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MONTHLY ECONOMIC REPORT
JANUARY, 2005
HIGHLIGHTS
· The winter season rainfall from January l, 2005 to January 19, 2005 was
normal/excess in 19 per cent meteorological sub-divisions.
· Foodgrain stocks were 21.80 million tonnes as on December 1, 2004
· Overall industrial growth was 8.4 per cent in April-November, 2004 as compared
with 6.4 per cent in April-November, 2003.
· Core infrastructure sectors achie ved an average growth rate of 5.4 per cent in
April-December, 2004 as compared with 5.8 per cent in April-December, 2003.
· Broad Money (M3) growth (year-on-year) was 13.4 per cent (net of conversion,
13.2 per cent) as on January 7, 2005 as compared with 14.1 per cent last year.
· Exports grew by 23.4 per cent in dollar terms in April-December, 2004 as
compared with 12.7 per cent in the corresponding period last year. Imports grew
by 33.6 per cent during April-December, 2004 as compared with 25.0 per cent last
year.
· Forex reserves (excluding Gold and SDRs) stood at $125.16 billion as on
December 31, 2004.
· Rupee appreciated against US Dollar and Japanese Yen and depreciated against
Pound Sterling and Euro in December, 2004.
· The annual inflation rate in terms of WPI (Base 1993-94=100) was 5.42 per cent
for the week ended January 15, 2005 as compared with 6.55 per cent a year ago.
· Tax revenue (net to Centre) in April-November 2004 (provisional) was higher by
18.5 per cent over April-November 2003.
· Fiscal deficit in April-November 2004 is 51.5 per cent of BE compared with 61.0
per cent of BE in the corresponding period last year.
· Revenue deficit is higher at 97.1 per cent of BE compared with 68.3 per cent in
the corresponding previous period.
(G.R.Reddy)