Archive for EconomyEconomy
Subscribe to Hexxcom’s RSS feed to get the latest Updates. Thanks for visiting!India’s growth forecast for 2010-2011 has been revised up from 8.2% to 8.6% as a result of strong economic performances and an increase in private consumption, for the first two quarters of the fiscal year.
France agreed a deal with India worth $20 billion spanning atomic energy, defence and civil aviation. The $20 billion deal signed by French president Nicolas Sarkozy, has doubled US president Barak Obama’s $10 billion deal signed with India during November.
India is showing its economic strength as foreign investments have reached $38.76 billion for the year so far after a massive $4.78 billion was invested into the capital market in November.
The manufacturing sector in India expanded to 57.2 in October 2010 from 55.1 in November according to the latest HSBC Purchasing Manager’s Index (PMI).
India has finalised a bilateral trade pact with Japan without having to fully commit on opening government purchases to foreign companies and without agreeing to tighter intellectual property rules. The agreement is to be signed during Prime Minister Manmohan Singh’s visit to Tokyo next month.