‘Fast and first’ in 18 long years!

IIPM Alliances

It is definitely time for jubilation for the Indian economy. For the first time in eighteen years, the Indian economy has grown a good 9.4% in the fiscal year 2006-07. Such fast rate was witnessed last in 1988-89, when the economy grew by 10.5%. The positivity was also extended to the federal fiscal deficit as it decreased to 3.5% from 4.1% year on year. For the January- March quarter, while the manufacturing sector leaped ahead with a growth of 12.4 %, services showed a similar growth of 9.9% as the same quarter previous year. The only disheartening growth has been that of the agricultural sector, which comprises 60% of our population. It grew a meagre 3.8% in the fourth quarter as compared to the previous year.

Sparing the dismal performance by the agricultural sector, the economy’s robust growth emphasizes the emergence of India as a global economic power. The Tata- Corus deal earlier this year and other high profile global takeovers by Indian companies has reinforced the same. “With high growth comes high savings and high investment which, in turn, reinforce growth itself ,” commented P. Chidambaram, the finance minister of the country on this commendable growth of the Indian economy.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Article, Visit Below....
36TH Full Time Programme In Planning & Entrepreneu...
IIPM going global
On "IIPM - Arindam Chaudhuri - Planman"
Warming up for doomsday?
If you have it, flaunt it
IIPM RANKED AHEAD OF FIVE OF THE IIMS
The Business of B-School Rankings & The Big Farce
A beach resort… Come for a month, at least
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Money for nothing...
Topic: India – China: A Growth Comparison
Who says US is on the brink of a recession?...
Thanda karta sabko ek
IIPM Infrastructure : Campus
HRIC :- Human Resource Intelligence Cell