สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 24 เมษายน 2556
India's food services market may touch $28 billion by 2018: Report
India's organised food services market is expected to grow by 16 % over the next five years and touch $ 28 billion on the back of changing consumption habits of consumers and emergence of new players in the sector, a report said today.
The National Restaurant Association of India (NRAI) in its report said that the size of the total market (organised and unorganised) is $ 13 billion in 2013 and is expected to grow to $ 78 billion by 2018.
Within this, the unorganised market holds a 70 % share with an estimated market size of $ 33.7 billion.
The organised market is currently estimated at $ 13 billion and is expected to touch "$ 28 billion by 2018", the report, which was released by Commerce and Industry Minister Anand Sharma here, said.
(Sources: Economic Times, Indiatimes, Hindustan Times, Deccan Herald, World News, i4u)
Indian economy to grow at 6.4%, says PMEAC
Improvement in performance of agriculture and manufacturing sectors is expected to push the economic growth rate to 6.4 % in 2013-14 from 5 % in the previous fiscal, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said while releasing the Economic Review for 2012-13.
Economic growth rate had slipped to decade's low of 5 % in 2012-13 mainly on account of the impact of the global financial woes.
Rangarajan hoped that the GDP estimate for 2012-13 would be revised upwards from 5 % estimated in February by the Central Statistical Organisation (CSO).
The improvement in the growth rate in the current fiscal, he said, would mainly be on account of better performance of agriculture, industry and services sectors.
(Sources: Financial Express, Indian Express, Hindu Business Line, Times of India)
India's exports likely to grow 10% in 2013-14: PMEAC
The Prime Minister Economic Advisory Council (PMEAC) today projected about 10 % increase in India's exports to $ 329.7 billion during the current fiscal in view of some improvement in the global growth situation.
In the 2012-13 fiscal, the merchandise exports stood at $ 301 billion.
Its report said the imports may touch $ 542.7 billion during the current fiscal, from $ 501.1 billion in 2012-13.
The trade deficit is expected to increase to $ 213 billion in 2013-14, from $ 200 billion in the previous fiscal, the report said.
It also said the biggest export casualties in 2012-13 are engineering goods, man-made textiles and ready-made garments.
(Sources: Economic Times, Indiatimes, Zeenews, Hindu Business Line, India Everyday)
PMEAC sees gold imports declining by 20 pc in current fiscal
Gold imports are likely to decline by nearly 20 % to USD 45 billion and will help in lowering the Current Account Deficit (CAD) to 4.7 % of GDP in the current fiscal, the PMEAC said today.
The moderation in gold imports would help bring down the CAD to 4.7 %, from 5.1 % of GDP in 2012-13.
However, in value terms the CAD would be higher at USD 100 billion, as compared to USD 94 billion last fiscal.
While net FDI inflow in the current fiscal is expected to be USD 24 billion, FII inflow is likely at USD 18 billion during the period.
However, the PMEAC projected the oil import bill to rise by 14 % to USD 125 billion in the current fiscal partly due to rise in global fuel price.
(Sources: Economic Times, Business Standard, Zeenews, India Everyday, Hindu Business Line)
Coming Soon: $ 5.53 billion investments in oil and gas
The government's decision to accord security clearances to 25 oil and gas blocks on Monday has opened up $ 5.53 billion worth of investment opportunities in the sector.
Reliance Industries Ltd (RIL) chairman Mukesh Ambani and BP chief Bob Dudley along with others met Prime Minister Manmohan Singh last week to fast track the decision-making process on issues including pricing of domestic natural gas as well as the coal-bed methane gas.
Besides the 25 oil and gas projects, another 13 power projects involving investments worth $ 6.08 billion were cleared. "The combined investment opportunity is $ 11.06 billion-plus," the official added.
The defence ministry had imposed stringent conditions for these blocks, asking companies not to locate pipelines or structures on sea surface in the blocks cleared.
(Sources: Hindustan Times, Yahoo News, India Everyday, News BCC)
President Pranab Mukherjee confident of India logging 7-8% economic growth
President Pranab Mukherjee today expressed confidence that the Indian economy will return to higher growth path of 7-8 % in next two to three years and pitched for revitalising investments in the country.
On FDI, the President said: "We welcome foreign investment which has a critical role in bringing in modern technology and globalizing our economy."
Investment rate is estimated to be 35.8 % of GDP in 2012-13. As per the Economic Review presented by Prime Minister's Economic Advisory Council (PMEAC), investment capital accumulated in projects is not yielding commensurate output. PMEAC has pegged the GDP growth at 6.4 % in the current fiscal.
Human resource development is one of the most effective ways to bring about organisational transformation for sustained growth.
To develop manpower, a National Skill Development Mission has been launched with the goal of skilling 500 million people by 2022 in a public-private initiative.
(Sources: Moneycontrol, Deccan Chronicle, Times of India, Indian Express)
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