สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 25 มีนาคม 2556
PM leaves for Durban to attend BRICS Summit
Prime Minister Manmohan Singh left today from New Delhi on a 4-day visit to Durban for attending the BRICS Summit expressing the hope that ways to revive global growth and faster movement on reform of institutions of global, political and economic governance will be discussed at the meeting of the emerging economies.
Accompanied by a high-power delegation including Finance Minister P Chidambaram and Commerce Minister Anand Sharma, Singh will attend the summit of five nations on Mar 26 and 27 when discussions will also be held on steps to ensure global macroeconomic stability as well as mechanisms and measures to promote investment in infrastructure and sustainable development.
(Sources: Indian Express, IBNLive, NDTV, Press Trust of India, Hindustan Times, India Today)
Services sector contributes $ 54.86 billion to Delhi's GDP
The services sector contributed a whopping $ 54.86 billion to Delhi's GDP of $ 67.19 billion in 2012-13, retaining its position as prime driver of the city's economy and reflecting sustained growth and buoyancy in the sector despite the slowdown.
At current prices, the services sector contributed $ 54.86 billion to Delhi's GDP in 2012-13 against $ 46.57 billion in the previous fiscal, as per advanced estimates of Delhi government.
The service sector, which includes real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, accounted for 81.54 per cent of Delhi's total GDP during the current fiscal compared to an 81.62 per cent contribution during the previous fiscal year.
(Sources: Economic Times, Indiatimes, Zeenews, Daily India News, India Everyday, Worldnews)
Power generation falls short of target by about 8 pc in Feb
Power generation in the last month fell short of target by 6,000 million units in the country mainly due to drop in thermal and hydro power production.
Power generation in the country was to the tune of 68,474.92 million units in February this year against the target of 74,532 million units, the data by the Central Electricity Authority showed.
Programmed thermal power generation (central, state and private sectors), during the period was 64,508 million units as against actual achievement of 59,842.12 million units, the data showed.
(Sources: Economic Times, Indiatimes, Infraline, Moneycontrol, India Everyday, News BCC)
M&M replaces Ashok Leyland as No. 2 commercial vehicle maker
The commercial vehicle industry has seen realignment in the past 12 months due to a sharp drop in sales in the medium and heavy truck range and a smart uptick in the pick-up range in both load and passenger carriers. As a result, M&M has replaced Ashok Leyland as the second largest commercial vehicle company after Tata Motors
(Sources: Economic Times, Indiatimes, Times of India, NDTV, Worldnews)
Consumer electronics firms to invest $ 644 million in India
Consumer electronics firms plan to invest about $ 644 million to increase manufacturing in India to benefit from government incentives introduced last year.
India’s electronic system design and manufacturing industry is estimated to grow at a compounded annual growth rate of 9.9% the next few years—from $64.6 billion in 2011 to $94.2 billion in 2015, according to a 22 January report by the India Electronics and Semiconductor Association (IESA), a lobby group representing the Indian electronics manufacturing and semiconductor industries.
Another lobby group, Consumer Electronics and Appliances Manufacturers Association, projected similar data in its 22 February report, stating that demand for electronics hardware in India will grow at 22% annually till 2020, making it a $400 billion opportunity.
(Sources: Livemint, Rediff News, NDTV, Hindu Business Line, NEWS BCC, Daily India News)
India not my top priority for investment, steelmaker Mittal says
Having experienced delays for his steel projects in Orissa and Jharkhand, steel magnate Lakshmi N Mittal said here on Saturday that India is not on his top priority for investments.
ArcelorMittal, the steel giant belonging to L N Mittal, had inked a MoU with Orissa government in December 2006 to set up a 12mtpa steel plant in Keonjhar district at an investment of $ 7.36 billion but it has been facing delay.
Another project of the company in Jharkhand is also facing delay. According to him, global steel demand would continue to grow at around 3.5 per cent.
(Sources: Economic Times, Indiatimes, Moneycontrol, NDTV, Deccan Herald, India Everyday)
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