India Shining!!


Carson Sasser came up with a nice links that talk about “Indian Shining Economy”. Thank you Carson for bringing this to my attention. Recently published report by Government of India says that India’s industrial production rose 11.4 percent in September, boosting growth for the first half of the fiscal year to 10.9 percent. Very nice to hear that Indian economy is growing fast and India Shining Brighter then ever expected. But question is how to improve the life of people who below the poverty line? Major challenges Ahead due to Crime Corruptions and AIDS..AIDS is taken very lightly by Government and it is going to be big challenge to our economy.

India Industrial Output Rises in Sept

NEW DELHI (AP) — India’s industrial production rose 11.4 percent in September, boosting growth for the first half of the fiscal year to 10.9 percent, the government said Friday in a report that indicated momentum is building in the economy.

India has averaged 8.1 percent annual economic growth over the past three years, making it one of the fastest-growing economies in the world.

The growth in industrial production in September came amid sustained domestic demand and a surge in exports, despite rising oil prices that added to inflation and prompted banks to raise interest rates.

Among industries, manufacturing output grew 12 percent in September compared with 8.9 percent in the same month a year ago. Mining production expanded 3.9 percent in September from last year, while electricity generation was up 11.4 percent.

 

Technorati technorati tags: , , , , ,

Advertisements

3 Comments

  1. Unless we improve infrastructure in a big way and also implement labor reforms, all this talk of India shinning only flatters to decieve.

  2. THE CHINESE HAD NONCOMPETITIVE GOODS AND SMALL INDUSTRIES SO THE REDUCTION OF POVERTY VIA GROWHT WITH THE POLITICAL SETUP IS NOT A GREAT EVENT TO ADMIRE. INDIA ON THE CONTRARY EXIST WITH HETROGEINITY,IN EVERY THING -STATE, LANGUAGE,POLITICS,SOCIAL SETUP,SEX,ATTITUDES AND OVERALL CULTURAL ETC.
    keeping these in my base i argue the exiting set of operational mechanism and its effects. literacy should get atmost preority. what is the use of giving SPSS package and its literature to an illiterate and claim that we reached people and spent to eradicate illiteracy. what it mean to an illiterate,he cal sell it in the waste paper market or keep it as a show piece.if literacy(effective-can directly fit in to industial and occupational system) is not well defined and meaning fully achieved,effeciency compromised for social achievements and bad governance continue to exist the policies may not produce meaningful result

  3. @Hiren

    Very rightly said, we need to improve our infrastructure if we relly want to keep pace with China.

    @Dr.G. Ananthapadmanabhan

    Thanks for visiting my blog and sharing your view with me and with me readers. I do undertstand your point and really appreciate the way you has shared with us.


Comments RSS TrackBack Identifier URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s