Indian Economy

SECTION I : ECONOMY AND MARKETS Box-10 PROSPECTS The year 2003-04 has begun on a substantial, positive note. The satisfactory spread of the SouthWest monsoon so farther is expected to compensate for the delay in sowing on poster of the late arrival of the rains. Indian Economy Indian rescue has achieved what it has been hoping for rather some time. The Feel Good Factor Perhaps at no time during the post-liberalization period, Good Factor actor. Indian economy has shown such kind of optimism. It is poised to enhance its authentic economical maturation rate by more than two right percentage points in the current year, holding a long reserve of foreign exchange that is rather unprecedented, interest rate at an all time low and inflation in truth much under control, increasingly robust corporate transaction, strong operational performance from the banking sector, surge in the stock prices and a whole range of reforms right from new norms for issuance in the primary markets to the setting up of a central tilt authority to benchmarking Indian stock exchanges with the international best practices. The prospects for development in the financial year 2003-04 appear extremely back up. Monsoon has been middling good. More than 90 percent of the gross cropped area sure normal or excess rainfall.

Most of the states also certain good rainfall this year raising hopes of better performance of agriculture. Agriculture outgrowth in the year 2003-04 is expected to leap to 7.5 percent against negative growth of 3.2 percent. Industry is expected to growth at 5.0 on top of the 6 percent growth registered in the previous year and Services growth would make the tempo of around 7 percent growth registered in the last few years. As per the estimates of the Central Statistical Organization, real GDP in FY03 grew at 4.3 percent, industry at 6 percent and services by 7.1 percent. The most interesting and encouraging development has been the vastly improved corporate performance. Sings of revival are... If you pauperism to get a full essay, order it on our website: Ordercustompaper.com

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