Indian Data Watch-Releases for the June 2 week

DAY LOCAL/GMT INDICATOR/EVENT PERIOD FORECAST
PREVIOUS
-------------Calendar for June 2 week------------------------
Wed 1200/0630 Infrastructure Apr N/F 9.6 pct

output @ Fri 1200/0630 Inflation May
24 N/F 8.1 pct
Fri 1700/1130 Forex reserves May 30 N/F $316.171
bln
Fri 1700/1130 M3 money supply May 23 N/F 22.0 pct
Fri 1700/1130 Bank credit May 23 N/F 24.3 pct
@ Tentative date subject to change
-------------Calendar for June 9 week------------------------
Thu 1200/0630 Industrial output Apr N/F 3.0 pct
Fri 1200/0630 Inflation Jun 7 N/F NA
Fri 1700/1130 Forex reserves Jun 6 N/F NA
-------------Calendar for June 16 week-----------------------
Fri 1200/0630 Inflation Jun 14 N/F NA
Fri 1700/1130 Forex reserves Jun 13 N/F NA
Fri 1700/1130 M3 money supply Jun 6 N/F NA
Fri 1700/1130 Bank credit Jun 6 N/F NA
------------Calendar for June 23 week------------------------
Fri 1200/0630 Inflation Jun 21 N/F NA
Fri 1700/1130 Forex Reserves Jun 20 N/F NA
-------------------------------------------------------------

WEEKLY CURRENT WK-EARLIER YR-EARLIER
WPI inflation May 17 8.10 pct 7.82 pct 5.30 pct
Forex reserves May 23 $316.17 bln $314.08 bln $204.93 bln
-------------------------------------------------------------

BI-MONTHLY CURRENT TWO WK-EARLIER YR-EARLIER
M3 (yoy) May 9 22.0 pct 21.2 pct 20.2 pct
Bank deposit May 9 32.2 31.92 26.04
(Rs. trillion)
Bank credit May 9 23.46 23.29 18.91
(Rs. trillion)
-------------------------------------------------------------

MONTHLY CURRENT MONTH EARLIER YR EARLIER
Fiscal deficit Mar 90.4 pct 73.4 pct 93.7 pct
(pct of budget
target)
Trade balance Mar -$6.89 bln -$4.23 bln -$4.27 bln
Exports Mar $16.28 bln $14.24 bln $12.86 bln
Imports Mar $23.17 bln $18.47 bln $17.14 bln
Industry output Mar 3.0 pct 8.6 pct 14.8 pct
Infrastructure Mar 9.6 pct 7.1 pct 10.5 pct
output Car sales

Apr 98,740 128,074 84,283
(domestic)
Cement output Apr 15.02 16.39 14.02
(mln tonnes)#
Cement Apr 14.72 16.42 13.88
despatches
(mln tonnes)#
NOTE - Figures have been rounded off;
# Cement production and despatches figures are provisional as
compiled by Cement Manufacturers' Association of India.
-------------------------------------------------------------
QUARTERLY PERIOD CURRENT QTR EARLIER QTR YR-AGO
GDP Jan-Mar 8.8 pct 8.8 pct 9.1 pct
Balance of Oct-Dec -$26.74 bln -$29.24 bln $7.51 bln
payment@
@ Source: Reserve Bank of India; (-) means increase
-------------------------------------------------------------
ANNUAL 2006/07 2005/06 2004/05 2003/04
Population (million) 1,111 1,107 1,090 1,073
Real GDP growth (pct) 9.6 9.4 7.5 8.5
Industrial output 10.9 9.6 9.8 7.4
(pct growth)
Agricultural output 2.7 6.0 0.0 10.0
(pct growth) Fiscal deficit

3.5 4.1 4.0 4.5
(% of GDP)
Balance of Payments -36.61 -15.05 -26.16 -31.42
(in $ bln) @
Current a/c -9.61 -9.19 -5.4 14.08
balance (in $ bln) Exports (merchandise) 127.1 105.2

83.5 63.8
(in $ bln)
Car production 1.24 1.05 0.96 0.78
(mln units)
Car sales (mln units) 1.08 0.88 0.82 0.70
@ Source: Reserve Bank of India; (-) indicates increase
-------------------------------------------------------------
(Estimates are as per Central Statistical Organisation)
NOTE: Car production figures for the year 2003/04 do not
include the output of the Indian unit of Fiat.
SOVEREIGN RATINGS (OUTLOOK) FOR LONG-TERM FOREIGN CURRENCY
DEBT:
Moody's Baa3 (stable); S&P BBB- (stable); Fitch BBB- (stable)
($1=42.7 rupees)
(Compiled by Swati Bhat; Editing by Ramya Venugopal)