electricity, Gas & Water
Supply. 23,036 3.4 23,151 6.4
5 Construction
93,294 8.7 94,566 8.0
6 Trade, Hotels, Transport
and Communication 317,716 12.1 330,032 9.4
7 Financing, Insurance,
Real Estate & Business
Services. 205,253 8.2 214,716 11.2
8 Community, Social &
Personal Services. 168,620 7.4 160,819 4.8
9 GDP at factor cost
(1 to 8) 1,152,618 8.9 1,261,664 8.2
10 Private final consumption
expenditure
744,033 8.6 (59.2) 827,021 9.0 (60.1)
11 Government final
consumption expenditure
140,521 10.4 (11.2) 159,579 -3.0 (11.6)
12 Gross fixed capital
formation 428,033 17.8 (34.1) 410,767 5.6 (29.8)
13 Changes in stocks 44,903 (3.6) 45,295 (3.3)
14 Valuables 27,591 (2.2) 29,482 (2.1)
15 Exports
271,075 13.8 (21.6) 281,157 16.2 (20.4)
16 Less Imports 364,755 13.8 (29.0) 325,419 -7.3 (23.6)
17 Discrepancies -34,625 (-2.8) -51,641 (-3.8)
18 GDP at market price
(10 to 17) 1,256,776 10.4 (100) 1,376,242 9.7 (100)
E-UpDates March 2011 4 Surge Research Support
5. 2009-10 (QE)* Rs.Crore YoY Growth 2010-11 Rs.Crore YoY Growth
(%) (AE)* (%)
18 GDP at market price
48,69,317 9.1 53,42,571 9.7
19 Net Indirect Taxes (Less
Subsidies ) 375,574 463,339
9 GDP at factor cost
(18-19) 44,93,743 8.0 48,79,232 8.6
20 Net factor income from
abroad -28,889 -34,261
21 Gross national product
at factor cost 44,64,854 7.9 48,44,971 8.5
(9 + 20)
23 Net national
product/National
Income at factor cost
(Less Depreciation) 39,46,540 7.5 42,69,994 8.2
24 Population (in million)
1170 1186
25 Per capita income (Rs.)
(23/24) 33731 6.1 36003 6.7
*See February issue for details of Estimates of GDP(at factor cost) by Economic activity & Expenditures on GDP (at market prices)
Dec-10 Dec-09 Dec-10 FY2010-11 * FY2009-10*
Production Index Index 93-94 =100 Change (YoY, %)
(Index of Industrial
Production) 353.6 348.2 1.6 8.6 8.6
1. Mining 216.9 209.0 3.8 7.7 8.7
2. Manufacturing 385.0 381.1 1.0 9.1 8.9
3. Electricity 249.3 235.2 6.0 4.7 5.7
*Apr-Dec. Compilation is now based on new series of WPI (for the IIP items reported in value terms).
375
IIP-Annual Averages
350
Mining &
325
Quarrying (104.7)
300
275
Manufacturing
250
(793.6)
225
200
Electricity (101.7)
175
150
125
General Index
100
(1000.0)
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11
E-UpDates March 2011 5 Surge Research Support
6. Inflation
Wholesale Price Index
All Primary Non-food Crude
(Base: 2004-05=100) Food Articles Manufactured
Commodities Articles Articles Petroleum
(Inflation %) Products
November - 2010 142.3 (7.48) 182.6 180.2 167.7 196.4 128.4
December - 2010 144.1 (8.40) 188.9 186.9 171.6 201.1 128.9
January - 2011 145.9 (8.23) 193.4 190.7 177.9 207.5 129.9
Linked All Industrial Rural Agricultural
India UNME Workers Labourers Labourers
Consumer Price Index Base 1984- Base Base 1986- Base 1986-
(Inflation %) 85=100 2001=100 87=100 87=100
November - 2010 710 (8.4) 182 (8.33) 569 (6.95) 570 (7.14)
December - 2010 719 (9.4) 185 (9.47) 580 (8.01) 581 (7.99)
January - 2011 NA 188 (9.30) 588 (8.69) 589 (8.67)
Weekly Inflation (WPI)
WPI (Base 2004-05=100) New Series
150 Date Food price Primary articles
2008-09 2009-10 2010-11
4-Dec-10 9.46 13.25
145
11-Dec-10 12.13 15.35
140 18-Dec-10 14.44 17.24
25-Dec-10 18.32 20.2
135
1-Jan-11 16.91 17.58
130 8-Jan-11 15.52 17.03
15-Jan-11 15.57 17.26
125
22-Jan-11 17.05 18.44
120 29-Jan-11 13.07 16.24
115 5-Feb-11 11.05 14.58
12-Feb-11 11.49 15.77
110 19-Feb-11 10.39 14.84
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
E-UpDates March 2011 6 Surge Research Support
7. COMPONENTS & SOURCES OF MONEY STOCK (M3) AND THEIR VARIATIONS (Rs crores)
March 31 December January
2010 2010 2011
M3 5,579,567 6,202,428 6,239,385
% change during the month 3.00 2.33 0.60
% change since March 31 16.80 11.16 11.83
(A) Components of M3 ( 1+2+3+4)
1 Currency with the public 768,048 868,918 888,120
% change during the month 1.72 0.18 2.21
% change since March 31 15.27 13.13 15.63
2 Demand deposits with banks 714,157 707,548 658,989
% change during the month 13.39 5.62 (6.86)
% change since March 31 22.81 (0.93) (7.72)
3 Time deposits with banks 4,093,577 4,622,329 4,678,906
% change during the month 1.62 2.27 1.22
% change since March 31 16.17 12.92 14.30
4 Other deposits with RBI 3,785 3,632 13,370
% change during the month 2.52 (13.28) 268.12
% change since March 31 (32.08) (4.04) 253.24
(B) Sources of M3 (5+6+7+8-9)
5 Net bank credit to govt.(i+ii) 1,668,258 1,792,169 1,822,327
% change during the month 5.06 (1.10) 1.68
% change since March 31 30.56 7.43 9.24
i RBI's credit 220,218 263,952 269,302
% change during the month 45.00 3.10 2.03
% change since March 31 257.61 19.86 22.29
ii Other banks' credit 1,448,041 1,528,216 1,553,025
% change during the month 0.84 (1.79) 1.62
% change since March 31 19.07 5.54 7.25
6 Bank credit to commercial sector (i+ii) 3,483,253 4,027,237 3,995,507
% change during the month 4.41 4.55 (0.79)
% change since March 31 15.32 15.62 14.71
i RBI's credit 1,328 1,626 1,325
% change during the month (71.82) - (18.51)
% change since March 31 (90.39) 22.44 (0.23)
ii Other banks' credit 3,481,925 4,025,611 3,994,181
% change during the month 4.52 4.55 (0.78)
% change since March 31 15.81 15.61 14.71
7 Net foreign exchange assets of the banking
1,275,039 1,365,276 1,396,918
sector
% change during the month (2.43) 1.15 2.32
% change since March 31 (5.71) 7.08 9.56
8 Government's currency liabilities to the
10,919 12,152 12,152
public
% change during the month 1.75 3.32 -
% change since March 31 8.60 11.29 11.29
9 NNML of the banking sector (i+ii) 857,902 994,406 987,518
% change during the month 4.04 3.10 (0.69)
% change since March 31 (3.47) 15.91 15.11
i RBI's NNML 310,301 343,030 373,698
% change during the month (8.66) (2.60) 8.94
% change since March 31 (20.01) 10.55 20.43
ii Other bank's NNML(Residual) 547,601 651,376 613,820
% change during the month 12.93 6.38 (5.77)
% change since March 31 9.34 18.95 12.09
Note: (i) Figures in parentheses denote negative numbers.
E-UpDates March 2011 7 Surge Research Support
8. COMPONENTS & SOURCES OF RESERVE MONEY AND THEIR VARIATIONS (Rs crore)
March 31 January February
2010 2011 2011
Reserve Money : 1,155,281 1,247,056 1,279,123
% change during the month 0.48 2.57
% change since March 31 7.94 10.72
(A) Components of Reserve Money (1+2+3)
1 Currency in circulation 799,198 924,666 940,936
% change during the month 2.02 1.76
% change since March 31 15.70 17.74
2 Banker's deposits with RBI 352,299 309,020 334,568
% change during the month (6.71) 8.27
% change since March 31 (12.28) (5.03)
3 "Other" deposits with RBI 3,785 13,370 3,618
% change during the month 278.22 (72.94)
% change since March 31 253.24 (4.41)
(B) Sources of Reserve Money (4+5+6+7-8)
4 Net RBI credit to Government 220,218 269,302 300,211
% change during the month 2.03 11.48
% change since March 31 22.29 36.32
RBI credit to Banks & Commercial Sector
2,497 5,793 4,996
5
% change during the month (13.58) (13.76)
% change since March 31 132.00 100.08
5.1 RBI credit to banks(including NABARD) 1,169 4,468 3,426
% change during the month (12.01) (23.32)
% change since March 31 282.21 193.07
5.2 RBI credit to Commercial Sector 1,328 1,325 1,570
% change during the month (18.46) 18.49
% change since March 31 (0.23) 18.22
6 Net Foreign Exchange Assets of RBI 1,231,949 1,333,507 1,333,268
% change during the month 2.43 (0.02)
% change since March 31 8.24 8.22
7 Govt's Currency Liabilities to the Public 10,919 12,152 12,152
% change during the month 3.32 -
% change since March 31 11.29 11.29
8 Net Non-monetary Liabilities of RBI 310,301 373,698 371,505
% change during the month 8.91 (0.59)
% change since March 31 20.43 19.72
Note: (i) Figures in parentheses denote negative numbers.
E-UpDates March 2011 8 Surge Research Support
13. Weighted Average YTMs
7.50
8.00
8.50
9.00
9.50
10.00
7.00
7.20
7.40
7.60
7.80
8.00
8.20
8.40
8.60
8.80
September 2012 April-2012
May-2012
January 2013 September-2013
November-2014
December 2013 June-2015
E-UpDates March 2011
September-2015
April-2016
January 2014
January-2017
April-2017
January 2014
July-2017
January-2018
May 2015 January-2018
April-2018
November-2018
13
December 2015
June-2019
January-2020
October 2016
Maturity Year
May-2020
Debt Market Yields
December-2020
November 2020
May-2021
Yields of Gsecs Traded in February 2011
May-2021
January 2021 February-2022
August-2022
January 2021 September-2022
Yields of Benchmark Corporate Bonds (AAA) - February 2011
February-2027
October 2021 August-2027
February-2032
August-2032
Surge Research Support
December 2022
August-2034
September-2035
December 2030
July-2040
14. Equity Market Turnover
BSE Equity Market BSE Sensitive Index, Sensex (30 Scrips) (1978-79=100)
Average
Daily Market
No of co.s No. of scrips Turnover Turnover Capitalisation Month-
Month/Year listed* traded (Rs.cr) (Rs.cr) (Rs.cr)* High Low Closing P/E P/B Div Yield
Nov-10 5022 3058 105787.32 5037.49 7065715.34 21108.64 18954.82 19521.25 23.03 3.71 1.06
Dec-10 5034 3106 81425.54 3701.16 7294570.46 20552.03 19074.57 20509.09 22.93 3.73 1.05
Jan-11 5047 3048 69711.01 3485.55 6593176.31 20664.8 18038.48 18327.76 22.00 3.62 1.08
NSE Capital Market Segment S&P CNX Nifty (50 Scrips)(Nov.3, 1993=100)
Average
Daily Market
No of co.s No. of scrips Turnover Turnover Capitalisation Month-
Month/Year listed* traded (Rs.cr) (Rs.cr) (Rs.cr)* High Low Closing P/E P/B Div Yield
Nov-10 1536 1538 363993.00 17333.00 6894912.00 6338.50 5690.35 5862.70 24.39 3.81 1.03
Dec-10 1552 1623 295685.00 13440.00 7139310.00 6147.30 5721.15 6134.50 23.82 3.76 1.05
Jan-11 1558 1549 267332.00 13367.00 6441491.00 6181.05 5416.65 5505.90 22.84 3.65 1.08
*End of the Month.
Derivatives Turnover
BSE Derivatives (F&O) Trades
Index Futures Stock Futures Index Options Stock Options Total Average
Notional Notional Daily
No. of Turnover (Rs. No. of Turnover No. of Turnover No. of Turnover No. of Turnover Turnover
Month / Year contracts cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) (Rs. cr.)
Nov-10 37 1.12 …. … … … … … 37 1.12 0.05
Dec-10 435 12.92 …. … … … … … 435 12.92 0.06
Jan-11 39 1.13 …. … … … … … 39 1.13 0.06
NSE Derivatives (F&O) Segment
Index Futures Stock Futures Index Options Stock Options Total Average
Notional Notional Daily
No. of Turnover (Rs. No. of Turnover No. of Turnover No. of Turnover No. of Turnover Turnover
Month / Year contracts cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) contracts (Rs. cr.) (Rs. cr.)
Nov-10 14761031 424789.14 18364437 539872.48 62618461 1902943.6 3055321 98240.98 98799250 2965846.19 141230.77
Dec-10 11406712 322793.26 15409764 432644.26 50684431 1519280.3 2741412 82391.22 80242319 2357108.95 107141.32
Jan-11 14095425 384484.41 14823064 411149.08 67038657 1962515.6 2771609 83684.81 98728755 2841833.90 142091.70
E-UpDates March 2011 14 Surge Research Support