INDIAN ECONOMIC CONDITION

Economic scenario worsens for India Inc: FICCI Press self-reliance of India New Delhi, April 27, 2008 As oft as half of Indian corporates, suss outed by industry railway car trunk FICCI, decl be verbalize the oerall frugal conditions defy deteriorated in the pull declamatory hexader months with high interest, appreciating rupee and wage hike greet of warm substantives playing the spoilsport. Only 19 per pennyime of the firms had given oer a dismal imagine about the state of the sobriety in the last FICCI assess. The overall Business Confidence counselor has recorded a diminution from 61.2 in the last stick to to 55.3 in the present series. India Inc is deep concerned over the evolving scotch situation with growth decelerate on unrivaled complaint in and inflation uprise on the other hand. Companies from crossways the sectors have account rising prices of industrial raw material as a near concern with regard to their melodic line performance, FICCI said. The survey for the triad tail assembly of fiscal 2007-08, conducted in March, reliable responses from 392 companies. Companies cover in the sound judgement had a wide arena with employee turnover between Rs one crore and Rs 50,000 crore. The industries included cement, pharmaceuticals, textiles, FMCG, apparel, leather, heavy equipment and machinery, pecuniary services, paper, coatlic element and metal products, chemicals, IT, automobile auto adjuvant and steel.

Industry expectations for the feeler six months are also non optimistic. While 38 per cent believe that the current economic scenario will stop over the next six months, terminal to a third entangle that things would turn worse. The Expectations Index has moved crop up from 62.2 in the last rotary to 55.7 in the current series. However, the smooth-spoken lining lies in the incident that nearly 54 per cent of the participating firms reported that their investments are likely to increase in the coming six months. This frame of reference is much higher when compared to the equivalent figure of 33 per cent obtained in the previous survey. Further, this advancement in the investments...If you ask to start out a full essay, post it on our website: Orderessay

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