ANNEX I
LIST OF SPEECHES BY GOVERNOR AND DEPUTY
GOVERNORS: APRIL 2009 TO AUGUST 2010
Sl. No. |
Title of Speech |
Speech by |
Date |
1 |
2 |
3 |
4 |
1 |
Platinum Jubilee Celebrations - Governor's Address to Staff |
Dr. Duvvuri Subbarao, Governor |
April 01, 2009 |
2 |
Global Financial Crisis: Causes, Impact, Policy Responses and Lessons |
Dr. Rakesh Mohan, Dy. Governor |
April 23, 2009 |
3 |
Statement by Governor at IMFC |
Dr. Duvvuri Subbarao, Governor |
April 25, 2009 |
4 |
Sub-National Fiscal Reforms and Debt Management - Indian Experience |
Smt. Shyamala Gopinath, Dy. Governor |
April 29, 2009 |
5 |
Information Technology and Banking - A Continuing Agenda |
Dr. Duvvuri Subbarao, Governor |
May 18, 2009 |
6 |
Risk Management in the Midst of the Global Financial Crisis |
Dr. Duvvuri Subbarao, Governor |
May 22, 2009 |
7 |
Addressing the Regulatory Perimeter Issues - Indian Experience |
Smt. Shyamala Gopinath, Dy. Governor |
June 03, 2009 |
8 |
Emerging Contours of Financial Regulation: Challenges and Dynamics |
Dr. Rakesh Mohan, Dy. Governor |
June 10, 2009 |
9 |
Impact of Global Financial Crisis on Reserve Bank of India as a National Regulator |
Smt. Usha thorat, Dy. Governor |
June 29, 2009 |
10 |
Governor's Inaugural Address: third Annual Statistics Day Conference |
Dr. Duvvuri Subbarao, Governor |
July 02, 2009 |
11 |
An Interview with centralbanking.com, London |
Dr. Duvvuri Subbarao, Governor |
July 02, 2009 |
12 |
Pushing Financial Inclusion - Some Regulatory Issues and Recent Developments |
Dr. K. C. Chakrabarty, Dy. Governor |
July 17, 2009 |
13 |
Global Financial Crisis: Questioning the Questions |
Dr. Duvvuri Subbarao, Governor |
July 31, 2009 |
14 |
Technology, Financial Inclusion and Role of Urban Co-operative Banks |
Dr. K. C. Chakrabarty, Dy. Governor |
August 09, 2009 |
15 |
Banking: Key Driver for Inclusive Growth |
Dr. K. C. Chakrabarty, Dy. Governor |
August 10, 2009 |
16 |
Panel Discussion on 'Challenges for the Central Banks' |
Dr. M. Narasimham, Dr. C. Rangarajan, Dr. Y.V. Reddy and Dr. Duvvuri Subbarao |
August 14, 2009 |
17 |
Ethics and the World of Finance |
Dr. Duvvuri Subbarao, Governor |
August 28, 2009 |
18 |
Banking and Finance in India: Developments, Issues and Prospects |
Dr. K. C. Chakrabarty, Dy. Governor |
August 31, 2009 |
19 |
India's Economic Transformation - A Snapshot |
Dr. K. C. Chakrabarty, Dy. Governor |
September 07, 2009 |
20 |
Global Agenda for Regulatory and Supervisory Reforms: the Stock Taking and Way Forward |
Smt. Usha thorat, Dy. Governor |
September 08, 2009 |
21 |
Financial Stability: Issues and Challenges |
Dr. Duvvuri Subbarao, Governor |
September 10, 2009 |
22 |
Sustaining Growth Potential - Focus on Key Sectors |
Smt. Usha thorat, Dy. Governor |
September 11, 2009 |
23 |
Global Crisis: Genesis, Challenges and Opportunities Unleashed |
Dr. K. C. Chakrabarty, Dy. Governor |
September 25, 2009 |
24 |
Emerging Market Concerns: An Indian Perspective |
Dr. Duvvuri Subbarao, Governor |
October 05, 2009 |
25 |
Learning from Crises |
Smt. Usha thorat, Dy. Governor |
October 12, 2009 |
26 |
Changing Dynamics of Legal Risks in Financial Sector |
Smt. Shyamala Gopinath, Dy. Governor |
October 30, 2009 |
27 |
Philosophy and Practice of Financial Sector Regulation -Space for Unorthodoxy |
Smt. Shyamala Gopinath, Dy. Governor |
November 02, 2009 |
28 |
Financial Crisis and Beyond |
Smt. Shyamala Gopinath, Dy. Governor |
November 10, 2009 |
29 |
Should Banking be Made Boring? - An Indian Perspective |
Dr. Duvvuri Subbarao, Governor |
November 25, 2009 |
30 |
GenNext Banking: Issues and Perspectives |
Dr. K. C. Chakrabarty, Dy. Governor |
November 25, 2009 |
31 |
Emerging Blueprint for Prudential Regulation - Assessment and Challenges |
Smt. Shyamala Gopinath, Dy. Governor |
November 27, 2009 |
32 |
Furthering Financial Inclusion through Financial Literacy and Credit Counselling |
Dr. K. C. Chakrabarty, Dy. Governor |
November 30, 2009 |
33 |
Mobile Commerce, Mobile Banking - the Emerging Paradigm |
Dr. K. C. Chakrabarty, Dy. Governor |
December 04, 2009 |
34 |
Financial Inclusion: Challenges and Opportunities |
Dr. Duvvuri Subbarao, Governor |
December 09, 2009 |
35 |
India's Economic Recovery: Drivers & Risks |
Dr. Subir Gokarn, Dy. Governor |
December 24, 2009 |
36 |
Current Macroeconomic Developments in India |
Smt. Shyamala Gopinath, Dy. Governor |
December 28, 2009 |
37 |
Financial Markets - Some Regulatory Issues and Recent Developments |
Smt. Shyamala Gopinath, Dy. Governor |
January 04, 2010 |
38 |
Risk Management - Priorities for the Indian Banking Sector |
Smt. Usha thorat, Dy. Governor |
January 12, 2010 |
39 |
Address by Governor on the occasion of release of the book -'Perspectives on Central Banking: Governors Speak' by the Hon'ble Prime Minister |
Dr. Duvvuri Subbarao, Governor |
January 15, 2010 |
40 |
Welcome address by Governor on the occasion of release of the RBI Commemorative Stamp by Her Excellency the President of India |
Dr. Duvvuri Subbarao, Governor |
January 16, 2010 |
41 |
Inaugural Address: Funding of Deposit Insurance System |
Dr. Duvvuri Subbarao, Governor |
January 18, 2010 |
42 |
Key Note Address: Funding of Deposit Insurance System |
Smt. Usha thorat, Dy. Governor |
January 18, 2010 |
43 |
Financial Development and Deposit Insurance: Some Linkages |
Dr. Subir Gokarn, Dy. Governor |
January 18, 2010 |
44 |
Interview with Business Standard |
Dr. Subir Gokarn, Dy. Governor |
February 01, 2010 |
45 |
Infrastructure Finance: Experiences and the Road Ahead |
Dr. K. C. Chakrabarty, Dy. Governor |
February 05, 2010 |
46 |
Indian Perspective on Banking Regulation |
Smt. Usha thorat, Dy. Governor |
February 08, 2010 |
47 |
'Exit from the Crisis Cannot be Drastic' -Interview with Mint Newspaper |
Dr. Subir Gokarn, Dy. Governor |
February 08, 2010 |
48 |
Inaugural Address by Governor at the First International Research Conference on 'Challenges for Central Banking in the Context of Financial Crisis' |
Dr. Duvvuri Subbarao, Governor |
February 12, 2010 |
49 |
Welcome Remarks: Fourteenth C. D. Deshmukh Memorial Lecture |
Dr. Duvvuri Subbarao, Governor |
February 15, 2010 |
50 |
Welcome Remarks: Eleventh L. K. Jha Memorial Lecture |
Dr. Duvvuri Subbarao, Governor |
February 24, 2010 |
51 |
Pursuit of Complete Markets - the Missing Perspectives |
Smt. Shyamala Gopinath, Dy. Governor |
February 28, 2010 |
52 |
Joint Function of RBI and Government of Karnataka on Financial Literacy Projects in Karnataka |
Dr. Duvvuri Subbarao, Governor |
March 22, 2010 |
53 |
Some Issues in Currency Management |
Dr. Duvvuri Subbarao, Governor |
March 22, 2010 |
54 |
Financial Education: Worthy and Worthwhile |
Dr. Duvvuri Subbarao, Governor |
March 22, 2010 |
55 |
Foundation Laying Ceremony for Security Paper Mill at Mysore: Welcome Address |
Smt. Usha thorat, Dy. Governor |
March 22, 2010 |
56 |
RBI-OECD Workshop - Delivering Financial Literacy: Challenges, Strategies and Instruments - Welcome Address |
Dr. K. C. Chakrabarty, Dy. Governor |
March 22, 2010 |
57 |
People, Jobs and Productivity: the 'Simple' Dynamics of Inclusive Growth |
Dr. Subir Gokarn, Dy. Governor |
March 26, 2010 |
58 |
Looking Back and Looking Ahead |
Dr. Duvvuri Subbarao, Governor |
April 01, 2010 |
59 |
Silver Jubilee Function of Institute of Banking Personnel Selection |
Dr. K. C. Chakrabarty, Dy. Governor |
April 02, 2010 |
60 |
the Economics of Ecosystems and Biodiversity Workshop |
Smt. Usha thorat, Dy. Governor |
April 13, 2010 |
61 |
Statement at the IMFC |
Dr. Duvvuri Subbarao, Governor |
April 24, 2010 |
62 |
India and the Global Financial Crisis: Transcending from Recovery to Growth |
Dr. Duvvuri Subbarao, Governor |
April 26, 2010 |
63 |
New Paradigms in IT Security in Indian Banks |
Dr. K. C. Chakrabarty, Dy. Governor |
April 26, 2010 |
64 |
Key Note Address at Review Meet on Implementation of Revival Package for Short Term Rural Co-operative Credit Structure |
Dr. K. C. Chakrabarty, Dy. Governor |
April 30, 2010 |
65 |
Volatility in Capital Flows: Some Perspectives |
Dr. Duvvuri Subbarao, Governor |
May 11, 2010 |
66 |
Bank Credit to MSMEs: Present Status and Way Forward |
Dr.K.C.Chakrabarty, Dy. Governor |
May 21, 2010 |
67 |
RBI Archives - Way Forward |
Dr. Duvvuri Subbarao, Governor |
June 01, 2010 |
68 |
Financial Regulation and Financial Inclusion - Working Together at Cross Purposes |
Smt. Usha thorat, Dy. Governor |
June 02, 2010 |
69 |
Financial Deepening by Putting Financial Inclusion Campaign in Mission Mode |
Dr. K. C. Chakrabarty, Dy. Governor |
June 17, 2010 |
70 |
Harnessing Technology to Bank the Unbanked |
Dr. Duvvuri Subbarao, Governor |
June 18, 2010 |
71 |
Central Banks Must Distill Lessons from the Global Crisis and Make Concrete Reforms |
Dr. Duvvuri Subbarao, Governor |
July 02, 2010 |
72 |
Banking Technology Beyond CBS |
Dr. K. C. Chakrabarty, Dy. Governor |
July 02, 2010 |
73 |
Over the Counter Derivative Markets in India - Issues and Perspectives |
Smt. Shyamala Gopinath, Dy. Governor |
July 28, 2010 |
74 |
Financial Crisis - Some Old Questions and May be Some New Answers |
Dr. Duvvuri Subbarao, Governor |
August 05, 2010 |
75 |
Securitisation Markets in India - A Post Crisis Perspective |
Smt. Shyamala Gopinath, Dy. Governor |
August 10, 2010 |
76 |
Managing Inflation in the Post Crisis Environment |
Dr. Subir Gokarn, Dy. Governor |
August 12, 2010 |
ANNEX II
RBI PLATINUM JUBILEE : MAJOR EVENTS AND ACTIVITIES
Date/Month/Year |
Events and Activities |
1 |
2 |
June 2009 |
|
| |
(i) |
Commencement of outreach visits by the Bank’s Regional Offices to select areas in the respective State/region. |
| |
(ii) |
Beginning of “Down Memory Lane” sessions in the form of get-togethers with retired employees at all Regional Offices. |
July 2009 |
|
2nd |
Conference to mark “Statistics Day” in Mumbai. |
29th |
Launch of “Issue of Issues” of the Bank’s In-house journal, “Without Reserve”. |
30th |
Cultural Meet for East Zone Offices at Bhubaneswar. |
August 2009 |
|
14th |
High-level Symposium on “Challenges for Central Banks” at Hyderabad. |
29th |
Cultural Meet for North Zone Offices at Chandigarh. |
September 2009 |
|
18th |
Cultural Meet for South Zone Offices at Chennai. |
October 2009 |
|
30th |
Seminar on “Changing Dynamics of Legal Risks in Financial Sector” at Kochi. |
November 2009 |
|
17th |
Cultural Meet for West Zone Offices at Ahmedabad. |
19th to 21st |
RBI Senior Management Retreat at Alibaug near Mumbai. |
December 2009 |
|
7th |
Release of a Brochure on RBI and RBI Platinum Jubilee Calendar for the year 2010 at Mumbai. |
11th to 17th |
All India RBI Sports Meet at Kolkata. |
January 2010 |
|
15th |
Release of a “Compendium of Speeches” by the RBI Governors over the years by the Hon’ble Prime Minister of India at his residence in New Delhi. |
16th |
Release of RBI Commemorative Stamp by Her Excellency, the President of India at RBI office, New Delhi. |
18th to 20th |
8th IADI Asia Regional Committee meeting and International Conference at Goa. |
26th |
Investiture Ceremony on the Republic Day celebrations at Mumbai. |
29th |
All India RBI Cultural Meet at Birla Matoshree Auditorium, Mumbai. |
February 2010 |
|
1st |
NDTV Profit Open House Panel Discussion on “RBI and the Common Person” at Egmore Museum, Chennai. |
1st |
Financial Education Exhibition at Kolkata. |
12th and 13th |
First International Research Conference in Mumbai. |
15th |
Platinum Jubilee CD Deshmukh Memorial Lecture delivered in Mumbai by Lord Adair Turner, Chairman, FSA, UK. |
24th |
Platinum Jubilee LK Jha Memorial Lecture delivered in Mumbai by Prof. John Taylor of Stanford University. |
March 2010 |
|
5th |
CNBC Awaaz Open House Panel Discussion at Asiatic Society, Mumbai. |
6th |
(i) Post-Budget meeting of the Central Board of Directors with Hon’ble Union Finance Minister at Mumbai. |
| |
(ii) Release of film on outreach visits. |
| |
(iii) Release of Report of the Working Group on Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE). |
20th |
Get-together over a Cultural Event with popular performers in Andheri, Mumbai. |
22nd and 23rd |
(i) International Seminar in collaboration with OECD on Financial Literacy at Bangalore. |
| |
(ii) Release of book on Financial Literacy. |
| |
(iii) Launch of Financial Inclusion and Literacy (including Electronic Benefit Transfer) Initiative in Karnataka. |
24th to 30th |
Illumination of all RBI Office Buildings for one week. |
April 2010 |
|
|
1st |
(i) |
Grand Finale event in Mumbai in the presence of Hon’ble Prime Minister of India, Hon’ble Union Finance Minister and other dignitaries at National Centre for Performing Arts (NCPA), Mumbai. |
| |
(ii) |
Commemorative Coin on RBI, released by the Hon’ble Prime Minister of India. |
| |
(iii) |
“Mint Road Milestones” – an illustrated chronology of the landmark events in the RBI’s History, released by the Hon’ble Union Finance Minister. |
ANNEX III
VISITS OF FOREIGN DELEGATIONS TO THE
RESERVE BANK DURING JULY 1, 2009 TO JUNE 30, 2010
No. |
Date |
Foreign Delegates/Delegation |
RBI Executives |
1 |
2 |
3 |
4 |
1. |
July 13, 2009 |
Mr. Yang Kaisheng, President of Industrial and Commercial Bank of China Ltd. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath, Dr. K. C. Chakrabarty, Deputy Governors, S/Shri V.K.Sharma, Anand Sinha and Deepak Mohanty, Executive Directors. |
2. |
July 15, 2009 |
NDRC Chinese delegation headed by Dr. Kong Jingyuan, Director General, Department of Economic System Reform, National Development and Reform Commission. |
S/Shri Anand Sinha and Deepak Mohanty, Executive Directors. |
3. |
August 14, 2009 |
Mr. Raymond J. Ellis, Vice President of US Exim Bank. |
Dr. K. C. Chakrabarty, Deputy Governor. |
4. |
August 24, 2009 |
Dr. Jim Walker, Founder and Managing Director of Asianomics Ltd., Hong Kong. |
Dr. K. C. Chakrabarty, Deputy Governor. |
5. |
August 26-28, 2009 |
Kenya Monetary Policy Committee. |
Shri Deepak Mohanty, Executive Director. |
6. |
September 02, 2009 |
Lord Leon Brittan of Spennithorne, Vice Chairman of UBS Investment Bank, London. |
Dr. K. C. Chakrabarty, Deputy Governor. |
7. |
September 10, 2009 |
Mr. Atiur Rehman, Governor, Bangladesh Bank. |
Smt. Usha thorat, Deputy Governor. |
8. |
September 10, 2009 |
Small Group of very large and distinguished Investors from institutions such as the Government of Singapore’s Sovereign Wealth Fund. |
Shri V.K. Sharma, Executive Director. |
9. |
September 11, 2009 |
Dr. Derek Scissors, Asia Economics Research Fellow, the Heritage Foundation, Washington, USA. |
Dr. K. C. Chakrabarty, Deputy Governor, Shri H. R. Khan, Executive Director. |
10. |
September 17, 2009 |
Mr. Merwyn Davies, UK Minister for Trade and Investment. |
Smt. Usha thorat and Dr. K. C. Chakrabarty, Deputy Governors. |
11. |
September 23, 2009 |
Mr. Nkosana Mashiya, Chief Director, Financial Markets and Stability, South African National Treasury, Mr. Charles Nevhutanda, Deputy Head, Exchange Control Department, South African Reserve Bank and Mr. Unathi Kamlana, Director, Prudential Regulation, South African National Treasury. |
Smt. Shyamala Gopinath, Deputy Governor. |
12. |
October 20, 2009 |
Alderman Ian David Ludar, the Mayor of the City of London. |
Dr. K. C. Chakrabarty, Deputy Governor. |
13. |
October 27, 2009 |
Mr. Jean Pierre Landau, Vice Governor, Banque de France. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath and Dr. K. C. Chakrabarty, Deputy Governors. |
14. |
October 27, 2009 |
Mrs. Anne Marie Idrac, Minister of State for Foreign Trade, Republic of France. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath and Dr. K. C. Chakrabarty, Deputy Governors. |
15. |
November 11, 2009 |
Mr. M. A. Delun, Deputy Governor, People’s Bank of China. |
Smt. Shyamala Gopinath, Deputy Governor, S/Shri G. Gopalakrishna and Deepak Mohanty, Executive Directors. |
16. |
November 11, 2009 |
British Treasury Delegation led by Mr. thomas Scholar, Second Permanent Secretary. |
Smt. Shyamala Gopinath, Deputy Governor, S/Shri H. R. Khan and Deepak Mohanty, Executive Directors. |
17. |
November 17, 2009 |
Mr. David Mulford, Vice-Chairman, International of Credit Suisse Pvt. Ltd. and his delegates. |
Smt. Usha thorat, Deputy Governor. |
18. |
November 17, 2009 |
Dr. Metz, Head of the Consumer Protection Directorate within the German Federal Ministry of Food, Agriculture and Consumer Protection. |
Shri V. K. Sharma, Executive Director. |
19. |
November 26, 2009 |
Mr. FANG Shangpu, Deputy Administrator of State Administration of Foreign Exchange (SAFE) of People’s Republic of China and his delegation. |
Shri H. R. Khan, Executive Director. |
20. |
November 30, 2009 |
Mr. Michael D. Carson, Emerging Markets Group, Federal Reserve Bank of New York. |
Shri Deepak Mohanty, Executive Director. |
21. |
January 19, 2010 |
Mr.Wataru SAKATA, Director, Office of Foreign Exchange Reserve Management, Foreign Exchange Markets Division, International Bureau, Ministry of Finance, Japan. |
S/Shri V.K.Sharma and H. R. Khan, Executive Directors. |
22. |
February 05, 2010 |
Hon’ble Horst Kohler, President, Federal Republic of Germany and his delegation. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors and Shri Anand Sinha, Executive Director. |
23. |
February 08, 2010 |
Hon’ble John Lenders, the Victorian Treasurer and the Minister for Financial Affairs, Australia. |
Smt. Usha thorat, Deputy Governor, S/Shri V. K. Sharma, H. R. Khan and Deepak Mohanty, Executive Directors. |
24. |
February 09, 2010 |
Mr. Edgardo Torija-Zne, economist responsible for the emerging Asia macroeconomic scenario at the Economic Research Department of Natixis, France. |
Shri Deepak Mohanty, Executive Director. |
25. |
February 11, 2010 |
Microfinance Advisory Board delegation constituted by the Royal Bank of Scotland (RBS), UK. |
Shri V. K. Sharma, Executive Director. |
26. |
February 15, 2010 |
Mr. Mark Carney, Governor, Bank of Canada. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath, Smt. Usha thorat, Dr. K. C. Chakrabarty. and Dr. Subir Gokarn, Deputy Governors. |
27. |
February 15, 2010 |
Lord Adair Turner, Chairman, Financial Services Authority, UK. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath, Smt. Usha thorat, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors. |
28. |
February 24, 2010 |
Prof. John. B. Taylor, Stanford University, USA. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath, Smt. Usha thorat, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors. |
29. |
March 25, 2010 |
Mr. Gudin de Vallerin and Mr. Delozier, leading French economists of French Treasury. |
Dr. Subir Gokarn, Deputy Governor. |
30. |
April 07, 2010 |
US Treasury delegation led by Mr. Charles Collyns, Treasury Assistant Secretary for International Finance. |
Dr. Subir Gokarn, Deputy Governor, S/Shri H. R. Khan and Deepak Mohanty, Executive Directors. |
31. |
May 05, 2010 |
Hon’ble Simon Crean MP, Australian Minister for Trade. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath, Deputy Governor, S/Shri Anand Sinha and Deepak Mohanty, Executive Directors. |
32. |
May 05, 2010 |
Swedish Association of Corporate Treasurers. |
Shri Anand Sinha, Executive Director. |
33. |
May 25, 2010 |
Prof. Joseph E Stiglitz, Professor and Nobel Laureate on Economic Sciences. |
Dr. D. Subbarao, Governor, Smt. Shyamala Gopinath and Dr. K. C. Chakrabarty, Deputy Governors, S/Shri V. K. Sharma, C. Krishnan, Anand Sinha, V. S. Das, G. Gopalakrishna, H. R. Khan and Deepak Mohanty, Executive Directors. |
34. |
June 15, 2010 |
Ms. Sheila Bair, Chairman, Federal Deposit Insurance Corporation, USA. |
Dr. D. Subbarao, Governor, Smt. Usha thorat, Deputy Governor, S/Shri V. K. Sharma, C. Krishnan, Anand Sinha, G. Gopalakrishna, H. R. Khan and Deepak Mohanty Executive Directors and Shri H. N. Prasad, CEO of DICGC. |
ANNEX IV
MACROECONOMIC AND FINANCIAL INDICATORS
Item |
Average 1990-91 to 1999-2000 (10 years) |
Average 2000-01 to 2009-10 (10 years) |
Average 2003-04 to 2007-08 (5 years) |
2007-08 |
2008-09 |
2009-10 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
I. Real Economy |
|
|
|
|
|
|
I.1 Overall Real GDP (% change) |
5.7 |
7.3 |
8.9 |
9.2 |
6.7 |
7.4 |
a) Agriculture (% change) |
3.2 |
2.4 |
4.7 |
4.7 |
1.6 |
0.2 |
b) Industry (% change) |
5.7 |
7.4 |
9.1 |
9.3 |
3.1 |
10.4 |
Of which: Manufacturing (% change) |
5.6 |
8.1 |
10.0 |
10.3 |
3.2 |
10.8 |
c) Services (% change) |
7.1 |
8.8 |
10.1 |
10.4 |
9.3 |
8.3 |
Demand Side Aggregates |
|
|
|
|
|
|
d) Final Consumption Expenditure (% change) |
5.0 |
6.1 |
7.3 |
9.8 |
8.3 |
5.3 |
Of which: PFCE (% change) |
4.8 |
6.2 |
7.6 |
9.8 |
6.8 |
4.3 |
GFCE (% change) |
6.3 |
5.8 |
5.6 |
9.7 |
16.7 |
10.5 |
e) Gross Fixed Capital Formation (% change) |
7.2 |
10.3 |
15.5 |
15.2 |
4.0 |
7.2 |
I.2 Share in GDP |
|
|
|
|
|
|
a) Agriculture (%) |
28.4 |
19.3 |
18.7 |
16.4 |
15.7 |
14.6 |
b) Industry (%) |
20.1 |
20.0 |
20.1 |
20.7 |
20.0 |
20.5 |
c) Services (%) |
51.5 |
60.7 |
61.2 |
62.9 |
64.4 |
64.9 |
I.3 Foodgrains Production (Million tonnes) |
188.6 |
210.5 |
213.6 |
230.8 |
234.5 |
218.2 |
Of which |
|
|
|
|
|
|
Rice |
80.1 |
89.2 |
90.7 |
96.7 |
99.2 |
89.1 |
Wheat |
63.9 |
73.4 |
72.9 |
78.6 |
80.7 |
80.7 |
Pulses |
13.5 |
13.5 |
14.1 |
14.8 |
14.6 |
14.6 |
1.4 Commercial Crops (Million tonnes)# |
308.0 |
341.9 |
347.9 |
415.0 |
345.4 |
337.9 |
Of which: Oilseeds |
21.3 |
23.8 |
26.3 |
29.8 |
27.7 |
24.9 |
Sugarcane |
265.5 |
289.9 |
291.2 |
348.2 |
285.0 |
277.8 |
1.5 Food Stocks (Million tonnes) |
|
|
|
|
|
|
a) Procurement |
23.3 |
42.0 |
38.4 |
37.4 |
55.3 |
58.0 |
b) Off-take |
20.6 |
39.5 |
41.5 |
37.4 |
39.5 |
48.9 |
c) Stocks at end-March |
19.3 |
30.1 |
18.6 |
19.8 |
35.6 |
43.4 |
I.6 Index of Industrial Production (% change) |
6.3 |
7.0 |
8.7 |
8.5 |
2.8 |
10.5 |
Sectoral |
|
|
|
|
|
|
a) Mining |
3.4 |
4.3 |
4.2 |
5.1 |
2.6 |
9.9 |
b) Manufacturing |
6.5 |
7.5 |
9.4 |
9.0 |
2.8 |
10.9 |
c) Electricity |
7.0 |
4.8 |
5.8 |
6.3 |
2.8 |
6.0 |
Use-Based |
|
|
|
|
|
|
d) Basic Goods |
6.3 |
5.6 |
7.0 |
7.0 |
2.6 |
7.2 |
e) Capital Goods |
5.5 |
11.5 |
15.9 |
18.0 |
7.3 |
19.2 |
f) Intermediate Goods |
7.5 |
5.8 |
7.2 |
8.9 |
-1.9 |
13.6 |
g) Consumer Goods |
5.9 |
8.0 |
9.4 |
6.1 |
4.7 |
7.3 |
I.7 Core Infrastructure Industries (% change) |
6.3 |
5.5 |
6.6 |
5.9 |
3.0 |
5.5 |
I.8 Gross Domestic Saving Rate (% of GDP) |
23.0 |
30.2 |
33.2 |
36.4 |
32.5 |
- |
Of which: Household |
17.7 |
22.8 |
23.2 |
22.6 |
22.6 |
- |
Private Corporate |
3.8 |
6.1 |
7.1 |
8.7 |
8.4 |
- |
Public |
1.5 |
1.3 |
2.9 |
5.0 |
1.4 |
- |
I.9 Gross Domestic Investment Rate (% of GDP) |
24.4 |
30.9 |
34.0 |
37.7 |
34.9 |
35.0 |
II. Prices |
|
|
|
|
|
|
II.1 Wholesale Price Index Annual Average (% change) |
|
|
|
|
|
|
All Commodities |
8.1 |
5.3 |
5.3 |
4.7 |
8.4 |
3.8 |
All Commodities-Point to Point |
- |
- |
- |
7.7 |
1.2 |
11.0 |
Primary Articles |
9.4 |
5.7 |
5.3 |
7.6 |
10.1 |
11.0 |
of which : Food Articles |
10.2 |
5.3 |
4.4 |
5.5 |
8.0 |
14.7 |
Non-food Articles |
8.3 |
5.7 |
5.3 |
12.7 |
11.2 |
4.6 |
Fuel Group |
10.6 |
8.1 |
6.5 |
1.0 |
7.4 |
-2.4 |
Manufactured Products |
7.1 |
4.3 |
4.9 |
5.0 |
8.1 |
3.2 |
of which: Food Products |
8.6 |
5.0 |
4.5 |
4.3 |
10.0 |
16.7 |
Non-Food Products |
6.8 |
4.2 |
5.0 |
5.1 |
7.7 |
0.1 |
II.2 Consumer Price Index (CPI) (Average % Change) |
|
|
|
|
|
|
a) CPI- Industrial Workers |
9.5 |
5.9 |
5.0 |
6.2 |
9.1 |
12.4 |
Of which: CPI- Industrial Workers Food |
9.8 |
6.2 |
5.5 |
8.4 |
12.3 |
15.2 |
b) CPI- Agricultural Labourers |
9.3 |
5.4 |
5.1 |
7.5 |
10.2 |
13.9 |
III. Money and Credit |
|
|
|
|
|
|
III.1 Reserve Money (M0) (% change) |
13.9 |
15.4 |
20.4 |
31.0 |
6.4 |
17.0 |
Adjusted Reserve Money (% change) |
- |
- |
- |
25.3 |
19.0 |
13.0 |
a) Currency in Circulation (% change) |
15.2 |
15.1 |
15.9 |
17.2 |
17.0 |
15.7 |
b) Bankers’ Deposits with RBI (% change) |
13.3 |
17.9 |
32.6 |
66.5 |
-11.3 |
21.0 |
III.2 Narrow Money (M1) ( % change) |
15.6 |
15.4 |
18.3 |
19.4 |
9.0 |
18.6 |
III.3 Broad Money (M3) ( % change) |
17.2 |
17.0 |
17.7 |
21.4 |
19.3 |
16.8 |
a) Currency with Public (% change) |
15.2 |
15.1 |
16.0 |
17.7 |
17.1 |
15.4 |
b) Bank Credit to Commercial Sector (% of GDP) |
28.7 |
43.6 |
44.7 |
52.1 |
54.1 |
56.1 |
c) Bank Credit to Government (% of GDP) |
22.7 |
23.6 |
21.6 |
18.2 |
22.9 |
26.8 |
d) Currency-Deposit Ratio (%) |
23.1 |
17.8 |
17.8 |
16.5 |
16.1 |
15.9 |
e) Money Multiplier |
3.4 |
4.6 |
4.6 |
4.3 |
4.9 |
4.8 |
III.4 Scheduled Commercial Banks |
|
|
|
|
|
|
a) Aggregate Deposits (% change) |
17.2 |
18.1 |
19.0 |
22.4 |
19.9 |
17.2 |
b) Time Deposits (% change) |
17.4 |
18.5 |
18.5 |
22.5 |
23.9 |
16.2 |
c) Demand Deposits (% change) |
16.5 |
16.4 |
21.9 |
22.0 |
-0.2 |
23.4 |
d) Bank Credit (% change) |
15.9 |
21.8 |
25.5 |
22.3 |
17.5 |
16.9 |
e) Non-food Credit (% change) |
15.4 |
22.4 |
26.7 |
23.0 |
17.8 |
17.1 |
f) Investment in Government Securities (% change) |
20.9 |
17.7 |
13.3 |
23.5 |
20.6 |
19.3 |
g) Credit-Deposit Ratio (%) |
55.1 |
64.8 |
68.0 |
73.9 |
72.4 |
72.2 |
h) Credit-GDP Ratio (%) |
20.6 |
38.0 |
39.6 |
47.7 |
49.8 |
52.1 |
IV. Financial Markets |
|
|
|
|
|
|
IV.1 Interest rates (%) |
|
|
|
|
|
|
a) Call / Notice Money rate |
11.72 |
6.07 |
5.63 |
6.07 |
7.06 |
3.24 |
b) 10 year G-Sec yield |
12.33 |
7.53 |
6.97 |
7.91 |
7.54 |
7.23 |
c) 91-Days T-bill yield |
9.35+ |
6.13 |
5.79 |
7.11 |
7.10 |
3.57 |
d) Weighted Average interest rate on |
|
|
|
|
|
|
Central Government Borrowings |
12.33 |
7.78 |
7.16 |
8.12 |
7.69 |
7.23 |
e) Commercial Paper** |
12.45 |
8.19 |
7.74 |
9.81 |
10.84 |
6.26 |
IV.2 Liquidity (` crore) |
|
|
|
|
|
|
a) LAF Outstanding@ |
- |
- |
- |
-50350 |
1485 |
990 |
b) MSS Outstanding* |
- |
- |
- |
168392 |
88077 |
2737 |
c) Average Daily Call Money Market Turnover |
- |
- |
18492 |
21393 |
22436 |
15924 |
d) Average Daily G-Sec Market Turnover® |
- |
- |
7709 |
8104 |
10879 |
14426 |
IV.3 Policy Rates (%) |
|
|
|
|
|
|
a) Cash Reserve Ratio |
12.78 |
5.75 |
5.61 |
7.50 |
5.50 |
5.75 |
b) Repo rate © |
- |
6.80 |
6.29 |
7.75 |
5.00 |
5.00 |
c) Reverse Repo rate © |
- |
5.2 |
4.8 |
6.0 |
3.5 |
3.5 |
IV.4 Capital Market |
|
|
|
|
|
|
a) BSE Sensex: Level |
- |
- |
- |
15,644 |
9,709 |
17,528 |
Variation |
- |
- |
- |
19.7 |
-37.9 |
80.5 |
Coefficient of Variation |
- |
- |
- |
13.7 |
24.2 |
11.9 |
b) S&P CNX Nifty: Level |
- |
- |
- |
4735 |
3021 |
5249 |
Variation |
- |
- |
- |
23.9 |
-36.2 |
73.8 |
Coefficient of Variation |
- |
- |
- |
14.5 |
23.2 |
11.3 |
c) Turnover in BSE (` crore) |
|
|
|
|
|
|
Cash Segment |
- |
- |
- |
1,578,856 |
1,100,074 |
1,378,809 |
Derivative Segment |
- |
- |
- |
242,308 |
12,268 |
234 |
d) Turnover in NSE (` crore) |
|
|
|
|
|
|
Cash Segment |
- |
- |
- |
3,551,038 |
2,752,023 |
4,138,024 |
Derivative Segment |
- |
- |
- |
13,090,478 |
11,010,482 |
17,663,665 |
e) PE Ratio (as at end-March) |
|
|
|
|
|
|
BSE |
- |
- |
- |
20.1 |
13.7 |
21.3 |
NSE |
- |
- |
- |
20.6 |
14.3 |
22.3 |
f) Market Capitalisation (at end-March) |
|
|
|
|
|
|
BSE |
- |
- |
- |
5,138,015 |
3,086,076 |
6,164,157 |
NSE |
- |
- |
- |
4,858,122 |
2,896,194 |
6,009,173 |
Market Capitalisation to GDP (%) |
- |
- |
- |
103.8 |
55.4 |
98.9 |
g) Institutional Investments in |
|
|
|
|
|
|
Equity Markets (` crore) |
|
|
|
|
|
|
FIIs |
- |
- |
- |
52,574 |
-48,248 |
112,236 |
Mutual Funds |
- |
- |
- |
16,304 |
6,985 |
-10,512 |
h) Public Issues |
- |
- |
- |
83,707 |
14,671 |
32,607 |
Public Sector |
- |
- |
- |
20,069 |
- |
7,128 |
Private Sector |
- |
- |
- |
63,638 |
14,671 |
25,479 |
i) ADR/GDR Issues |
- |
- |
- |
26,556 |
4,788 |
15,967 |
j) Private Placements |
- |
- |
- |
212,725 |
204,057 |
342,445 |
Public Sector |
- |
- |
- |
82,998 |
108,368 |
108,345 |
Private Sector |
- |
- |
- |
129,727 |
95,689 |
234,100 |
k) Net Resource Mobilisation by |
|
|
|
|
|
|
Mutual Funds (` crore) |
- |
- |
- |
153,802 |
-28,296 |
83,080 |
V. Government Finances |
|
|
|
|
|
|
V.1 Central Government Finances (% of GDP) |
|
|
|
|
|
|
a) Total Revenue Receipts |
9.2 |
9.6 |
9.9 |
11.0 |
9.7 |
9.3 |
i) Tax Revenue |
6.8 |
7.2 |
7.6 |
8.9 |
8.0 |
7.5 |
ii) Non Tax Revenue |
2.5 |
2.3 |
2.3 |
2.1 |
1.7 |
1.8 |
b) Total Expenditure |
16.0 |
15.5 |
14.8 |
14.4 |
15.9 |
16.4 |
i) Revenue Expenditure |
12.3 |
13.0 |
12.2 |
12.0 |
14.2 |
14.5 |
of which |
|
|
|
|
|
|
Interest Payment |
4.2 |
4.0 |
3.8 |
3.5 |
3.4 |
3.5 |
ii) Capital Expenditure |
3.7 |
2.5 |
2.7 |
2.4 |
1.6 |
1.8 |
c) Revenue Deficit |
3.0 |
3.4 |
2.3 |
1.1 |
4.5 |
5.3 |
d) Fiscal Deficit |
5.9 |
4.9 |
3.6 |
2.6 |
6.0 |
6.7 |
e) Primary Deficit |
1.6 |
0.8 |
-0.2 |
-0.9 |
2.6 |
3.2 |
f) Domestic Debt |
48.0 |
57.0 |
58.3 |
55.1 |
54.5 |
54.2 |
V.2 State Finances ## |
|
|
|
|
|
|
a) Revenue Deficit (% of GDP) |
1.2 |
1.0 |
0.5 |
-0.9 |
-0.2 |
0.8 |
b) Gross Fiscal Deficit (% of GDP) |
3.1 |
3.2 |
2.7 |
1.5 |
2.4 |
3.4 |
c) Primary Deficit (% of GDP) |
1.2 |
0.8 |
0.3 |
-0.5 |
0.6 |
1.6 |
d) Outstanding Liabilities (% of GDP)§ |
22.3 |
29.4 |
30.2 |
26.8 |
26.2 |
26.2 |
VI. External Sector |
|
|
|
|
|
|
VI.1 Balance of Payments |
|
|
|
|
|
|
a) Merchandise Exports (% change)Δ |
8.6 |
17.7 |
25.4 |
28.9 |
13.7 |
-3.6 |
Oil Exports (% change)Δ |
-13.5 |
- |
62.6 |
52.2 |
-2.9 |
2.1 |
Non Oil Exports (% change)Δ |
8.9 |
15.6 |
21.9 |
24.8 |
17.2 |
-4.6 |
b) Merchandise Imports (% change)Δ |
9.6 |
20.2 |
32.7 |
35.4 |
20.8 |
-5.6 |
Oil Imports (% change)Δ |
17.7 |
22.9 |
35.7 |
39.9 |
17.6 |
-7.0 |
Non Oil Imports (% change)Δ |
8.8 |
19.4 |
31.6 |
33.4 |
22.3 |
-4.9 |
c) Trade Balance/GDP (%) |
-2.8 |
-5.3 |
-5.4 |
-7.4 |
-9.8 |
-8.9 |
d) Invisible Balance/GDP (%) |
1.6 |
4.8 |
5.1 |
6.2 |
7.4 |
6.0 |
e) Current Account Balance/GDP (%) |
-1.3 |
-0.5 |
-0.3 |
-1.3 |
-2.4 |
-2.9 |
f) Net Capital Flows /GDP(%) |
2.2 |
3.4 |
4.6 |
8.7 |
0.6 |
4.1 |
g) Current Account Balance (US$ billion) |
-4.4 |
-8.4 |
-4.7 |
-15.7 |
-28.7 |
-38.4 |
Net Invisibles |
6.0 |
44.0 |
45.8 |
75.7 |
89.9 |
78.9 |
Of which: Services |
1.3 |
21.0 |
23.4 |
38.9 |
49.6 |
34.2 |
Private Transfers |
7.8 |
27.9 |
27.6 |
41.7 |
44.6 |
52.1 |
Investment Income |
-3.5 |
-4.7 |
-4.9 |
-4.4 |
-4.0 |
-6.6 |
h) Net Capital Flows (US$ billion) |
7.7 |
31.1 |
44.4 |
106.6 |
7.2 |
53.6 |
Of which :FDI to India |
1.6 |
15.9 |
15.3 |
34.7 |
35.0 |
31.7 |
FIIs |
1.3 |
7.1 |
10.6 |
20.3 |
-15.0 |
29.0 |
NRI Deposits |
1.3 |
2.5 |
2.0 |
0.2 |
4.3 |
2.9 |
i) Reserve Changes (BoP basis) (US $ billion) |
|
|
|
|
|
|
[(Increase (-)/Decrease (+)] |
-3.3 |
-22.9 |
-40.3 |
-92.2 |
20.1 |
-13.4 |
Reserves Outstanding (US$ billion)* |
22 |
162 |
183 |
310 |
252 |
279 |
VI.2 External Debt Indicators |
|
|
|
|
|
|
a) External Debt Stock (US$ billion)* |
93 |
157 |
156 |
224 |
225 |
261 |
b) Debt-GDP Ratio (%) |
29.0 |
19.2 |
17.6 |
18.1 |
20.5 |
18.9 |
c) Import cover of Reserves (in Months)* |
6.5 |
12.6 |
14.0 |
14.4 |
9.8 |
11.2 |
d) Short-term Debt to Total Debt (%)* |
6.0 |
11.8 |
13.6 |
20.4 |
19.3 |
20.1 |
e) Debt Service Ratio (%) |
24.9 |
9.8 |
8.5 |
4.7 |
4.4 |
5.5 |
f) Reserves to Debt (%)* |
23.0 |
96.0 |
114.2 |
138.0 |
112.2 |
106.7 |
VI.3 Openness Indicators (%) |
|
|
|
|
|
|
a) Export plus Imports of Goods/GDP |
18.8 |
29.7 |
30.5 |
34.5 |
41.0 |
36.7 |
b) Export plus Imports of Goods & Services/GDP |
22.9 |
39.4 |
40.9 |
46.0 |
53.7 |
48.4 |
c) Current Receipts plus Current Payments/GDP |
26.8 |
45.4 |
46.7 |
52.5 |
60.5 |
55.2 |
d) Gross Capital Inflows plus Outflows/GDP |
15.1 |
33.8 |
36.9 |
62.7 |
51.0 |
48.3 |
e) Current Receipts & Payments plus Capital |
|
|
|
|
|
|
Receipts & Payments /GDP |
41.9 |
79.2 |
83.6 |
115.2 |
111.5 |
103.5 |
V.4 Exchange Rate Indicators |
|
|
|
|
|
|
a) Exchange Rate (Rupee/US Dollar) |
|
|
|
|
|
|
End of Period |
34.1 |
45.4 |
43.1 |
40.0 |
50.9 |
45.1 |
Average |
32.7 |
45.6 |
44.1 |
40.2 |
45.9 |
47.4 |
b) 36- Currency REER (Percentage Change) |
-0.04@@ |
0.4 |
1.0 |
1.4 |
-13.6 |
13.3 |
c) 36- Currency NEER (Percentage Change) |
-1.3@@ |
-0.3 |
0.5 |
3.3 |
-10.3 |
9.3 |
d) 6- Currency REER (Percentage Change) |
0.4@@ |
1.5 |
2.5 |
3.3 |
-14.0 |
20.0 |
e) 6- Currency NEER (Percentage Change) |
-4.0@@ |
-1.4 |
0.4 |
1.0 |
-14.8 |
10.2 |
- : Not Available/Not Applicable.
** : Average of high and low discount rates.
# : Includes oilseeds, sugarcane, cotton (lint), and raw jute and mesta.
## : Data for 2008-09 (Accounts) and 2009-10 (Revised Estimate) based on budgets of 27 State Governments.
§ : Data for 2008-09 (Accounts) and 2009-10 (Revised Estimate) are provisional.
@ : (-)/(+)indicates injection/absorption of liquidity at end-March.
* : At end of the period.
® : Outright turnover in Central Government dated securities.
@@ : Average of 1994-95 to 1999-2000.
© : With effect from October 29, 2004, nomenclature of repo and reverse repo has been interchanged as per international usage. Prior to that date, repo indicated absorption of liquidity, while reverse repo meant injection of liquidity.
+ :Average of 1992-93 to 1999-2000.
Δ : Based on DGCI&S data.
Notes:
PFCE: Private Final Consumption Expenditure; GFCE: Government Final Consumption Expenditure; LAF: Liquidity Adjustment Facility;
MSS: Market Stabilisation Scheme; BSE: Bombay Stock Exchange; NSE: National Stock Exchange; REER: Real Effective Exchange Rate;
NEER: Nominal Effective Exchange Rate. |
|