| Provisional Results of Household Consumer Expenditure Survey of NSS 68th Round (July 2011 – June 2012) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation has completed the Field work of NSS 68th round on 30th June 2012. This round was devoted mainly to Household Consumer Expenditure and Employment and Unemployment. The NSS consumer expenditure surveys aim at generating estimates of household monthly per capita expenditure (MPCE) and its distribution separately for the rural and urban sectors of the country, for States and Union Territories, and for different socio-economic groups. These indicators are amongst the most important measures of the level of living of the respective domains of the population and are crucial inputs for estimation of prevalence of poverty by the Planning Commission. The detailed results on consumer expenditure of NSS 68th Round are expected to be brought out by the NSSO during the year 2013. In the mean time provisional estimates relating to MPCE are being released. A separate Summary Sheet of the Household Consumer Expenditure schedule was prepared by the field investigators during the survey which has been processed quickly to compile the provisional results.
The provisional results of NSS 68th Round are based on the Central Sample consisting of 7391 villages (59,070 sample households) in rural areas and 5223 urban blocks (41,602 sample households) spread over almost all States and Union Territories in the country.
The results compiled are based on a measure termed as “Monthly Per capita Consumer Expenditure with Uniform Reference Period” (MPCEURP), where a common reference period of “last 30 days” was used for all items of Consumer Expenditure on which data were collected.
The values of average MPCEURP for NSS 68th , 66th and 61st rounds at all-India level at current prices and at 2004-05 prices are given in Table 1 and Table 2 below:
Table 1: Average MPCEURP (Rs.) at current Prices
URP: Uniform Reference Period of 30 days
Table 2 : Average MPCEURP (Rs.) at 2004-05 Prices
URP: Uniform Reference Period of 30 days
Besides, the all-India average MPCE, average MPCE over decile classes of MPCE from the data collected in the 68thRound are given below in Table 3. The first decile class comprises the bottom 10 percent of population in terms of MPCE and the top (10th) decile class comprises the top 10 percent of population. These decile classes for rural and urban domains are computed separately.
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Table 3:All India average MPCEURP (Rs.), NSS 68th Round, Consumer Expenditure over decile classes of population.
Figures are Provisional
Some salient findings of the survey in terms of MPCEURP are as follows:
· The average MPCEURP in 2011-12 was estimated at Rs.1281.45 in rural India and Rs.2401.68 in urban India. Thus the per capita expenditure level of the urban population was on the average about 87.4% higher than that of the rural population.
· The poorest 10% of India’s rural population had an average MPCEURP of Rs.503.49. The poorest 10% of the urban population had an average MPCEURP of Rs.702.26.
· The top 10% of the rural population, ranked by MPCEURP, had an average MPCEURP of Rs. 3459.77, about 6.9 times that of the bottom 10%. The top 10% of the urban population had an average MPCEURP of Rs. 7651.68, about 10.9 times that of the bottom 10%.
· In rural India, half of the population belonged to households with MPCEURP below Rs.1030 (median value) and nearly 40% of the rural population of India had MPCEURP below Rs.922. About 60% of rural population had MPCEURP below Rs. 1162. About 10% had MPCEURP above Rs.2054.
· In urban areas of India, half of the population was living with MPCEURP below Rs.1759, about 70% of population had MPCE above Rs1295, nearly 30% had MPCE above Rs. 2464, and 20% had MPCE above Rs.3077.
(This document is available on the website (http://www.mospi.gov.in) of the Ministry of Statistics and Programme Implementation)
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Wednesday, August 1, 2012
| India’s Foreign Trade: June, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EXPORTS (including re-exports)
India’s Exports during June, 2012 were valued at US $ 25067.20 million (Rs. 140452.05 crore) which was 5.45 per cent lower in Dollar terms (18.11 per cent higher in Rupee terms) than the level of US $ 26511.62 million (Rs. 118914.17 crore) during June, 2011. Cumulative value of exports for the period April-June 2012 -13 was US $ 75203.96 million (Rs 407055.99 crore) as against US $ 76507.51 million (Rs 342163.55 crore) registering a negative growth of 1.70 per cent in Dollar terms and growth of 18.97 per cent in Rupee terms over the same period last year.
IMPORTS
India’s Imports during June, 2012 were valued at US $ 35370.57 million (Rs.198182.00 crore) representing a negative growth of 13.46 per cent in Dollar terms (growth of 8.11 per cent in Rupee terms) over the level of imports valued at US $ 40870.18 million ( Rs. 183317.46 crore) in June, 2011. Cumulative value of imports for the period April-June, 2012-13 was US $ 115259.41 million (Rs. 623266.64 crore) as against US $ 122741.45 million
(Rs. 549000.58 crore) registering a negative growth of 6.10 per cent in Dollar terms and growth of 13.53 per cent in Rupee terms over the same period last year.
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during June, 2012 were valued at US $ 12688.6 million which was 4.43 per cent lower than oil imports valued at US $ 13276.9 million in the corresponding period last year. Oil imports during April-June, 2012-13 were valued at US$ 41585.0 million which was 5.48 per cent higher than the oil imports of US $ 39425.0 million in the corresponding period last year.
Non-oil imports during June, 2012 were estimated at US $ 22681.9 million which was 17.80 per cent lower than non-oil imports of US $ 27593.2 million in June, 2011. Non-oil imports during April - June, 2012-13 were valued at US$ 73674.4 million which was 11.57 per cent lower than the level of such imports valued at US$ 83316.4 million in April - June, 2011-12.
TRADE BALANCE
The trade deficit for April - June, 2012-13 was estimated at US $ 40055.45 million which was lower than the deficit of US $ 46233.94 million during April -June, 2011-12.
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| Anand Sharma to lead high-level Ministerial Delegation to Sri Lanka CII CEOS Mission to Sri Lanka to Enhance Bilateral trade Relations Over 108 Companies and 205 Participants to showcase Indian Innovations at the India show, Colombo |
| Union Minister of Commerce, Industry & Textiles Shri Anand Sharma will lead a high-level ministerial delegation to Sri Lanka coinciding with the ‘India Show’ organised by the Confederation of Indian Industry (CII) in association with the Ministry of Commerce & Industry and the High Commission of India in Colombo from August 3-5, 2012. Shri Sharma said: “India attaches great importance to its ties with Sri Lanka. It’s a relationship that is truly strategic and is rooted in history and civilisational roots. We are committed to realise full potential of our two nations in trade, investment and economic cooperation.” The “India Show” is an initiative of Government of India, Ministry of Commerce & Industry and the CII. The event is supported by the India Brand Equity Foundation (IBEF) and the Ceylon Chamber of Commerce (CCC). Shri Sharma’s visit to Sri Lanka assumes greater significance in the context of enhanced economic and strategic cooperation between the two nations. Shri Sharma’s visit would set the tone for doubling the bilateral trade at USD 9 billion by 2017 (currently USD 4.5 billion), and also move forward the dialogue process for early conclusion of Comprehensive Economic Partnership Agreement (CEPA). During his visit, Shri Sharma will meet H.E. Mahinda Rajapaksa, President of Sri Lanka; Hon. Basil Rajapaksa, Minister of Economic Development; Hon. Rishad Bathiudeen, Minister of Industry & Commerce; Hon. Prof. G. L. Peiris, Minister of External Affairs and discuss the larger scope for strengthening the bilateral economic and trade cooperation between the two countries. As part of India Show, CII will lead a high-powered 25 member Industry delegation led by Mr. Rajive Kaul, Past President, CII & Chairman, NICCO Corporation Ltd. and co-led by Mr. R Seshasayee, Past President, CII & Managing Director, Ashok Leyland Ltd. from August 3-4, 2012. This initiative is CII’s continuing engagement towards strengthening the business cooperation between industry groups of both countries. The members of the CEOs delegation will participate at the Conference on “Doubling Indo-Lanka Bilateral Trade and Investment within Five Years” organised by CII and the Ceylon Chamber of Commerce on August 3, 2012. Besides this, a business delegation from India will also visit India Show in Colombo and participate at the B2B meetings organized by CII & Ceylon Chamber of Commerce. “The India Show, with a participation of over 108 companies will showcase Indian innovations and manufacturing prowess on a wide range of products and services which includes automobile, engineering, infrastructure, tourism, food processing, information & communication technology, financial services, pharmaceuticals, handloom and handicrafts, education and many more. This strong participation reflects the keen desire of Indian industry to partner in Sri Lanka’s economic growth and development”, said Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII). The trade between the two countries before Indo-Sri Lanka Free Trade Agreement (ISFTA) came into force was about USD 500 million, which has now already crossed USD 4.3 billion and it is targeted to cross USD 7 billion by the year 2015. India’s exports to Sri Lanka amounted to USD 4.3 billion during 2011-12, which is an increase of about 25% compared to corresponding period last year. Sri Lanka’s exports to India amounted to USD 721 million during 2011-12, which is an increase of about 44% compared to corresponding period last year. In 2011, total FDI from India to Sri Lanka was USD 147 million and India was on second place behind Mauritius (USD 253 million). The concurrent events that will be held during the “India Show” in Colombo includes a three days exhibition, India–Sri Lanka Business Seminar, one to one business meetings, high level CEOs / business delegation, food festival by the Taj Group, wine festival by Agricultural & Processed Food Products Export Development Authority (APEDA) and cultural evening by Indian Council for Cultural Relations (ICCR). |
Internet Connected TVs
to Reach 650m by 2017, Driven by Smart Home Entertainment
Services
Hampshire, UK – 1st August
2012: A new
report from Juniper Research forecasts that the number of residential TVs,
connected to the Internet via different platforms such as Blu-ray players,
set-top boxes and consoles, and also via built in wireless or Ethernet
connectivity, will reach almost 650 million by 2017.
The report finds that Smart
TVs are becoming mainstream amongst consumers, similar to smartphone and tablet
adoption. Even though the replacement cycle of TVs are longer than for, say
smartphones, the report forecasts strong growth over the forecast
period.
The Demand for Online
Content
The report ‘Smart Home
Ecosystem: Connected Devices, Service Models & Revenues 2012-2017’ finds
that there is an increasing demand from consumers for new video content services
from so called OTT providers Netflix, LOVEFiLM and YouTube. The revenue and
profitability of traditional entertainment services within the home has
attracted many new players including content aggregators and platform providers
such as Apple and Google.
This consumer demand for
connectivity and content has influenced the smart home entertainment segment in
a major way along with the – integration of social media, multi-screen
strategies and applications.
Increasing Number of
Connected Home Devices
Report author Nitin Bhas noted
that as the cost of these connected devices fall over the period of forecast,
the value of connectivity will rise.
“The consumer electronics
industry along with key players, such as the content aggregators and platform
providers, needs to clearly define this device ecosystem and start working
towards driving this phase of growth and turn it into a revenue opportunity”,
Bhas added.
Other key findings
include:
- Indian Subcontinent will account for the lowest proportion of connected TV sets throughout the forecast period, due to the lack of fixed broadband connections
- Smart Home Revenues to reach almost $60bn by 2017, rising from $25 billion this year
The ‘Smart
Home ~ Connected Life’ whitepaper is available to download from the Juniper
website together with further details of the full report.
Juniper Research provides
research and analytical services to the global hi-tech communications sector,
providing consultancy, analyst reports and industry commentary.
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