1)The Indian economy is estimated to grow at 6.9% this financial year
Industrial output growth slowed sharply in December to 1.8 per cent –versus 5.9 per cent in November 2011-as high interest rate and weak global conditions continued to hurt the economy.
Growth slid to 3.1 per cent in core sector including steel, cement, fertilizers, crude oil and refinery from 6% in November.
2)The excise duty collections in January fell one percent to Rs 12,319 Crore from RS 12.458 Crore in the corresponding period a year ago.
Revenues from customs duty increased by 2.5% to Rs 11,393 Crore.
3)There was a 10% rise in exports in January, amounting to Rs 25.4 Billion, primarily due to depreciation of rupee.
Imports rose 20.3 per cent to $40.1 billion,leaving a trade deficient of $148.7 billion.
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