Tuesday, June 28, 2005

Investing in India - Economic Survey

I've been hunting around for some official data on the state of affairs in India. Especially from a financial/economic perspective. My concern basically being on the high's reached in the stock market, real estate, commodities almost everything. Incidentally the stock market dipped a 100 points today.

A good source of information is the Economic Survey 2004-2005 made available by the Ministry of Finance, Government of India. http://indiabudget.nic.in/es2004-05/esmain.htm
I found some good information our here, especially the Statistical Tables.

Giving data on among a host of interesting items... things such as:
India's Share in World Exports by Commodity Divisions and Groups
Foreign Exchange Reserves
Exports Imports and Trade Balance


An interesting observation I made was that we seem to be steadily increasing our foreign currency assets almost at a rate 30% per annum over the past 4-5 years.

It's extremely interesting to read the data here, it really helps to get a better picture of the scenario in India.

Unfortunately it didn't tell me exactly what I required in terms of the financial health of the India... my search continues, I will update, once I get more solid data or am able to do a more detailed analysis.

-Sanjay Shetty

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