The Indian government views investment in the creaking infrastructure of the country as being a key requirement, and has earmarked approximately $550 billion, for infrastructure upgrades during the 11th five year plan. It expects to fund 70% of project costs, with the other 30% being supplied by the private sector. Ports, airports, roads and railways are all seen as vital for the Indian Economy and have been targeted for investment.

 

Further hope comes from the confidence of Indias home bred companies. As well as taking over the domestic reins, where they now account for most of the economic activity, they are also increasingly expanding abroad. India has contributed more new members to the Forbes Global 2000 than any other country in the last some years.

Indias Economy has grown by more than 9% for three years running, and has seen a decade of 7%+ growth. This has reduced poverty by 10%, but with 60% of Indias 1.1 billion population living off agriculture and with droughts and floods increasing, poverty alleviation is still a major challenge.

The structural transformation that has been adopted by the national government in recent times has reduced growth constraints and contributed greatly to the overall growth and prosperity of the country. However there are still major issues around federal vs state bureaucracy, corruption and tariffs that require addressing. Indias public debt is about 58% of GDP, and this represents another challenge.

During this period of stable growth, the performance of the Indian service sector has been particularly significant. The growth rate of the service sector remains high and contributes about 53% of GDP. The industrial sector contributes about 29% of GDP. Agriculture is 17% of the Indian economy. To register for Indopac Summit 2012 click http://hpe.asia/register.html
Growth in the manufacturing sector has also complemented the countrys excellent growth momentum. The growth rate of the manufacturing sector rose steadily. The storage and communication sector also registered a significant growth rate.

Additional factors that have contributed to this robust environment are sustained in investment and high savings rates. As far as the percentage of gross capital formation in GDP is concerned, there has been a significant rise from 22.8% in the fiscal year 2001. Further, the gross rate of savings as a proportion to GDP registered good growth.

There are many latent factors that provide stability and growth to Indian economy. What better place to unravel all this and new insight into investment scenario could be than the forum of high profile international event Indopac Summit 2012 to take place in New Delhi on 2nd and 3rd of October. Political and economic stalwarts from world over would enlighten the gathering of business and investor class with their astute vision  which would be useful for the economic growth of India and the other Asia Pacific countries. To read more articles click http://hpe.asia/blog/
 
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Venue -: The Taj Hotel,

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Contact - Mr. Sanjeev Kalia

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