FOREIGN INVESTMENT
Overall Foreign Investment during the first ten months (July-April) of the
current fiscal year has declined by 32.2 percent and stood at $ 3.6 billion as
against $5.3 billion in the comparable period of last year.
Foreign direct investment (private) stood at $3481.6 million during the first
ten months (July-April) of the current fiscal year as against $4180.8 million
in the same period last year thereby showing a decline of 16.7 percent.
Almost 57 percent of FDI has come from three countries, namely, the UAE,
US, and UK. US investors with 33.4 percent investment are on the top
during the first ten months.
Private portfolio investment witnessed massive decline of 91 percent by
recording inflow of $98.9 million as against $1097.3 million during the
comparable period of last year.
Public foreign investment depicted modest inflow of only $20.5 million as
against outflow of $66.6 million in the comparable period of last year.
PER CAPITA INCOME
Per capita real GDP has risen at a faster pace in real terms during the last
six years (4.5% per annum on average in rupee terms) leading to a rise in
average income of the people. Such increases in real per capita income have
led to a sharp increase in consumer spending during the last three years.
Per capita income in dollar term has grown at an average rate of 13.5
percent per annum during the last six years rising from $ 586 in 2002-03 to
$ 1085 in 2007-08.
NATIONAL SAVINGS
National Savings at 13.9 percent of GDP has financed 65 percent of fixed
investment in 2007-08 as against 77.7 percent last year.
Domestic savings has declined to 11.7 percent of GDP from 16.0 percent of
GDP.
AGRICULTURE
Agriculture sector grew by 1.5 percent as against 3.7 percent last year and
target of 4.8 percent.
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