Money India

As per the reports of CSO (Central Statistical Organisation), Indian economy grew at 9.2% during the second quarter from June 2006 to september 2006. Besides this per capita income growth is 6.4 percent per annum. Sectors like Manufacturing, Telecom, Financial services, power and infrastructure exhibited tremendous growth whereas the share of agriculture, forestry and fishery has come down. The  Prime Minister’s advisory council had projected the growth for the current fiscal to be more than 8%. In the first quarter the economy had grown at 9.1% and if it keeps its pace for the next two quarters as well, Indian economy could acheive a growth of more than 9% during this fiscal which would beat all historic records and would place India on the top amoung its asian peers.

With such encouraging figures, the India story remains intact and more and more foreign money is knocking at Indian doors. The stock markets are at all time high and FIIs are providing the all necessary liquidity. All the macro economic elements are positive except inflation, which is a cause of concern for the finance ministry. Tax collections have increased in a big way, new jobs are being created, stock markets are surging, all signalling towards a robust economy. The boom had started in the technology sector and is now spreading across the board. Manufacturing, autos, pharma, realty, retail, telecom, construction, power, trading, Banking and financial services, almost all sectors are booming. Indian companies are acquiring companies abroad, they are making a global presence, biggest brands of the world are tieing up with indian partners to exploit the potential of India.