At present Indian financial condition is too volatile to expect. In India market is now started to gear up. In India despite of many ups and downs this year Finance Minister Pranab Mukherjee has assured that country's financial conditions are stable the effects of drought which was the major problem this year and despite of all other difficulties Indian government was able to create right environment to ensure steady investment demand in the economy. Initially, much attention was given to the agricultural sector but as later on, the focus shifted to the other sectors including the industrial, financial and other sectors.
The Indian government according to the yearly assessment always showed a remarkable improvement in every part of the country. India’s financial sector is generally sound, resilient and fairly liquid. The financial infrastructure is also assessed to be robust.
This year the major sectors, the growth rate of India fell from an average of over 9 % in the previous three fiscal years to 6.7 %. The total estimated expenditure for 2009-10 was Rs.10, 20,838 corer, of which Rs.6,95,689 corer was towards Non Plan and Rs.3,25,149 corer towards Plan expenditure. Total estimated revenue was Rs 6, 19,842 corer, including revenue receipts of Rs 6,14,497 and capital receipts of Rs 5345 cores, excluding borrowings. This report shows that Indian financial conditions is though of fluctuating condition but it has a minimum resource to over come any financial drawbacks and shows the steady growth every year.
So it can be concluded that the financial condition of India is not the department to be of slowdown. The Indian government looks for the favors of every aspect of people to financially sound. And the budgets are always in favor of we the people. The Indian government despite of the world wide global recession has over come the recession and the Indian companies are in condition to handle new projects and to provide job.
The Indian government according to the yearly assessment always showed a remarkable improvement in every part of the country. India’s financial sector is generally sound, resilient and fairly liquid. The financial infrastructure is also assessed to be robust.
This year the major sectors, the growth rate of India fell from an average of over 9 % in the previous three fiscal years to 6.7 %. The total estimated expenditure for 2009-10 was Rs.10, 20,838 corer, of which Rs.6,95,689 corer was towards Non Plan and Rs.3,25,149 corer towards Plan expenditure. Total estimated revenue was Rs 6, 19,842 corer, including revenue receipts of Rs 6,14,497 and capital receipts of Rs 5345 cores, excluding borrowings. This report shows that Indian financial conditions is though of fluctuating condition but it has a minimum resource to over come any financial drawbacks and shows the steady growth every year.
So it can be concluded that the financial condition of India is not the department to be of slowdown. The Indian government looks for the favors of every aspect of people to financially sound. And the budgets are always in favor of we the people. The Indian government despite of the world wide global recession has over come the recession and the Indian companies are in condition to handle new projects and to provide job.
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