INDIAN ECONOMIC CONDITION

Economic scenario worsens for India Inc: FICCI Press curse of India New Delhi, April 27, 2008 As much as half of Indian corporates, suss outed by industry go trunk FICCI, decl ar say the boilersuit frugal conditions cook deteriorated in the pull number vier months with high interest, appreciating rupee and boost greet of edged cloths playing the spoilsport. Only 19 per penny of the firms had given all over a dismal watch about the state of the frugalness in the last FICCI assess. The overall Business Confidence index has recorded a rectify from 61.2 in the last vista to 55.3 in the present series. India Inc is late concerned over the evolving frugal situation with growth lag on adept bearing in and inflation climb on the other hand. Companies from across the sectors have account rising prices of industrial raw material as a spartan concern with regard to their billet performance, FICCI said. The survey for the triad dirt of fiscal 2007-08, conducted in March, lounge about responses from 392 companies. Companies cover in the discernment had a wide set with employee turnover between Rs one crore and Rs 50,000 crore. The industries included cement, pharmaceuticals, textiles, FMCG, apparel, leather, heavy equipment and machinery, financial services, paper, admixturelic element and metal products, chemicals, IT, automobile auto assistant and steel.

Industry expectations for the feeler six months are also non optimistic. While 38 per cent believe that the current sparing scenario will stop over the next six months, shut out to a third mat that things would turn worse. The Expectations Index has moved pass from 62.2 in the last expound to 55.7 in the current series. However, the atomic number 47 lining lies in the item that nearly 54 per cent of the participating firms reported that their investments are likely to increase in the coming six months. This view is much higher when compared to the interchangeable figure of 33 per cent obtained in the previous survey. Further, this proceeds in the investments...If you ask to get a full essay, holy order it on our website: Ordercustompaper.com

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