India Economic Outlook And Long Term Prospects
India Investment Strategy
Macro-Economic Outlook
Rising GDP
India is the 4thLargest economy in the world on PPP Basis ? IMF and World Bank 2007.
GDP Growth- 8.3 % in 2006-07
GDP Growth- 9.5% in 2007 first quarter.
Projected GDP growth- for 2007-08- 9.2%.
Projected GDP growth for up-to 2011 above 8.7%.
One of the fasted growing economy.
India World Ranking
India Transformed
World?s second fastest growing economy.
4th
Features of Economic (Industrial) Liberalization Policy
Features of economic (industrial) liberalization policy include
a)Abolition of industrial licensing and permissions: the monopolies and restrictive trade practices act (MRTP) for all practical purpose were abolished to encourage maximum competition in the industrial sector.