LOTTE PVT. LTD.
Submitted To- Submitted By- Prof. Aparna Hawaldar Karun Rustagi IBS-B, FM- ll 11 BSP 2034 Section - D
Economic Over View
Indian Economy: India’s GDP growth rate is 8.2% 2011-12 as compared to last year 8.5%. Important facts about different sectors in Indian economy-
GDP at market price:-
GDP at factor price:-
Agriculture grew at 6.6% in 2010-2011. This year’s monsoon is projected to be in the range of 90 to 96 per cent, based on which Agriculture sector is estimated to grow at 3.0% in 2011-12. Industry:-
Industry grew at 7.9% in year 2010-11. Projected to grow at 7.1% in 2011-12. Services:-
Services grew at 9.4% in 2010-11. Estimated to grow at 2011-12. Investment rate:-
Investment rate grew at 36.4% in 2010-11 and projected to grow at 36.7% in 2011-12. Domestic saving Rate:-
Domestic saving rate as ratio of GDP 33.8% in 2010-11 and estimated to grow 34% at in 2011-12. Current Account Deficit:-
Current Account deficit is $44.3 billion (2.6% of GDP) in 2010-11 and projected at $54.0 billion (2.7% of GDP) in 2011-12. Merchandise trade Deficit:-
Merchandise trade deficit is $ 130.5 billion or 7.59% of the GDP in 2010-11 and projected at $154.0 billion or 7.7% of GDP in 2011-12
Invisible Trade Surplus:-
Invisibles trade surplus is $ 86.2 billion or 5.0% of the GDP in 2010-11 and projected at $100.0 billion or 5.0% in 2011-12 Capital Flows:-
Capital flows at $61.9 billion in 2010-11 and projected at $72.0 billion in 2011-12
Foreign Direct Investment Inflow:-
FDI inflows projected at $35 billion in 2011-12 against the level of $23.4 billion in 2010-11 Foreign Institutional Investor:-
FII inflows projected to be $14 billion which is less than half that of the last year 2010-11 $30.3 billion Accretion to reserves:-
Accretion to reserves was $15.2 billion in 2010-11. Projected at $18.0 billion in 2011-12 Inflation rate:-
Inflation rate would continue to be at 9 per cent in the month of July-October 2011. There will be some relief starting from November and will decline to 6.5% in March 2012.
Industry Over View
The Indian confectionary market is one of the fast growing markets in the processed food sector. Growing at a rate of 8% in 2010-11 the market size of the Indian confectionery market was Rs. 50 billion with a volume turnover of about 235700 tonne per annum. The category is largely consumed in urban areas with a 73% skew to urban areas and 27% to rural markets. Confectionery primarily made out of sugar is consumed by individuals of all age and regions. The industry in India is approximately divided into: chocolates, hard- boiled candies, Éclairs and toffees, chewing gums, lollipops, bubble gums, mints and lozenges. The major players in this segments are nutrine, nestle, Cadbury, lotte and perfetti van melle. The confectionery market in India is expected to grow at healthy rates. Sugar confectionery will remain the largest segment, and new products like mints, lollipops and chewing gum, as well as boxed assortments will grow at the fastest rates. INDUSTRY TRENDS-
GDP for the year 2010-11 is 8.5% and the advance estimates of the Central Statistical Organization (CSO) expects the economy to grow by 9 per cent in2011-12. The confectionery industry in India is approximately divided into chocolates, hard boiled candies, Éclairs and toffees, chewing gums, lollipops, bubble gum, mints and...