With a growth rate of 10.4% in the third quarter, it is expected that Indian economy will beat the government’s forecast of 8.1% for the fiscal year 2003/04. Jivha and Rajesh provide their take. There was strong growth in agriculture, which accompanied healthy growth in manufacturing and services.
By the way, this came even before Vajpayee’s visit to Islamabad SAARC summit and the beginning of the bonhomie. Evidence surely that India’s economic growth is not hostage to its relations with Pakistan.
More good news came from yet another index
The AT Kearney Offshore Location Attractiveness Index 2004 has analysed the top 25 offshoring destinations against 39 measurements in three major categories: cost, people skills and availability, and business environment.
“India’s pre-eminence as an offshore location is remarkable. While the mix of cost and quality criteria used in the index results in most countries clustered in a narrow band, India outperforms its nearest competitor by a very wide margin,” says the report. [Financial Express]