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India Co. does well in 3rd Quarter Results Our Mumbai Bureau 31 DEC Reports from the Finance Ministry has shown that India has continued to grow at a rate of 7% in this year. Exports were up with software exports touching an all time high of 10 billion. The exports scenario has considerably deepened with India occupying a high global market share in Aquaculture, horticulture & floriculture exports. India's branded software packages in the fields of data warehousing & multimedia have got a stranglehold on the market. Apart from this, Indian companies particularly in the pharmaceutical & telecom sectors have done tremendously well. The government revenue collection for this year has been above average. The check on corruption by the judiciary seems to have worked. Foreign direct investment has shown tremendous increases because of more confidence in the indian economy. The major problems still facing the economy are the political instabilities and the lot of the ever growing poor in India. The population growth also is a problem as it is expected to overtake China by the year 2015, even though considerable progress has been made in reducing growth.  |
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