- The Indian economy is expected to grow by 7.6-7.8 per cent in 2015-16, according to ratings agency ICRA.
- The net foreign direct investment (FDI) inflows have touched a record high of US$ 34.9 billion in 2014-15, as per a chart compiled by Nomura Global Markets Research.
- India's onion exports were recorded at 265,066 tonnes between April-May 2014 and have recorded an increase of 25 per cent in the two months this year, as per Mr Ajit Shah, President, Horticulture Exporters' Association.
- Indian mutual funds (MF) have invested in equities for the 13th month in a row in May 2015. Mutual funds have invested a net of Rs 53,831.1 crore (US$ 8.44 billion) in Indian shares since May 2014.
- India's aviation sector grew by 23.33 per cent during April 2015, the highest year-on-year growth in number of passengers flown since September 2014.
- India has emerged as the second biggest stakeholder in the 57-nation Asian Infrastructure Investment Bank after a meeting of its chief negotiators in Singapore. China, which sponsored the bank, will have 30.85 per cent share followed by India with 10.85 percent.
- India remained at the top of Nielsen's global consumer confidence index for the fourth quarter in a row. The country's confidence score rose 1 point from the previous quarter and 9 points from a year ago to 130 in the three months ended March 2015.
- Indian automobile industry exported a record 3.5 million vehicles during FY15, registering an increase of 15 per cent compared to the same period a year ago.
- Private equity (PE) funds have completed six buyout deals worth US$ 1.08 billion during the first five months of 2015. The value of such transactions has already exceeded for all of last year, mirroring investor confidence in acquiring large stakes in Indian companies as economic growth accelerates.
- Foreign exchange (Forex) reserves of India has hit an all-time high of US$ 352.13 billion for the week ending May 8, 2015, recording a week-on-week growth of US$ 262.4 million, according to the data released by the Reserve bank of India (RBI).
Monday, 15 June 2015
FACTS ABOUT INDIAN ECONOMY
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