Core Infrastructure
Growth in the overall core infrastructure sector increased from 3.8 % in October 2009 to 9.4 % in January 2010, compared to the low growth of 2 % achieved during the corresponding months of the previous year. In January 2010, acceleration in growth was seen in all the six core industry sectors.
Fiscal Trends
With an increase of 17%, the total expenditure incurred by the government grew from $150 billion during the period April-January 2008-09 to $175 billion in the current fiscal. In case of revenue receipts, the figures have also showed an increase of 5% during the same period. As a result, the fiscal deficit increased moderately at the rate of 33% and went up from $58 billion to $77 billion during April-January 2009-10.
Foreign Investments
Foreign direct investment accumulated during the April-December period of 2009-10 stood at $26.5 billion, which was $2 billion higher than what was achieved previously. Portfolio investments came in at $23.6 billion, compared to negative $11 billion in the previous year. The rise in portfolio investments was particularly due to an increase in FII investments.
Foreign Exchange Reserves
India's reserves as of March 2010 are at above $280 billion. In December 2009, the forex was at $283.5 billion, increasing from $251 billion in April 2009. The forex, at $283 billion, was less than the $286 billion achieved in the previous month of 2009.
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