India – The Global Destination
Stability and sustainability are the two key words that come to mind when India is placed on the global radar. Taking stock of the current scenario, it is proved that this is one country that truly possesses the potential to transform into a super power. Even though faced with the turbulent insecurities of a global meltdown, the Indian economy still kept growing by leaps and bounds. The exports sector might have felt the repercussions of the slowdown, but internally efforts were put in place to strengthen the infrastructure to conquer the challenges of future. Internationally employees were given the pink slips in bulk but nationally the talented lot kept creating benchmarks.
As a fast developing country, the recently held assembly elections reflected the true sentiments of the Indian population. A stable government is what they had asked for. The much liberal generation of today believes in the idea of deeds and not in the concept of fake promises. The results of the Lok Sabha elections were declared on May 16 which was a Saturday and positive effects of the same could be witnessed in the markets by the following Monday.
Foreign institutional investors are knocking back on the doors of Indian stock market. The estimated investments made by these institutions sum up to a value close to the mark of over 3 billion dollars. Domestic players too are leaving no stone unturned by having pumped in more that Rs. 190 crores in the market. In fact, the Bombay Stock Exchange after having a maintained a low for last seven months finally triumphed by touching the mark of 14,302 points.
Resources are growing richer. Is this a result of the newly formed leadership at the centre or a product of changed perspectives? The Indian industry is looking forward positively towards the creation of an apt economic environment which will take the country on a 9 per cent growth rate. The global markets being volatile at the moment might affect the growth process but it won’t stop and will continue at a gentle pace.
The Indian realty sector too is signalling the revival of good times. Commercial banks too are taking the lead in lending to developers. By the end of February 2009 itself loans to real estate companies witnessed an upwardly movement of 61.4 per cent. Renowned developers too have made a new head start by launching projects that are featured in the affordable category. NRIs too are keen to invest back in India where their roots belong too. Besides security what India holds true to its core is the assurance of continuing with the stability factor, which is most important for investors to cling on to. The growth envisioned in the realty sector will also play an important role in the development of over 250 ancillary industries such as cement, steel, paints and much more.
The retail sector too is eagerly awaiting the newly formed government’s stand on the issue of Foreign Direct Investments (FDI). Consumption is thereafter predicted to grow phenomenally. Many international partnerships are soon to be materialised. The general insecurities surrounding a foreign retail hand are also fading away.
Poised to transform into a global power, India is one place where desires never dry up but attain a new level of newness to be experienced in true colours. |
