ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Macroeconomic Indicators

The deposit growth of scheduled commercial banks in top 50 centres was lower at 12.4% in 2012, compared with 18.6% in 2011. The credit growth was also lower at 16.4% compared with 22.8%, but the credit deposit ratio improved to 88.5% from 85.5%. This ratio was more than 100% in as many as 10 out of the 50 top centres. At the all-India level for the banking system as a whole, the credit deposit ratio ruled much lower in 2011 and 2012 at 75.1% and 78.1%, respectively.

Macroeconomic Indicators

Up to October 2012 during the current fiscal, India’s foreign trade position has deteriorated significantly compared with the corresponding period of 2011-12. In dollar terms, exports have declined by 6.2% and imports by 2.7% (non-oil imports declined by 8.2%). Thanks however to the depreciation of the rupee, exports and imports showed increases of 11.5% and 15.5%, respectively, in rupee terms. The trade deficit widened between the two periods, both in dollar and rupee terms from $106.8 billion to $110.2 billion and from Rs 4.90 lakh crore to Rs 5.99 lakh crore, respectively.

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