India's FY 2014 GDP at 4.7%; Q4 GDP at 4.6%

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India's FY 2014 GDP at 4.7%; Q4 GDP at 4.6%
India's GDP for FY 2014 has come in at 4.7 per cent, largely in line with expectations. The GDP for Q42014 has come in marginally lower than analysts estimate at 4.6 per cent.

For Q4 ending March 31, 2014 manufacturing data shows -1.4 per cent growth vs -1.9 per cent (quarter-on-quarter). Agricultural sector growth has come in at a healthy 6.3 per cent.

Gross Fixed Capital Formation (GFCF) at current prices has been estimated at Rs 32.11 lakh crore in 2013-14 as against Rs  30.72 lakh crore in 2012-13.

The key indicators of banking, namely, aggregate bank deposits and bank credits have shown growth of 14.6 percent and 14.3 percent, respectively during 2013-14 over the corresponding period in 2012-13, as compared to growth of 15.9 percent and 14.5 percent as on December 2013.

In the transport and communication sectors, the sale of commercial vehicles, cargo handled at major ports, cargo handled by the civil aviation and passengers handled by the civil aviation registered growth rates of (-) 20.2 per cent, 1.8 percent, 2.6 per cent and 6.6 per cent respectively during April-March of 2013-14.

Indicators of Railways sector, namely, Net Tonne Kilometers and Passenger Kilometers have shown growth of 1.6 and (-) 1.9 percent respectively during 2013-14 . The Trade, hotels and transport sector have registered a growth of 3.0 percent in 2013-14 as against 3.5 percent in the advance estimate released in February, 2014.

The key indicators of construction sector, namely, cement and consumption of finished steel registered growth of 3.0 percent and 0.6 percent, respectively in 2013-14 as against 3.7 percent and 0.5 percent, respectively during April-December 2013.

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