That’s how many felt in the summer of 2004 when the famed architect of economic reforms was anointed India’s prime minister. For the first time, a technocrat with humongous experience as a bureaucrat was assuming that office. Many believed that this would be a game changer. 10 years on, there is a whipped up mood of pessimism, with the nation crying for change. Was it all that bad? Let’s look at some bald numbers.
GDP GROWTHThe GDP reflects the wealth created in a country in a particular year. Three sectors drive this growth: agriculture, manufacturing and services. Once upon a time we grew at 2-3 per cent, which came to be dismissed as the Hindu rate of growth. Given the fact that our population was growing at 2 per cent it meant that any
Vikram Kirloskar, President, SIAM, happy over the success of the Auto Expo 2014 said, “We believe this Expo has successfully been able to evolve from a rudimentary exhibition of vehicles to a showcase of manufacturing strength and technological capabilities that we as a country possess.
Tamil Nadu budget for 2014-15 presented by finance minister O Panneerselvam has proceeded on familiar lines. The emphasis on social sector, extending subsidies over vast areas and an increase in salaries and pensions to government servants have continued.
The Union Government of India on 17 December 2012 lowered down the growth projection for the current financial year 2012-13 from 7.6 percent that was estimated earlier to 5.7-5.9 percent. The projection was showcased in the Mid-Year Economic Analysis. Where was this Mid-Year Economic Analysis tabled?
None of these
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.