สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 11 กุมภาพันธ์ 2556
India's foodgrain export likely to be $40 billion in 2012-13
The country is expected to export foodgrain worth around $ 40 billion in 2012-13 on account of surplus production, Minister of State for Agriculture Tariq Anwar said today.
The country has shipped foodgrains worth $ 20-25 billion so far. The export is expected to touch $ 40 billion by the end of 2012-13 fiscal, Anwar told PTI.
Foodgrains production in the country is expected to scale up to 250 million tonnes (MT) in 2012-13. Out of this, 240 MT foodgrain production has already been achieved.
The Minister said there was tremendous scope for improvement of agriculture in the eastern states. Keeping this in mind, the Union government has launched a special scheme to achieve second green revolution in Bihar, West Bengal, Odisha and Assam.
(Sources: Economic Times, Indiatimes, SMEtimes, Worldnews, Moneycontrol, i4u, India Everyday)
Seed exports may touch $ 186 million mark in next 2-3 years: NSAI
Export of agri-seeds from the country may more than double to $ 186 million in the next 2-3 years as 38 varieties from India have been registered in the OECD list, industry body NSAI said today.
The listing of Indian seeds with the Organisation for Economic Co-operation and Development (OECD), a group of 34 countries, guarantees the quality of seeds that can be imported by countries participating in the OECD Seed Schemes. About 57 nations are registered in such seed schemes.
"Seed export is expected to rise to $ 186 million in the next 2-3 years as for the first time 38 Indian private seed varieties have been registered in the OECD list," National Seed Association Executive Director Raju Kapoor said.
(Sources: Economic Times, Indiatimes, Hindu Business Line, Moneycontrol, i4u, Zeenews)
Growth may remain muted for Indian hotel industry: ICRA
The Indian hotel industry is likely to witness only a marginal revenue growth of about seven per cent in 2012-13 with uncertain economy impacting demand, according to a study by rating agency ICRA.
In 2012 calendar year, global tourist volumes are estimated to have grown by a modest 3-4 % compared to 5.9 % in 2011.
Foreign tourist arrivals (FTAs) to India grew by a marginal 5.4 % in CY2012 at 6,650,000 travellers.
ICRA says the growth trajectory had slowed down sharply from that of the previous two years - CY2010 and CY2011, respectively.
Overall, it does not anticipate decline in demand for the fiscal 2012-13, however, growth is expected to be subdued at 5-6 %.
(Sources: Economic Times, Indiatimes, Press Trust of India, India TV News, India Everyday)
Citigroup revises FY14 GDP estimates to 5.7% from 6.2%
Citigroup has lowered India's economic growth forecast to 5.7%, from 6.2 % earlier, for the next financial year and said continued action from all policy makers is needed to reverse the decline.
The government's first GDP estimate for FY13 pegged growth at 5%. Citi's projection was 5.4 % for FY13 and consensus was 5.5%.
According to the report, growth has bottomed out and there is likely to be a recovery across all sectors, with agri growth reaching 3 %, industry at 4.4 as trends in % manufacturing improve.
Services will move up to about 7 % and accordingly GDP would move up to 5.7 %, it said.
Slowdown in growth was mainly due to services sector, whose growth rate dropped sharply to 6.6 % in FY13 as against 8.2 % in FY12.
Farm growth was impacted by weak monsoons while industry trends moderated to 3.1 % due to manufacturing and electricity.
(Sources: Economic Times, Indiatimes, Hindu Business Line, Business Standard, Moneycontrol, i4u)
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