Indian Data Watch-Inflation data on Nov 20

DAY LOCAL/GMT INDICATOR/EVENT PERIOD FORECAST PREVIOUS
-------------Calendar for November 17 week-------------------
Thu 1800/1230 Inflation Nov 8 N/F 8.98 pct
Fri 1700/1130 Forex reserves Nov 14 N/F $251.36 bln
Fri 1700/1130 M3 money supply Nov 7 N/F 19.9 pct
Fri 1700/1130 Bank credit Nov 7 N/F 29 pct
-------------Calendar for November 24 week-------------------
Thu 1800/1230 Inflation Nov 15 N/F NA
Fri 1200/0630 GDP Jul-Sep N/F 9.3 pct
Fri 1600/1030 Fiscal deficit Apr-Oct N/F 1,027 bln

(in bln rupees)
Fri 1700/1130 Forex reserves Nov 21 N/F NA
-------------Calendar for December 1 week--------------------
Mon 1030/0500 ABN Amro PMI Nov N/F 52.2
Mon 1200/0630 Trade deficit Nov N/F $10.63 bln
Thu 1200/0630 Infrastructure Oct N/F 5.1 pct

output@
Thu 1800/1230 Inflation Nov 22 N/F NA
Fri 1700/1130 Forex reserves Nov 28 N/F NA
Fri 1700/1130 M3 money supply Nov 21 N/F NA
Fri 1700/1130 Bank credit Nov 21 N/F NA
@ Tentative date subject to change
-------------Calendar for December 8 week--------------------
Thu 1800/1230 Inflation Nov 29 N/F NA
Fri 1200/0630 Industrial output Oct N/F 4.8 pct
Fri 1700/1130 Forex reserves Dec 5 N/F NA
-------------------------------------------------------------

WEEKLY CURRENT WK-EARLIER YR-EARLIER
WPI inflation Nov 1 8.98 pct 10.72 pct 3.35 pct
Forex reserves Nov 7 $251.36 bln $252.88 bln $270.18 bln
-------------------------------------------------------------

BI-MONTHLY CURRENT TWO WK-EARLIER YR-EARLIER
M3 (yoy) Oct 24 19.9 pct 20.3 pct 22.5 pct
Bank deposit Oct 24 34.86 34.69 28.8
(Rs. trillion) Bank credit Oct 24 26.15 26.07

20.27
(Rs. trillion)
-------------------------------------------------------------

MONTHLY CURRENT MONTH EARLIER YR EARLIER
Fiscal deficit Sep 77.0 pct 87.7 pct 53.8 pct
(pct of budget
target)
Trade balance Sep -$10.63 bln -$13.94 bln -$4.56 bln
Exports Sep $13.75 bln $16 bln $12.46 bln
Imports Sep $24.38 bln $29.95 bln $17.01 bln
Industry output Sep 4.8 pct 1.4 pct 7.0 pct
Infrastructure Sep 5.1 pct 2.7 pct 5.8 pct
output
Car sales Oct 98,900 108,823 105,877
(domestic)
Cement output Oct 14.71 13.86 13.86
(mln tonnes)#
Cement Oct 14.26 13.87 13.74
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 Apr-Jun 7.9 pct 8.8 pct 9.2 pct
Balance of Apr-Jun -$2.24 bln -$24.99 bln -$11.2 bln
payment@
@ Source: Reserve Bank of India; (-) means increase
-------------------------------------------------------------
ANNUAL 2007/08 2006/07 2005/06 2004/05
Population (million) 1,127 1,111 1,107 1,090
Real GDP growth (pct) 9.0 9.6 9.4 7.5
Industrial output 8.1 11.6 9.6 9.8
(pct growth)
Agricultural output 4.5 3.8 6.0 0.0
(pct growth)
Fiscal deficit 2.8 3.5 4.1 4.0
(% of GDP) b
Balance of Payments -92.16 -36.61 -15.05 -26.16
(in $ bln) @
Current a/c -17.40 -9.77 -9.9 -5.4
balance (in $ bln)
Exports (merchandise) 162.9 128.08 105.15 83.5
(in $ bln)
Car production 1.42 1.24 1.05 0.96
(mln units)
Car sales (mln units) 1.20 1.08 0.88 0.82
@ Source: Reserve Bank of India; (-) indicates increase
-------------------------------------------------------------
(Estimates are as per Central Statistical Organisation)
SOVEREIGN RATINGS (OUTLOOK) FOR LONG-TERM FOREIGN CURRENCY
DEBT:
Moody's Baa3 (stable); S&P BBB- (stable); Fitch BBB- (stable)
($1=49 rupees)
(Compiled by Rajkumar Ray)