Macroeconomic Indicators (4 June 2011)

The year-on-year growth in investment intentions of all industries, as per the CapEx data of the Centre for Monitoring the Indian Economy, after decelerating from 52.6% as in March 2007 to 17.2% in March 2010, showed a marginal pick-up to 19.4% in March 2011. Growth in investment under implementation, however, continued to decelerate from 38.3% in March 2008 to 23.4% in March 2011. Growth in investment under implementation in the manufacturing sector, after showing some pick-up in March 2010 to 23.8%, decelerated steeply to as low as 8.7% in March 2011.