Losing faith in Indian market
India is also the only one among the BRIC nation’s where economic growth is forecasted to slow down again in 2008. Analysts estimate 2008 earnings to be lowest among the BRIC. Even the industrial output growth slowed to a 6-year low and thus further lowered the trust of foreign investors.
The ray of hope among these dark clouds is the latest Business Week report. In its ranking of 50 most innovative companies, two large India-based conglomerates (Tata & Reliance) figure prominently on the list. Moreover, no other BRIC country had even one entry into the Top 50 list. This should encourage India polity to pay heed to investment related issues and boost industrial growth or will it?
India is also the only one among the BRIC nation’s where economic growth is forecasted to slow down again in 2008. Analysts estimate 2008 earnings to be lowest among the BRIC. Even the industrial output growth slowed to a 6-year low and thus further lowered the trust of foreign investors.
The ray of hope among these dark clouds is the latest Business Week report. In its ranking of 50 most innovative companies, two large India-based conglomerates (Tata & Reliance) figure prominently on the list. Moreover, no other BRIC country had even one entry into the Top 50 list. This should encourage India polity to pay heed to investment related issues and boost industrial growth or will it?
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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