INDIA GOVERNMENT SPENDING Government Spending in India decreased to 1496.

04 INR Billion in the third quarter of 2012 from 1517.47 INR Billion in the second quarter of 2012. Government Spending in India is reported by the Central Statistical Organisation, India. Historically, from 2004 until 2012, India Government Spending averaged 1224.05 INR Billion reaching an all time high of 1764.18 INR Billion in November of 2011 and a record low of 735.82 INR Billion in May of 2004. This page includes a chart with historical data for India Government Spending.

MANUFACTURING SECTOR
The Manufacturing; value added (% of GDP) in India was last reported at 13.89 in 2011, according to a World Bank report published in 2012. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.This page includes a historical data chart, news and forecasts for Manufacturing; value added (% of GDP) in India.

EDUCATIONAL SECTOR
EXPENDITURE PER STUDENT; TERTIARY (% OF GDP PER CAPITA) IN INDIA Public expenditure per student is the public current spending on education divided by the total number of students by level, as a percentage of GDP per capita. Public expenditure (current and capital) includes government spending on educational institutions (both public and private), education administration as well as subsidies for private entities (students/households and other privates entities).This page includes a historical data chart, news and forecasts for Expenditure per student; tertiary (% of GDP per capita) in India.

HEALTH SECTOR
HEALTH EXPENDITURE; PUBLIC (% OF GOVERNMENT EXPENDITURE) IN INDIA The Health expenditure; public (% of government expenditure) in India was last reported at 3.56 in 2010, according to a World Bank report published in 2012. Public health expenditure consists of recurrent and capital spending from government (central and local) budgets, external borrowings and grants (including donations from international agencies and nongovernmental organizations), and social (or compulsory) health insurance funds.This page includes a historical data chart, news and forecasts for Health expenditure; public (% of government expenditure) in India.

MILITARY EXPENDITURE (% OF CENTRAL GOVERNMENT EXPENDITURE) IN INDIA The Military expenditure (% of central government expenditure) in India was last reported at 16 in 2010, according to a World Bank report published in 2012. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.)This page includes a historical data chart, news and forecasts for Military expenditure (% of central government expenditure) in India.

INDIAS GROWTH STORY

NDIA GDP GROWTH RATE The Gross Domestic Product (GDP) in India expanded 0.60 percent in the third quarter of 2012 over the previous quarter. GDP Growth Rate in India is reported by the OECD. Historically, from 1996 until 2012, India GDP Growth Rate averaged 1.6 Percent reaching an all time high of 6.1 Percent in March of 2010 and a record low of -1.5 Percent in March of 2004. In India, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Indian economy during the quarter. India is the worlds tenth largest economy and the second most populous. The most important and the fastest growing sector of Indian economy are services. Trade, hotels, transport and communication; financing, insurance, real estate and business services and community, social and personal services account for more than 60 percent of GDP. Agriculture, forestry and fishing constitute around 12 percent of the output, but employs more than 50 percent of the labor force. Manufacturing accounts for 15 percent of GDP, construction for another 8 percent and mining, quarrying, electricity, gas and water supply for the remaining 5 percent. This page includes a chart with historical data for India GDP Growth Rate.

After a sharp recovery from the global financial crisis and two successive years of robust growth of 8.4 per cent, GDP growth decelerated sharply to a nine-year low of 6.5 per cent during 2011-12 (Appendix Table 1). The slowdown was reflected in all sectors of the economy but the industrial sector suffered the sharpest deceleration (Appendix Table 2 and

The slowdown in agriculture sector growth was on account of the base effect which dragged down its contribution to GDP growth by half . In the case of industry, the sharp moderation in manufacturing sector growth along with decline in mining and quarrying output offset the improvement in electricity, gas and water supply growth. The industrial sectors weighted percentage contribution to economic growth dropped to single digits, the first time in ten years. The moderation in services sector growth was led by sharp deceleration in construction and trade, hotels, transport and communication. Despite the moderation, the predominance of the services sector remains a unique feature of the overall growth story and the process of structural change in India.

INDUSTRIAL GROWTH ndustrial growth moderates amidst deteriorating investment climate, softer demand II.1.30 Industrial growth, as measured by the index of industrial production (IIP), decelerated to 2.9 per cent during 2011-12 from 8.2 per cent in the previous year (Appendix Table 7). While the IIP maintained a moderate growth of 5.1 per cent during the first half of 2011-12, growth took a plunge in the second half to 0.9 per cent. The slowdown was on account of moderation in demand, both domestic and external, hardening of interest rates, slowdown in consumption expenditure,

especially in interest-rate sensitive commodities, subdued business confidence and global economic uncertainty. II.1.31 The slowdown in industrial growth was exacerbated by the volatility in the production of capital goods. Truncated IIP, constructed by the Reserve Bank by excluding item groups (out of 399) which fall in the top 2 per cent growing and bottom 2 per cent declining blocks and has a weight of 96.0 per cent in total IIP, grew 4.8 per cent in 2011-12 showing a better performance than the overall IIP. Nevertheless, a significant moderation in growth is evident even for truncated IIP in successive quarters of 2011-12. In Q1 of 2012-13, IIP declined by 0.1 per cent mainly due to a 20 per cent decline in output of capital goods. Growth in truncated IIP and IIP excluding capital goods was better than in Q4 of 2011-12. II.1.32 The slowdown in industrial production was reflected across all sub-sectors in 2011-12, except electricity. In the manufacturing subsector, while 6 industry groups showed a decline in production, 6 registered growth in excess of 10.0 per cent. The mining sub-sector declined by 2.0 per cent during 2011-12. This was mainly due to regulatory and environmental issues affecting coal mining and low output of natural gas from the Krishna-Godavari basin. However, electricity sector performed better during 2011-12 recording 8.2 per cent growth supported by higher hydro power generation aided by a normal south-west monsoon.

SERVICE SECTOR GROWTH Some moderation evident in services sector growth II.1.42 Much of Indias growth performance in the recent years has been contributed by the services sector which showed considerable resilience during the global economic crisis. However, some deceleration is apparent in services sector recently with growth slowing down to 8.5 per cent during 2011-12 compared to 9.2 per cent in the previous year. The slowdown was mainly on account of deceleration in construction which grew by 5.3 per cent compared with 8.0 per cent in the previous year. The deceleration in services sector is on account of both weakening demand as well as inter-linkages with the industrial sector.

GROWTH Investment downturn accentuates demand slowdown1 II.1.6 There was a sharp moderation in the growth rate of GDP at market prices from 9.6 per cent in 2010-11 to 6.9 per cent in 2011-12 on account of all-round deceleration in demand consumption (both private and government), investment and external (net exports). II.1.7 Expenditure-side GDP data for Q4 of 2011- 12 suggests that growth was 5.6 per cent and investment improved sequentially. The expenditure side GDP data, however, have well known limitations that are also evident from the large and volatile pattern of discrepancies in the data. The contribution of statistical discrepancy (i.e., the difference between the estimates of GDP from the supply side and the sum of the estimates of the components of the expenditure side, adjusted for net indirect taxes) to the overall growth sharply increased to around 42 per cent in 2011-12 and exceeded the contribution of gross fixed capital formation.. II.1.8 The large and volatile discrepancies in the expenditure side GDP data co-exist with unreliable data on various components of aggregate demand. For instance, there is an incorrect representation of external demand as Q4 data estimates net exports as a positive figure. This is in contrast to the record current account deficit (CAD) posted during the quarter, as per data released by the Reserve Bank. Also, sufficient supplementary evidence exists to suggest that investment has slowed down. Information collected from phasing details of corporate projects sanctioned financial assistance suggests that corporate fixed planned investment dropped sharply in H2 of 2010-11 and declined further in 2011-12. Anecdotal evidence supplements this view.

INDIA UNEMPLOYMENT RATE Unemployment Rate in India decreased to 3.80 percent in 2011 from 9.40 percent in 2010. Unemployment Rate in India is reported by the India Ministry of Labour. Historically, from 1983 until 2011, India Unemployment Rate averaged 7.6 Percent reaching an all time high of 9.4 Percent in December of 2009 and a record low of 3.8 Percent in December of 2011. In India, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for India Unemployment Rate.