สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 21 มิถุนายน 2556
Rupee weakness affects
The rupee's weakness reflects domestic economic challenges, primarily a high current account deficit and lower capital flows, but does not significantly impact
The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.
Moody's currently has a "stable" outlook on
(Source: Economic Times, Indiatimes, Times of
CII survey anticipates economic recovery
Business outlook on economic conditions for the current quarter (April-June 2013) showed signs of modest recovery from the last quarter (January-March 2013), according to the 83rd Business Outlook Survey (BOS) by the Confederation of Indian Industry (CII) Northern Region, released here today.
In the current year, the prospects for the economy are expected to improve with 61 per cent of the respondents expecting 6 % or above growth compared to 42 % of the respondents expecting so in the previous survey.
In terms of investment also, expectations for the current quarter are better than the previous survey. On domestic investments, encouragingly majority of respondents (53 %) expect their investments to increase, while 40 per cent of the respondents expect a decline or no change in their investment plans in the April-June 2013 quarter as compared to the previous one.
(Source: Economic Times, Indiatimes, Business Standard)
Prime Minister Manmohan Singh steps in to salvage growth slowdown
With the manufacturing sector growth on a crawl and investor sentiment in the doldrums, Prime Minister Manmohan Singh has summoned top ministers for a high-level meeting to try and alter the course of
The Prime Minister has decided to take a special drive, along with his key Cabinet ministers, to shore up investments in the manufacturing sector and has drawn up a special agenda identifying areas of action. The slowing down of the economy, coupled with the drop in investor activity that is led by a job-less growth, has been an area of concern for the government.
(Source: Economic Times, Indiatimes, Times of
Low economic growth takes its toll, unemployment rate rises to 2.7%
The percentage of Indians employed in agriculture has slipped below 50 per cent, says the latest data on employment trends released by the government on Thursday.
But more worrying for the government is that the rising army of workers freed from the agricultural sector is unlikely to land a stable job in the urban areas.
The data shows a clear rise in unemployment among these workers with urban unemployment rising in the past two years.
The lead results released from the 68th round of National Sample Survey Organisation (NSSO) shows that male unemployment in urban areas has risen to 3.2 per cent.
The rise in unemployment is disconcerting as the total number of Indians now in the workforce has expanded by 14 million to reach 473 million, a growth of 3 per cent in just two years. Yet because of the lack of job opportunities 52 per cent of them are now self employed, the data shows.
(Source: Indian Express,
Rupee fall has hit middle and lower classes hardest, says ASSOCHAM survey
The middle class has been impacted by inflation particularly in context of falling rupee and its cascading effects on price rise of items like petroleum products and edible oil, according to a survey by apex chamber ASSOCHAM.
The survey says the rupee depreciation has impacted consumers in metros and other major cities in a big way compared to tier-III and semi-urban areas.
Over 92 per cent of respondents said their monthly bills have jumped by 15-20 per cent in last one month. The middle class and the lower class are the worst hit, adds the survey.
The Associated Chambers of Commerce and Industry of India said it conducted a survey in major cities like Delhi-NCR, Mumbai, Kolkata, Chennai, Ahmedabad,
(Source: Economic Times, Indiatimes, Financial Express, Indian Express, IBNLive)
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