Revolutionizing Awareness

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Posts Tagged ‘Economy of India’

How resilient is Indian economy?

Posted by Admin on May 30, 2012

Structure of the organised banking sector in I...

Structure of the organised banking sector in India. Number of banks are in brackets. (Photo credit: Wikipedia)

http://in.finance.yahoo.com/news/resilient-indian-economy-030000550.html

Equitymaster – 18 hours ago

The growth forecasts for Indian economy have recently been revised downwards. Reeling under gross mismanagement, the Indian economy seems to be in a state of mess. However, the Finance Minister feels otherwise. He believes that India is in a better position than other economies to deal with it on account of high savings rate and domestic demand along with regulatory mechanisms.

Given the current circumstances, the picture portrayed by Finance Minister is too rosy to be real. He draws support from a huge young population and hence a robust domestic demand, a strong Indian banking system and diversified exports base. However, with disturbances in the global economy, it is only logical to expect that demand of exported goods will slow down.

The role of major Asian economies, especially India and China, in running the global growth engine can’t be undermined. These economies have the advantage of a huge chunk of young population that will keep the demand vibrant and add to the productivity. However, while China is making the right moves by shifting focus to tap the domestic demand, India seems to have landed itself in a very precarious situation.

With twin deficits gaping us wide in our face and rupee in a free fall, an optimistic tone for Indian economy looks so out of place. Our regulatory mechanisms might have worked in the past; however, the country seems to be falling too short on action in policy front. This is keeping foreign investors at bay. The absence of domestic funds and lack of foreign investment will lead to infrastructural deficit thus wasting the potential of youngsters. It is said that tough times can teach a lot. Looks like our time to learn has come. Hope the Government stops fiddling while the country is burning and wakes up to the need of reforms before it is too late.

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India rated world’s most optimistic market

Posted by Admin on February 18, 2012

http://in.finance.yahoo.com/photos/revealed-world-s-10-most-optimistic-markets-1329302582-slideshow/

Consumer confidence in India remains high for the eighth consecutive quarter, latest Nielsen report reveals.

india

India remains the world’s most optimistic market for the eighth consecutive quarter (or for two years in a row) with a one point consumer confidence index increase to 122. “The top spot globally reminds us of the inherent strength of the Indian economy, the savings mindset of the Indian consumer, and the positivity of consumer sentiment which has likely been helped by the recent cooling of inflationary pressure,” said Justin Sargent, Managing Director, Nielsen India. Click on NEXT to view the other 9 most optimistic markets…

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