Government Releases Advance Estimates for Growth
The outlook for growth prospects brightened significantly and the Central Bank projects a 7.5% growth this fiscal. The government also released, more in line with market expectations, an advance estimate for growth for FY 2010 at 7.2% year-on-year.
Fitch reaffirmed India’s current ratings. In view of the Reserve Bank of India’s strong stance on fiscal consolidation, the upcoming budget is expected to frame a road map for the future fiscal trajectory.
9 February 2010.
IAPCO Regional Seminar comes to India
Although the meetings and conferencing industry in India has a significant potential to boost tourism and the resultant economic growth potential of the country, it is often constrained by the lack of availability of skilled and trained manpower. While India is known around the world for its qualified and educated workforce, excellent customer service, there unfortunately exists an acute shortage of trained MICE (Meetings, Incentives, Conferences and Exhibitions) professionals.
To this effect of building capacity in this industry, the country’s first consolidated effort in imparting world class training to its conferencing and events professionals, comes the IAPCO Regional Seminar through the joint effort of International Association of Professional Congress Organizers (IAPCO) and Association Management Initiatives Private Limited (AMI).
This training is being organized as a 3-days course at Lavasa, India 6 – 8 March 2010, and will be facilitated by speakers of global repute from the IAPCO Training Academy.
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Indian Supply Chain and Logistics Forum 2010: Enter the Fast Lane of Supply Chain with World Class Infrastructure
This 9th National Convention of the Asian Council of Logistics Management throws open for deliberation the core issue of inadequacy of infrastructure that afflicts the Indian Supply Chain Industry today, and the measures & initiatives that the industry must adopt immediately.
Facilitated by eminent speakers from the industry who are connected to infrastructure, this forum promises to be a rewarding session for Supply Chain and Logistics professionals who seek to network, gain knowledge and discover the latest on the core issues of today.
ISLF 2010 aims to provide an interactive platform where LSP’s and Facilitators will put forth their views and address each others expectations and explore possibilities of development together as a group.The Trident Hotel, Bandra Kurla Complex, Mumbai will host this show on the 19 – 20 March 2010.
Pune Calling Aspiring Translators
When a farmer in south India reads a manual of his newly bought tractor in his mother tongue he may not be aware that it was one of the translators in Pune who carried out the work.
Though the translation industry in the country is still in its infancy compared to the $15-billion world market, it has high growth prospects in India with a potential to generate about 500,000 jobs in the country. And Pune is at the forefront of this segment.
India Story: Index of Industrial Production (IIP) surges further to double digits
Industrial production continued to march ahead in November 2009, as it grew at the fastest pace in more than two years. IIP posted growth of 11.7% YoY as compared to 10.3% in October. As a result of strong growth in the last few months, April – November IIP growth now stands at 7.6% as against 4.1% in the same period last year. The Infrastructure Index registered growth of 5.3% in November, as against 3.5% growth in the previous month.
Industrial performance data indicates continued strength in economic activity. On the real economy front, data prints continue to paint a robust picture as is evidenced by the IIP data. Manufacturing continues to post stellar growth and came in at 12.7% YoY, which also reflects the fact that the industrial sector will go a long way in underpinning growth in the next few quarters.
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Release Jan 12, 2010, Government of India, Ministry of Statistics and Program Implementation
ICICI Bank Corporate Solutions Research
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