CURRENT STATISTICS EPW Research Foundation

The volume of India’s trade in banking services, after an impressive growth of 117.5% and 83.5% during 2006-07 and 2007-08, decelerated to 22.7% in 2008-09. The composition of trade reveals that the Indian
banks operating abroad focused on credit and trade finance-related services, which accounted for about 80% of total trade in 2008-09. In contrast, foreign banks operating in India held a diversified portfolio with
some concentration on derivatives, stock, securities and foreign exchange trade services, which together accounted for 35% of total trade. All profitability ratios showed better performance by foreign banks.
Macroeconomic Indicators
Variation (in %): Point-to-Point
Index Numbers of Wholesale Prices
(Base Year: 2004-05 = 100)^ Weights 11 December Over Over 12 Months Fiscal Year So Far Full Financial Year
2010 Month 2010-11 2009-10 2010-11 2009-10 2009-10 2008-09 2007-08 2006-07 2005-06$
Primary Articles 20.1 187.9 3.1 15.3 18.2 12.8 19.7 22.4 5.3 9.1 12.9 5.4
Food Articles 14.3 185.8 3.2 12.1 21.1 13.0 22.1 21.1 7.5 5.8 12.7 6.6
Non-Food Articles 4.3 171.6 2.4 22.4 10.3 13.9 11.4 19.6 1.8 13.3 13.4 -1.9
Fuel & Power 14.9 149.5 0.7 10.7 4.2 6.7 9.7 13.8 -4.9 9.2 0.9 8.9
Manufactured Products* 65.0 128.4 0.3 4.6 2.3 2.2 2.8 5.2 1.4 7.2 6.5 3.2
Food Products* 10.0 141.5 1.1 0.6 17.9 -0.1 14.3 15.1 6.3 8.4 4.3 2.4
Food Index (computed)* 24.3 164.3 0.4 6.1 17.2 6.3 18.7 18.5 7.3 6.7 9.6 3.9
All Commodities (point to point basis)* 100.0 142.3 0.4 7.5 4.5 4.8 7.5 10.2 1.5 7.7 6.8 5.5
All Commodities (Monthly average basis)* 100.0 140.4 - 9.2 2.1 9.4 1.0 3.6 8.0 4.8 6.5 4.4
* Data pertain to the month of November 2010 as weekly release of data discontinued wef 24 October 2009.^ The date of first release of data based on 2004-05 series wef 14 September 2010. $ Full fiscal year variaton is based on 1993-94=100 series.
Variation (in %): Point-to-Point
Cost of Living Indices Latest Over Over 12 Months Fiscal Year So Far Full Fiscal Year
Month Month 2010 2009 2010-11 2009-10 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04
Industrial Workers (2001=100) 18110 1.1 9.7 11.5 6.5 11.5 14.9 8.0 7.9 6.7 5.3 3.7 3.8
Urban Non-Man Emp (1984-85=100) 70510 0.6 9.6 12.0 6.3 11.4 14.9 9.3 6.0 7.6 5.0 4.0 3.4
Agri Lab (1986-87=100) 57011 0.7 7.1 15.7 6.3 14.9 15.8 9.5 7.9 9.5 5.3 2.4 2.5
Variation
Money and Banking (Rs crore) 3 December Over Month Over Year Fiscal Year So Far Full Fiscal Year
2010 2010 2010-11 2009-10 2009-10 2008-09 2007-08
Money Supply (M3) 6060968 33264(0.6) 804963(15.3) 461206(8.2) 461193(9.6) 804950(16.8) 776930(19.3) 701790(21.2)
Currency with Public 867357 3031(0.4) 136945(18.7) 99324(12.9) 64962(9.8) 102583(15.4) 97040(17.1) 85504(17.7)
Deposits Money with Banks 5189423 30252(0.6) 667522(14.8) 361533(7.5) 398109(9.7) 704098(17.1) 683374(19.9) 614727(21.8)
of which: Demand Deposits 669886 10231(1.6) 80652(13.7) -52853(-7.3) 546(0.1) 134051(22.8) 10316(1.8) 102685(21.6)
Time Deposits 4519537 20021(0.4) 586870(14.9) 414386(10.1) 397563(11.2) 570047(16.1) 673058(23.5) 512041(21.8)
Net Bank Credit to Government 1812073 -12585(-0.7) 287114(18.8) 144977(8.7) 247626(19.4) 389763(30.5) 377815(42.0) 61954(7.4)
Bank Credit to Commercial Sector 3851884 63267(1.7) 691467(21.9) 359102(10.3) 145524(4.8) 477887(15.9) 435905(16.9) 4489119(21.1)
Net Foreign Exchange Assets 1349788 7973(0.6) 1735(0.1) 68319(5.3) -4132(-0.3) -70715(-5.2) 57053(4.4) 381952(41.8)
Banking Sector’s Net Non-Monetary Liabilities 964537 25390(2.7) 176287(22.4) 111683(13.1) -71402(-8.3) -6798(-0.8) 94673(12.4) 191992(33.5)
of which: RBI 352203 4078(1.2) -29867(-7.8) 50588(16.8) -5860(-1.5) -86315(-22.3) 177709(84.5) 29874(16.6)
Reserve Money (17 Dec 2010) 1242422 11111(0.9) 225319(22.2) 86736(7.5) 29105(2.9) 167689(17.0) 59695(6.4) 219312(30.9)
Net RBI Credit to Centre 270930 12835(-) 184037(-) 59349(-) 25132(-) 149820(-) 176397(-) -116772
MSS, Deposits with RBI ** – –(–) -18773(-100.0) -2737(-100.0) -69304(-78.7) -85340(-96.9) -80315(-47.7) 105418(167.4)
Scheduled Commercial Banks (3 Dec 2010)
Aggregate Deposits 4837906 27679(0.6) 629977(15.0) 345080(7.7) 373819(9.7) 658717(17.2) 637169(19.9) 585005(22.4)
Demand 601058 9553(1.6) 72944(13.8) -44552(-6.9) 5029(1.0) 122525(23.4) -1224(-0.2) 94580(22.0)
Time 4236848 18126(0.4) 557033(15.1) 389632(10.1) 368790(11.1) 536192(16.2) 638395(23.9) 490428(22.5)
Investments (for SLR purposes) 1482340 -4672(-0.3) 95896(6.9) 97587(7.0) 220033(18.9) 218342(18.7) 194694(20.0) 180199(22.8)
Bank Credit 3594559 63769(1.8) 672041(23.0) 349771(10.8) 146968(5.3) 469239(16.9) 413636(17.5) 430724(22.3)
Non-Food Credit 3533072 56030(1.6) 655118(22.8) 336773(10.5) 148615(5.4) 466961(17.1) 411824(17.8) 432847(23.0)
Commercial Investments 146408 -4438(-2.9) 50034(51.9) 30502(26.3) -8399(-8.0) 13298(12.7) 9267(9.7) 11961(14.3)
Total Bank Assistance to Comml Sector 3679480 51592(1.4) 705152(23.7) 367275(11.1) 140216(4.9) 480259(16.9) 421091(17.5) 444808(22.6)
** MSS - Market Stabilisation Scheme.
Government Balances as on 31 March 2010 are after closure of accounts.
Index Numbers of Industrial Production October Fiscal Year So Far Full Fiscal Year Averages
(Base 1993-94=100) Weights 2010 2010-11 2009-10 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05
General Index 100.00 331.5(10.8)328.6(10.3) 297.8(6.8) 304.1(10.4) 275.4(2.8) 268.0(8.5) 247.1(11.6) 221.5(8.2) 204.8(8.4)
Mining and Quarrying 10.47 203.5(6.5) 195.2(8.3) 180.2(8.1) 193.3(9.8) 176.0(2.6) 171.6(5.1) 163.2(5.4) 154.9(1.0) 153.4(4.4)
Manufacturing 79.36 357.4(11.3)356.5(11.0) 321.1(6.8) 327.3(10.9) 295.1(2.8) 287.2(9.0) 263.5(12.5) 234.2(9.1) 214.6(9.1)
Electricity 10.17 261.5(8.8) 248.1(4.6) 237.3(6.2) 237.1(6.0) 223.7(2.8) 217.7(6.4) 204.7(7.2) 190.9(5.2) 181.5(5.2)
Fiscal Year So Far 2009-10 End of Fiscal Year
Capital Market
24 Dec 2010 Month Ago Year Ago Trough Peak Trough Peak 2009-10 2008-09 2007-08 2006-07 2005-06
BSE Sensitive Index (1978-79=100) 20074(15.6) 19460 17361(81.4) 16022 21005 9902 17711 17528(80.5) 9709(-37.9) 15644(19.7) 13072(15.9) 11280(73.7)
BSE-100 (1983-84=100) 10462(13.9) 10321 9189(86.6) 8540 11141 5028 9419 9300(88.2) 4943(-40.0) 8233(25.0) 6587(11.6) 5904(69.6)
BSE-200 (1989-90=100) 2484(14.5) 2466 2170(90.4) 2034 2753 1160 2234 2200(92.9) 1140(-41.0) 1932(24.1) 1557(10.2) 1413(62.8)
S&P CNX Nifty (3 Nov 1995=1000) 6012(16.1) 5866 5178(77.5) 4807 6312 3060 5303 5249(73.8) 3021(-36.2) 4735(23.8) 3822(12.3) 3403(67.1)
Skindia GDR Index (2 Jan 1995=1000) 3251(23.1) 3151 2640(98.5) 2477 3479 1203 2883 2883(134.2) 1153(-56.2) 2633(18.1) 2230(27.5) 1749(49.4)
Net FII Investment in Equities (US $ Mn) period end 101215(40.0) 101338 72280(30.9) - - - - 77159(43.1) 51669(-18.6) 63496(25.1) 50736(12.1) 45260(26.0)
October Fiscal Year So Far Full Fiscal Year
Foreign Trade
2010 2010-11 2009-10 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04
Exports: Rs crore 79763 556162 (20.3) 462437(-13.3) 835264 (-0.7) 840754 (28.2) 655863 (14.7) 571779(25.3) 456418(21.6) 375340(27.9) 293367(15.0)
US $ mn 17960 121394 (26.8) 95756(-22.2) 176574 (-4.7) 185295 (13.6) 163132 (29.0) 126361(22.6) 103091(23.4) 83536(30.8) 63843(21.1)
Imports: Rs crore 122970 889827 (19.7) 743469(-18.9) 1318188 (-4.1) 1374434 (35.8) 1012312 (20.4) 840506(27.3) 660409(31.8) 501065(39.5) 359108(20.8)
US $ mn 27689 194167 (26.0) 154067(-26.9) 278681 (-8.2) 303696 (20.7) 251654 (35.5) 185749(24.5) 149166(33.8) 111517(42.7) 78149(27.3)
Non-POL US $ mn (* Provisional figures) 19279 137042 (26.7) 108203(-22.9) 193208 (-8.0) 210029 (22.2) 171940 (33.5) 128790(22.4) 105233(37.1) 76772(33.2) 57652(35.5)
Balance of Trade: Rs crore -43207 -333665 -281032 -482924 -533680 -356449 -268727 -203991 -125725 -65741
US $ mn -9729 -72774 -58311 -102106 -118401 -88522 -59388 -46075 -27981 -14306
Foreign Exchange Reserves (excluding Variation Over
gold but including revaluation effects) 17 Dec 18 Dec 31 Mar Fiscal Year So Far Full Fiscal Year
2010 2009 2010 Month Ago Year Ago 2010-11 2009-10 2009-10 2008-09 2007-08 2006-07 2005-06
Rs crore 1227853 1236987 1172246 -13715 -9134 55607 -41617 -57826 33975 359492 189270 54198
US $ mn 270511 264032 259691 -3808 6479 10820 12245 18264 -57821 107322 46816 9535
(i) Superscript numeral denotes month to which figure relates, e g, superscript 10 stands for October and 11 stands for November.
(ii) Figures in brackets are percentage variations over the specified or over the comparable period of the previous year. (–) Not relevant.
[Comprehensive current economic statistics with regular weekly updates, as also the thematic notes and Special Statistics series, are available on our website: http://www.epwrf.res.in].

Economic & Political Weekly EPW january 1, 2011 vol xlvi no 1 81