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Sentiment about the business economic outlook is at
an all-time high in India, which tops the list of 32 countries
surveyed by London-based accounting firm Grant Thornton. The survey
that polled 7,200 leaders of private firms found that Indians were
the most upbeat with 97 per cent of the respondents being optimistic
as they looked ahead to the next 12 months.
For the first
time in several years, net foreign direct investment inflows into
India have been projected to be larger than portfolio capital
inflows. The net FDI for 2006-07 would be around US$ 9 billion, up
from US$ 4.7 billion last year, the Prime Minister's Economic
Advisory Council said in its update on the country's balance of
payments outlook for this fiscal.
In fact, India has become
the fourth largest recipient of FDI in the South, East and Southeast
Asian region, surpassing South Korea. In this issue of the
newsletter, we also take a look at the unfolding retail story in
India.
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Warm
regards,
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Jayant Bhuyan
CEO, India Brand Equity
Foundation
& Deputy Director General, Confederation of
Indian Industry |
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Feature: The great Indian retail saga |
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Just
like a lengthy soap opera, the retail story has been unfolding
for almost a year. Each episode brings a new development in
the quiet revolution that is brewing in the Indian retail
space. [More] |
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Feature: Field day for construction equipment makers
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The
construction equipment industry in India is growing at a
blistering pace of 30 per cent annually, driven by growing
investments in the infrastructure sector. International majors
are setting up plants, gearing up to meet the expected surge
in demand. [More] |
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German companies in India: Kluber Lubrication |
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Kluber
products find application in a wide variety of machinery.
India's well established manufacturing base and expected
annual growth of over 12 per cent in the manufacturing sector
over the next ten years, make it a very attractive market for
the company. This was the key consideration for Kluber
Lubrications to invest in India. [More] |
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Japanese companies in India: Hitachi |
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Hitachi
is of the view that India is very important for the firm's
success and is a strategic market. Factors that give such a
crucial advantage to the Indian market include India's leading
outsourcing industry, audio-visual industry, sizeable hard
disk drive market size, and other consumer electronics
opportunities. [More] |
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