ICICI Bank 2014 Annual Report Download - page 60
Download and view the complete annual report
Please find page 60 of the 2014 ICICI Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
58
BUSINESS ENVIRONMENT
Global economic growth remained subdued during fiscal 2014, while global financial markets witnessed
volatility in response to the commencement of withdrawal of quantitative easing by the US Federal
Reserve. Growth in the Indian economy remained below 5.0% for the second consecutive year, along
with subdued investment activity and consumer demand. Uncertainties regarding the global recovery,
concerns over domestic growth and volatility in financial markets were the key features of the economic
environment in fiscal 2014.
India’s gross domestic product (GDP) grew by 4.6% during the first nine months of fiscal 2014 compared
to a growth of 4.5% in the corresponding period of fiscal 2013. Growth was moderate due to a slowdown
in industry and services sectors. Growth in the industrial sector was 0.6% during the first nine months of
fiscal 2014, similar to the corresponding period of fiscal 2013. The services sector grew by 6.7% during
the first nine months of fiscal 2014, compared to 7.2% in the corresponding period of fiscal 2013. The
agriculture sector saw an improvement in growth to 3.6% during the first nine months of fiscal 2014,
compared to 1.4% in the corresponding period of fiscal 2013. Private consumption recorded a growth of
2.5% while investments, as measured by gross fixed capital formation, declined by 1.0% during the first
nine months of fiscal 2014, compared to a growth of 6.2% in private consumption and a decline of 0.1%
in investments during the first nine months of fiscal 2013.
FY2010 FY2011 FY2012 FY2013 Apr-Dec
FY2014
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
GDP Growth
y-o-y growth
8.6% 8.9%
6.7%
4.5% 4.6%
Management’s Discussion & Analysis