Saturday, May 7, 2011

Indian Business

Like never before Indian business and industries are booming. From a humble beginning post independence the countries progress scale has showed a steep upward movement in recent times. The biggest growth factor is the manufacturing sector small and big. 

With recession in the developed countries greater impetus is placed upon cutting costs. Countries like India and China offer cheaper production using latest technology. Hence the cost cutting exercise has become a strategic move and must. The resistance towards outsourcing to India is irrational since ultimate beneficiaries are the parent companies situated in the Western World.      

India is destined to be an economic power horse as analyst say. The boost in growth has also arisen from the It sector and overseas job scenario since NRI contribution to the economy is substantial. Tourism is on the move but comparably the country stands nowhere in spite of having the wonders to offer. The reason is lack of infrastructure and services that cater to super luxurious tourists preferences.  

Other factors that contribute are medical tourism, performing arts, music and education....so many others. The country in spite of problems that scale to a high magnitude is nevertheless advancing in all sectors. This augurs a bright future in time to come.    

No comments:

Post a Comment