Current State Of The Indian Economy
Current State of the Indian Economy
The current scenario of Indian economy has been characterised by optimistic growth and strong macro-economic fundamentals, particularly with tangible progress towards fiscal consolidation and a strong balance of payments position. The advance estimates (AE) of Gross Domestic Product (GDP) at factor cost for 2006-07 has been placed at 9.2 per cent.
The industrial sector has shown impressive growth in the current year. Year-on-year industrial growth of 10.6 per cent in the first nine months of 2006-07 was the highest recorded since 1995-96. The main reason being the robust growth in manufacturing sector. In seven of the eight months of the current year, the year-on-year growth of the manufacturing sector was in double-digits.
India's telecom sector has been one of the biggest success stories of market oriented reforms, and India is now amongst the fastest growing telecom markets in the world. Tele-density has increased from 12.7 per cent......
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