Indian Data Watch-Trade data on Sept 1

DAY LOCAL/GMT INDICATOR/EVENT PERIOD FORECAST PREVIOUS
-------------Calendar for Sept 1 week------------------------
Mon 1030/0500 ABN Amro PMI Aug N/F 57.8
Mon 1200/0630 Trade deficit July N/F $9.79 bln
Thu 1200/0630 Infrastructure July N/F 3.4 pct

output @
Thu 1800/1230 Inflation Aug 23 N/F 12.40 pct
Fri 1700/1130 Forex reserves Aug 29 N/F $297.29 bln
@ Tentative date subject to change
-------------Calendar for Sept 8 week------------------------
Thu 1800/1230 Inflation Aug 30 N/F NA
Fri 1200/0630 Industrial output July N/F 5.4 pct
Fri 1700/1130 Forex reserves Sept 5 N/F NA
Fri 1700/1130 M3 money supply Aug 29 N/F 20.6 pct
Fri 1700/1130 Bank credit Aug 29 N/F 25.9 pct
-------------Calendar for Sept 15 week-----------------------
Thu 1800/1230 Inflation Sept 6 N/F NA
Fri 1700/1130 Forex reserves Sept 12 N/F NA
-------------Calendar for Sept 22 week-----------------------
Thu 1800/1230 Inflation Sept 13 N/F NA
Fri 1700/1130 Forex reserves Sept 19 N/F NA
Fri 1700/1130 M3 money supply Sept 12 N/F NA
Fri 1700/1130 Bank credit Sept 12 N/F NA
-------------------------------------------------------------

WEEKLY CURRENT WK-EARLIER YR-EARLIER
WPI inflation Aug 16 12.40 pct 12.63 pct 3.99 pct
Forex reserves Aug 22 $297.29 bln $296.21 bln $228.85 bln
-------------------------------------------------------------

BI-MONTHLY CURRENT TWO WK-EARLIER YR-EARLIER
M3 (yoy) Aug 15 20.6 pct 19.6 pct 20.0 pct
Bank deposit Aug 15 33.38 33.49 27.44
(Rs. trillion) Bank credit Aug 15 24.40 24.28

19.38
(Rs. trillion)
-------------------------------------------------------------

MONTHLY CURRENT MONTH EARLIER YR EARLIER
Fiscal deficit July 87.0 pct 64.6 pct 85.7 pct
(pct of budget
target)
Trade balance June -$9.79 bln -$10.77 bln -$7.55 bln
Exports June $14.66 bln $13.78 bln $11.87 bln
Imports June $24.45 bln $24.55 bln $19.42 bln
Industry output June 5.4 pct 4.1 pct 8.9 pct
Infrastructure June 3.4 pct 3.5 pct 5.2 pct
output
Car sales July 87,724 99,738 89,250
(domestic)
Cement output July 14.70 14.65 13.41
(mln tonnes)#
Cement July 14.54 14.77 13.40
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 Jan-Mar -$24.99 bln -$26.74 bln -$20.45 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)
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) 158.46 128.08 105.15 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=44.2 rupees)
(Compiled by Rajkumar Ray)