RBI Bulletin December 2011

December 12, 2011 by · Leave a Comment
Filed under: Uncategorized 

Mumbai, India 12 Dec 2011  — The Reserve Bank of India today released the December 2011 issue of its monthly RBI Bulletin. The Bulletin carries six articles, namely, (i) India’s Foreign Trade: 2011-12 (April-September) (ii) Central Government Finances 2011-12 (April-September) (iii) Inflation Expectations Survey of Households: September 2011 (Round 25) (iv) Quarterly Industrial Outlook Survey: July-September 2011 (Round 55)  (v) Quarterly Order Books, Inventories and Capacity Utilisation Survey: April-June 2011 (Round 14) (vi) Consumer Confidence Survey: September 2011.


1. India’s Foreign Trade: 2011-12 (April-September)

The article reviews India’s merchandise trade performance during 2011-12 (April-September) on the basis of data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S). It also analyses disaggregated commodity-wise and direction-wise details for the period 2011-12 (April-June).

Main Findings

  • During 2011-12 (April-September), exports stood at US$ 160 billion and recorded a growth of 52.1 per cent as compared with an increase of 30.0 per cent during the corresponding period of the previous year.
  • During 2011-12 (April-September), imports at US$ 233.5 billion registered a growth of 32.4 per cent as compared with 37.6 per cent in the preceding year.   There has been significant rise in import of gold and silver and machinery.
  • Petroleum, oil and lubricants (POL) imports at US$ 70.4 billion in 2011-12 (April-September) exhibited a higher growth of 42.0 per cent, reflecting increase in international crude oil prices, as compared 31.8 per cent a year ago.
  • Non-oil imports during 2011-12 (April-September) at US$ 163.1 billion recorded a growth of 28.5 per cent as compared to 40.0 per cent in the corresponding period of the preceding year.
  • Trade deficit during 2011-12 (April-September) amounted to US$ 73.5 billion, as compared with US$ 71.2 billion during April-September 2010.
  • The disaggregated data on commodity-wise merchandise exports indicate that during 2011-12 (April-June), engineering goods, petroleum products, chemicals, gems & jewellery and agricultural products contributed more than 80 per cent of exports. Export growth was higher in sectors, viz., leather & manufactures and textile & textile products while the same was lower for petroleum products and ores & minerals.
  • There has been diversification of merchandise exports towards developing countries with their share in total exports increasing to 43.6 per cent during April-June 2011-12 from 41.7 per cent during April-June 2010. Read more