Sunday, March 25, 2012

The Annual Economy survey released by the Finance Ministry of India few days back  has projected GDP growth of 7.6% for the Financial year 2012~2013.For the Financial year 2012 India is expected to close GDP growth of 6.9% on yearly basis  against the aggressive  target of 9% set in the beginning of the year . To achieve growth of even 7.6% India need to work very hard on several fronts. Most important is how the policy decision is being taken by the Government by building consensus with its ally’s partner and also with the key opposition parties. Most of the priorities are known to everyone but the challenge for each Indian will be how to implement it. Moderate inflation, Higher FDI , sustainable flow of Funds from abroad , higher investment in Infrastructure sector , transparency in the working style of executives and robust supply chain  are the key requirement which need to be focused in the coming Months . India will continue to depend upon imported fuel and the Global Crude price rise will disturb its Economy. Subsidy which has been justified by the politician with their vested interest of vote Bank needs to be tackled as early as possible. India cannot move ahead without eradicating the subsidy mania.    

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