R.Kannan19th December 2014

GDP growth in the first quarter (April-June 2014) at 5.7 per cent is the highest in

nine quarters. The overall growth of GDP at factor cost at constant (2004-05) prices

(real GDP) for 2013-14 was placed at 4.7 per cent as compared to 4.5 per cent for

2012-13 (as per the Provisional Estimates released on 30th May, 2014).

Overall growth in the Index of Industrial Production (IIP) was 2.5 per cent during

September 2014 as compared to growth of 2.7 in September 2013. During April-

September, 2014-15, IIP growth was 2.8 per cent as compared to 0.5 per cent growth

in April-September, 2013-14.

Agriculture Growth Industrial Growth Cluster based industrial development Infrastructure Growth. Implementation of Industrial Corridors Establishment of Smart Cities Fiscal Deficit. Trade Deficit Stable financial system

Stimulus to SME’s Balanced credit growth of banks. Targeting subsidies. Attracting FDI & FII. Robust Capital markets.

China is one of the major trading partners of India. Trade between countries rose from $2.92 bn in 2000 to

$ 65.88 bn in 2013. China’s exports were at $ 51.37 bn. A shared vision document for the 21st Century was

prepared. 2014 was designated as the Year of Friendly Exchanges

between India and China. In June 2014, three agreements related to Industrial

Parks, training of public officials and Exchange of flood data was signed.

Both sides have established nearly 40 dialogue mechanisms covering diverse sectors.

In India projects under Chinese companies are estimated at $ 60 bn.