India: Economic Analysis and Industrial Trends

  Enquiry / contact me

Report by ARC Advisory Group

India:  Economic Analysis and Industrial Trends
India: Economic Analysis and Industrial Trends

According to the ARC Advisory Group, the annual Economic Survey, conducted by the Economic Times (Times Group) in India, was released a day prior to the announcement of the budget by the Government. This paints a "cautiously optimistic" picture within the present macroeconomic constraints. India's financial year runs from April 1st to March 31st of every year. In the FY2012-13, growth was 5 percent - the decade's lowest. But, this year the country's economic growth forecast has been pegged at a more encouraging 6.1 to 6.7 percent.
Anand Sharma, Union Minister of Commerce, Industry and Textiles, Government of India said, "The Indian economy is growing despite the economic crisis that engulfed the world." The Grant Thornton Global Dynamism Index had also judged India to be the fifth best country in the world for dynamic growing businesses. This reflects that India, with the implementation of effective policies and regulations, offers a conducive and fertile business environment.
According to the budget, the fiscal deficit for 2013-14 will be 4.8 percent of GDP as compared to 5.2 percent the previous year; and revenue deficit will be 3.3 percent of GDP for 2013-2014 as compared to 3.9 percent last year.

Posted on June 11, 2013 - (294 views)
by
Related articles
Portfolio of Tailor-made Drive and IIoT Solutions
300 Frames/s Vision Camera
ABB Partners with Enel Green Power to Deliver Predictive Solutions for Green Hydro-Operations
Inauguration: European Distribution Center in Espelkamp
Announcement: TE Connectivity’s new Senior Vice President and General Manager
Japanese Macnica Acquired 100% of ATD Electronique France
Compact Plug-in Test System
Low Quiescent Current Buck DC/DC Converters
Modular System Solutions in the "Heavy Duty" Sector
Thermal Fuse with Shunt Resistor
Sensors & Instrumentation Live from 25 to 26 September 2019
Filters and Filter Fans for Outdoor
Ultrasonic Air Flowmeter for Compression Applications
Enhance your Productivity
Partner Program Helps Choose the Right Product
Sensing Technology for Process and Control
Cloud for Pressure Measurement
Constant Force Springs
Float-type Level Switches
Thermocouple Cables