This action might not be possible to undo. Are you sure you want to continue?
inflation and the complexities of running the world’s biggest d emocracy are proving challenging. India’s economy has been one of the stars of global economics in recent years, gro wing 9.2% in 2007 and 9.6% in 2006. Growth had been supported by markets reforms , huge inflows of FDI, rising foreign exchange reserves, both an IT and real est ate boom, and a flourishing capital market. Like most of the world, however, India is facing testing economic times. Despite The Reserve Bank of India setting inflation targets it is running high for the last two years. The rising costs of oil, food and the resources needed for India’s construction boom are all playing a part. India has to compete ever harder in the energy marketplace in particular and has not been as adept at securing new fossil fuel sources as the Chinese. The India n Government is looking at alternatives, and has signed a wide-ranging nuclear t reaty with the US, in part to gain access to nuclear power plant technology that can reduce its oil thirst. This is however not without protests and demonstrati ons and roadblocks as we see at Koodankulam . As part of the fight against inflation a tighter monetary policy is expected, bu t this will help slow the growth of the Indian economy still further, as domesti c demand will be dampened. External demand is also slowing, further adding to th e downside risks. The Indian stock market has fallen more than 40% from its January 2008 high. But with the recent clearance granted to FDI in various sectors, there is hope of r evival. To register for Indopac Summit 2012 click http://hpe.asia/register.html It is not all doom and gloom, however. A growing number of investors feel that t he market may now be undervalued and are seeing this as a buying opportunity. If their optimism about the long term health of the Indian economy is correct, the n this will be a needed correction rather than a downtrend. Indopac Summit is an international event which is annually held to comprehensive ly evaluate and device ways for economic development of the Asia Pacific region countries. The Summit, which is brainchild of Australian Media giant, First Char lton Communications, will take place in New Delhi this year on 2nd and 3rd Octob er. Nearly 15 heavyweights from Political and economic worlds of the likes of D r. Manmohan Singh, Christie LaGarde, James Shipton and David Wright would enligh ten the gathering of representatives from corporate world and investor firms. Le t’s expect a positive outcome from the Summit which could boost the investors’ moral e and investment scenario in the country. To read more articles click http://hpe .asia/blog/ Like our page on Facebook https://www.facebook.com/IndopacSummit2012?ref=hl Follow us on Twitter https://twitter.com/Indopac2012 Venue -: ¬¬¬¬¬The Taj Hotel, 1, Mansingh Road, New Delhi. 110011 Contact Mr. Sanjeev Kalia +91-9811420446