India growth update



I read this article today in Rediff.com about India's growth projection this quarter. So wanted to share with all of you. Hopefully it gives soem of us some hope amidst all this price rise and inflation.


Credit rating agency Crisil Research on Thursday said it expects India Inc's revenues to grow 9-11 per cent in the quarter ended June 30, 2014 and 11-12 per cent growth for the entire fiscal year 2014-15.

"We expects India Inc's revenues to grow 9-11 per cent in the quarter ended June 30, 2014, compared with 4.3 per cent in the same period last year and 8.4 per cent in the quarter ended March 31, 2014. 

“For the entire fiscal year 2014-15, Crisil forecast Indian corporates to report 11-12 per cent revenue growth," Crisil said in a statement in Mumbai.

This growth will largely be driven by strong growth in export-oriented sectors and select domestic consumption driven sectors such as FMCG, passenger vehicles, and two wheelers, Crisil said. 

The Crisil study covered 600 companies excluding financial services and oil companies, representing 71 per cent of the overall market capitalisation of India Inc. 

 Source of the report : http://www.rediff.com/money/report/india-inc-revenue-likely-to-grow-9-11-pc-in-june-quarter-crisil/20140703.htm

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