Economic Prospects for 2010
The global economy seems to be recovering after the recent
economic
shock. The Indian economy, however, was hit in the latter part of the
global recession and the real economic growth witnessed a sharp fall,
followed by lower exports, lower capital outflow and corporate
restructuring. It is expected that the
global economies
will continue to sustain in the short-term, as the effect of stimulus
programs is yet to bear fruit and tax cuts are working their way through
the system in 2010. Due to the strong position of liquidity in the
market, large corporations now have access to capital in the
corporate credit markets.
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India’s Economic Outlook Projection
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2007
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2008
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2009
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2010
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GDP Growth
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9.40%
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7.30%
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5.40%
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7.20%
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CPI
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6.40%
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9.30%
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5.50%
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4.90% |
