India is in better position to weather the slowdown compared to other countries. Economy, infra structure ,and governance are the three main areas to focus and bring economy back to shape. Venu srinivasan, manager of Tvs motors feel that India will recover economy by October 2009. In December stimulus packages were announced, and economy started showing signs of improvement .These packages will show more improvement on Indian economy, because India is in better position as compared to other countries. The ministry of corporate office has issued notification on “relief from the position of AS-11.The industry was facing tough time in terms of the losses occurred as result of foreign exchange transactions, but India will soon recover from the losses.
An Agenda has been made this year. Government focus is on capital formation this year For Indian industry to grow, government should take certain steps like issuing less bonds to ensure greater liquidity of market,, monetization of fiscal defeat among others. The cost of building and land is 15% more in India than in other countries. We cannot be competitive as an economy unless we improve our infrastructure. While IT, telecom ,hotels have immensely contributed to growth. but inclusive growth is must. In China the government gives land to the industry. Our government should also have industrial parks at much affordable rates. China in last few years has built several new cities. Even in our country, there should be proper planning of infra structure .summit G-20 has been started so that international trade gets back to normal health
An Agenda has been made this year. Government focus is on capital formation this year For Indian industry to grow, government should take certain steps like issuing less bonds to ensure greater liquidity of market,, monetization of fiscal defeat among others. The cost of building and land is 15% more in India than in other countries. We cannot be competitive as an economy unless we improve our infrastructure. While IT, telecom ,hotels have immensely contributed to growth. but inclusive growth is must. In China the government gives land to the industry. Our government should also have industrial parks at much affordable rates. China in last few years has built several new cities. Even in our country, there should be proper planning of infra structure .summit G-20 has been started so that international trade gets back to normal health
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