The following is the unedited transcript of the Department of Industrial Policy & Promotion.

Growth Profiles

As per Quarterly estimates released by CSO GDP grew by 9.1% during April-November 2006-07 as against 8.5% in the same period last year.

As per Quick Estimates released by C.S.O, Industrial Production (base year 1993-94) registered a growth rate of 10.6% during April-November 2006-07 as against 8.3% in April-November 2005-06. Manufacturing production recorded 11.5% growth against 9.4% during the said periods.

Average Inflation Rate based on WPI (1993-94=100) during April-November 2006-07 stood at 4.8% as against 4.6% in the same period last year. Inflation rate for manufactured products during April-November 2006-07 stood at 3.1% as against 3.8% in April-November 2005-06.

External Sector Scenario

Exports during April-November 2006-07 are valued at US $ 79587.05 million (Provisional), which is 39.49% higher than the level of US $ 57056.83 million (Provisional) in April-November 2005-06.

Imports during April-November 2006-07 are valued at US $ 115631.34 million (Provisional) representing an increase of 36.52% over the level of imports valued at US $ 84700.13 million in April-November (Provisional). Crude Oil imports during April-November 2006 were valued at US $ 38999.32 (Provisional) million which was 40.52% higher than Crude oil imports of US $ 27753.51 million in the corresponding period last year.

Foreign Exchange Reserves surged from US $ 151.62 billion (Provisional) at end March 2006 to US $ 177.25 billion as on 29th December 2006.

Rupee Value against US $ stood at Rs.44.23 as on 29.12.2006 as against Rs. 44.61 as on 31.03.2006 .

Policy & Other Developments

Government notified amendment to Press Note 5 (2005 Series) thereby further extending time period by three months w.e.f. .1.2007 up to 2nd April 2007 for the Telecom Service provider companies to comply with the conditions.

The Union Cabinet gave its approval for the introduction of the Limited Liability Partnership Bill, 2006 in the Parliament, to facilitate creation of another business model which would enable growth of the economy.

The Union Cabinet approved setting up of Central Drugs Authority of India to facilitate upgradation of national drugs regulator, uniformity of licensing and enforcement and improvement in quality & safety of drugs.

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