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India News Summary: Weak Growth Dominates

March 8th, 2013
in econ_news, syndication

Econintersect:  Many of the most important topics in the news this week  relate to the announcement 28 February 2013 that fourth quarter 2012 GDP growth came in at 4.5% year-over-year.

India's Economic Growth Eases More Than Expected in Q4 - Trading Economics, by Anna Fedec:  In the fourth quarter of 2012, India's economy grew only 4.5 percent due to the widespread weakness in farm, mining and manufacturing output. Manufacturing output grew only 2.5 percent, while the mining sector reported an annual fall of 1.4 percent. Farm output gained 1.1 percent. The construction output expanded 5.8 percent and financing, insurance, real estate and business services grew 7.9 percent.

Year-over-year GDP growth (Trading Economics) - Click to enlarge.

indiagdpgrowth4q2012annualratestradingeconomics

Follow up:

Quarter-to quarter GDP growth (Trading Economics).

indiagdpgrowthratequarter-to-quartertradingeconomics

Indian GDP estimated at 5% in FY13, lowest since FY04: Govt - moneycontrol.com:   India's GDP is estimated to grow at 5 percent in 2012-13, lowest during since 2003-04, on account of slower growth in industry, agriculture and services sector, Parliament was informed today (24 February 2013)....

India's Growth Problems In Detail - seekingalpha.com, by Hale Stewart:  On Feb. 7, the government of India revised its growth forecast for India down to 5%: Gross Domestic Product (GDP) at factor cost at constant (2004-05) prices in the year 2012-13 is likely to attain a level of Rs.55,03,476 crore, as against the First Revised Estimate of GDP for the year 2011-12 of Rs...

India Plans Steps to Spur Growth - http://online.wsj.com/:  The Indian government will soon announce more measures -- including sops for exporters -- to boost economic growth, Finance Minister P. Chidambaram said.

India's Economy: Stamina Is The Name Of The Game - seekingalpha.com, by iMFdirect (by Laura Papi, Assistant Director, Asia and Pacific Department, IMF and Rahul Anand, Economist, Asia Pacific Department):  So far 2013 has been a breath of fresh air in terms of economic news: financial markets have rallied and economic indicators have started to surprise on the upside...

Business News

Mahindra Shines Brighter Than Rest Of Indian Automotive Sector - seekingalpha.com, by MetalMiner (by Sohrab Darabshaw):  The combined quarterly results announced recently by one of India’s leading auto manufacturers, Mahindra Vehicles Manufacturers Limited/Mahindra & Mahindra (MAHDY.OB) may be an exception to India’s overall automobile story – one of declining sales – but in some ways it does mirror the performance of India’s steel and aluminum sectors, both producing key ingredients for automobiles...

Tiger Airways seeks India partner - Business Standard - news.google.com, Business Standard:  Tiger Airways seeks India partnerBusiness StandardAt a time AirAsia is on the verge of finalising its plan and waiting for the government's nod to start an Airline in India, the Singapore-based low fare airline Tiger Airways is scouting for a local partner in India for a possible strategic alliance...

RBI asks banks to scan farm loan waiver beneficiaries - http://timesofindia.indiatimes.com/:  The Reserve Bank of India has asked banks to verify whether each and every beneficiary of farm loan waiver qualified under the scheme announced by the government.

India's love affair with silver – now on display - http://www.mineweb.comThat Indians tend to store and honour their silver through several decades is apparent at the country's first silver museum.

AirAsia's India entry wins investment panel approval - http://news.yahoo.com:  Asia's largest low-cost carrier AirAsia won approval from India's foreign investment panel to set up an airline in a joint venture with the giant Tata group, a government official said.

Aye for AirAsia India, new budget airline to be based in Chennai, Tata has 30 ... - The Star Online - news.google.com, The Star Online:  Aye for AirAsia India, new budget airline to be based in Chennai, Tata has 30 ...The Star Online, High achiever: Fernandes staged a major coup when  he inked a deal with Tata and Bhatia to set up AirAsia India. PETALING JAYA: AirAsia is said to have received the nod from India's Foreign ...

MakeMyTrip's Management Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript) - seekingalpha.com:  MakeMyTrip Limited (MMYT) Morgan Stanley Technology, Media & Telecom Conference Call February 26, 2013 8:00 pm ET Executives Rajesh Magow – Co-Founder, Chief Financial Officer and Chief Operating Officer Analysts Vipin Khare – Morgan Stanley India Company Pvt Ltd. Presentation Vipin Khare – Morgan Stanley India Company Pvt Ltd...

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