With the advent of 2009, economists are debating the extent of the impact of global meltdown on the Indian economy in 2009. The predictions range between somewhat optimistic to fairly pessimistic. But the common thread running is that 2009 will be challenging, indeed.
The Deputy Chairman of the Planning Commission Mr. Montek Singh Ahluwalia says the [...]
New Delhi, (PTI) Services and construction sectors helped the Indian economy expand at 7.6 per cent in the second quarter of the current fiscal, prompting government to term the growth as "healthy and satisfactory" even though it was the lowest in any three-month period in the last four years.The economic growth, as measured by expansion in Gross Domestic Product (GDP), may be seen as slowing down
Amit Dwivedi writes: “Who said agriculture is a business of loss. I am saving more than Rs 80,000/- (about USD 1,750) every year and providing bread & butter to my 11 family members who are dependent on me,” said Prabhavati Devi, who lives in Sardar Nagar block of Gorakhpur district. She has one and half [...]
Global economic recession is one of the hot discussion among friends in my office today. As most of my friends are weak in economics all of them are wondering what exactly is happening. Most of the people like us dont have any clue what is going on the world economy and in indian economy.
In the [...]
Indian economy where it is going?Dear Freinds,(Please Take time to read this to know about India.I know its not a hybrid cars topic.Hopping that you will read and give me a comment)Our honorable Indian ministers at the Centre have done it yet again !! A fuel price hike for the umpteenth time. Is it not time for us to reflect what is happening around us and respond appropriately to it.Petrol in Ker
IMF projected that Indian economic growth rate would slip to 7.9% in 2008 from 9.2% in the previous year, reports agency sources. In 2009, the Indian economy will expand at slightly higher rate of 8%, stated IMF`s World Economic Outlook. The report further said weak export demand and higher financing costs will dampen the growth of private investment, the key driver of growth. The impact of global financial turmoil following US sub-prime crisis, the cost of which is estimated at one trillion dollars by the IMF, will be less in case of emerging economies in the East as compared to developed nations. Growth in consumer prices, which has been rising alarmingly in the recent past in India is expected to moderate to 5.2% in 2008 and 4% in 2009. It was 6.4% in 2007. IMF growth projections for I
The single-largest source of foreign capital into India, non-resident Indians, may one day become the prime source of investment in the domestic economy. A new report on remittances to India says "NRIs now see India as an investment destination" and are already leaving their mark in real estate and the stockmarket.
Muzaffar Chishti of the Migration Policy Institute, author of "The Phenomenal Rise
Economic Growth in India has increase to a record 9.2% Many economists see this as a sign India at last will be able to fulfill her potential to alleviate poverty and become a modern successful economy.See: Reasons to be optimistic about state of the Indian EconomyHowever despite the high growth rates the Indian economy still faces many potential problems. In the short term inflation could become a significant problem as the economy gets close to full capacity. Unlike China the Indian economy has serious supply side constraints in certain areas like lack of investment. This means that the capacity to grow at 9% may be not possible to sustain in the long term.See: Problems facing Indian EconomyAlso see State of Indian Economy 2007Indian Market Economic Overview GDP Growth 2001- 05 6.8% Current GDP growth 9.2% Inflation 2001-05 4.0% Current Inflation 6.2%Indian Population 1.08bn Population growth 1.5%Picture of Taj Mahal: Unmesh Swanson Sri Chinmoy Centre Galleries
