Hi Friends
India is the flavour of the year around the world. All eyes are on India. Everybody is comparing us with China, as to when the Rising Tiger will overtake the Crouching Dragon.
Here are some interesting facts:
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7 % GDP growth for 4 consecutive years. |
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20 % rise in exports for 3 years in a row. |
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Over 30 % increase in corporate loans from banks and financial institutions. |
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40 % increase in investment. New projects are spread across sectors. |
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Infrastructure spending to double to Rs. 95,000 year in 2006 |
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56 % growth in home loans |
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40 % rise in consumer credit |
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Wealth creation in stock market |
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Real estate boom across India |
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53 % growth in mobile phones. |
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India is the world’s second largest market for mobile phones |
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Booming airline industry - 4 new private airlines enter the Indian market |
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Foreign airlines offering more and more flights to and fro India |
We are witnessing many new developments which have a definite impact on the ‘Employment Market’ in India. Witness:
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14 % rise in salaries in 2005 |
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Biggest job growth - over a million jobs created in urban India alone |
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