Prime Minister: A. B. Vajpayee

The Age Of Stars

The gold airlift, liberalisation, and a floating rupee.

Vol. CXXVIIIThe edition of 2002 · The Open Economy5 records

Prime Minister: A. B. Vajpayee
Presidents: K. R. Narayanan · A. P. J. Abdul Kalam
Finance Ministers: Yashwant Sinha · Jaswant Singh
RBI Governor: Bimal Jalan

Bank Rate

6.25%

−0.25 pts on 2001

Rupee per dollar

₹48.63

+3% on 2001

Inflation

4.3%

+0.52 pts on 2001

GDP growth

3.8%

−1.02 pts on 2001

Reserves

$71,608m

+46% on 2001

External debt

$105,742m

+6.3% on 2001

agriculture, rural demand, power · 1 January 2002

Drought (below-normal south-west monsoon)

Generally credited with the 2002-03 GDP slowdown; the exact growth figure is not verified in this session

UnconfirmedOfficial record. Source: Not sourced in this session

Courts & Scandal

1 item

cross-sector

Scam follow-up machinery (context, not a single scam)

Ongoing; ATRs laid every half year

VerifiedOfficial record. Source: Lok Sabha / Rajya Sabha items: (2007-08-17); https://archive.org/details/eparlib.nic.in.718537 (2003-05-09); https://archive.org/details/rsdebate.nic.in.225632 (2009-06-09), item pages opened (archive.org)

Shipping & Insurance

3 items

all (H&M)

Indian west-coast ports north of Mumbai (Mumbai, JNPT, Kandla, Pipavav)

ReportedState media. Source: [M8] Gulf News "Sea Views: India wants war-risk premium scrapped" (gulfnews.com)

Indian-flag ships

All Indian ports (Indian-flag ships, Indian domestic market)

ReportedState media. Source: [M8] Gulf News, as above

all

Suez Canal / Gulf of Aqaba (among other areas), premium withdrawn

ReportedState media. Source: [M8] Gulf News, as above

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