Economy of India

March 25, 2014

Author: OGD PMU Team

GDP of India grew at its slowest pace (4.47%) in 2012-13, the worst it has been in 12 years, but it is likely to grow to 4.6 percent (projected) in 2013-14. During 2012-13, Exports fell 1.03 percent to $306.6 billion, meanwhile India’s imports jumped 0.54 percent to $502.2 billion. In 2013-14 projected exports is likely to grow by 5.5% and projected imports is likely to shrunk by 2.5%. In 2013-14 projected combined Deficit (Centre+State) is likely to shrunk by 7% and Gross fixed capital formation is likely to grow to 2.5% from 0.8% (2012-13). The wholesale price index (WPI) inflation is expected to ease marginally to 6 percent in 2013-14.