3. Growth of India
India's economy grew at an annual rate of 5.3 % in the quarter
ended March 2012, much lower than expectations of 6.1 %
The GDP numbers mean that the country’s growth slowed for
eight successive quarters through the three months ended
December 2012.
4. Agricultural sector of India
The farm sector, which is the single largest employer in the
country but one of the lowest contributors to absolute GDP,
grew at a measly 1.7 % against 7.5 % in the corresponding
period last fiscal Poor agriculture growth means rural
consumers would have less money to spend .
5. Manufacturing and services of India
• A key drag on growth numbers were the industry and services
sectors -- both key drivers of growth -- which came in lower
than expected, at 1.9 and 7.9 per cent against 7 and 10.6 per
cent in the year-ago period. The manufacturing sector
contracted (-) 0.3 per cent from 7.3 per cent in the same
period last fiscal.
6. Weakest fiscal performance of India
India’s growth rose 6.5% in the fiscal year to the end of March
2012. This is the lowest growth rate since 2002-03 when it fell
to 4% in the wake of a global slowdown. It is also a sharp
slowdown from the previous fiscal’s 8.4 %.
7. RBI cannot stimulate the economy
either
A sharp 25 per cent drop in the rupee over the past 9 months
could hurt RBI’s ability to cut interest rates because doing so
could increase inflationary pressure. There can be no growth
stimulus from RBI through a lower borrowing cost as it battles
stubbornly high inflation.
8.
9. About Brazil
Total Population 194,400,000 (est.)
Total Area 8,456,510 km2
Local Currency Real (BRL)
Literacy 86.4%
Economically active
population
99,144,000
as % of total population 51.0%
GDP
R$ 3.143 trillion
10. Economy-Overview of Brazil
1. The economy of Brazil is the world's eighth largest by
nominal GDP and ninth
largest by purchasing power parity
2. The present GDP is $3.143 trillion and the real growth rate of GDP is 3.7%.
3. Its current GDP (PPP) per capita is $10,200.
4. Rate of unemployment is 9.6%
5. Inflation rate is 3%.
6. Major industries are textiles, shoes, chemicals, aircraft, steel, motor vehicles,
etc. Agricultural products includes coffee, wheat, coca, rice, sugarcane etc.
