Indian Economy

By: Indian conomy

With the recent announcement of the third fiscal stimulus package by the Finanace Minister , Mr Pranab Mukherjee, the economy has received another boost. The economic climate has changed, and with the new government policies in place with regard to investments, especially foreign direct investments, excise and service tax cuts, corporate India is upbeat. India Brand Equity Foundation, a public-private partnership between the Ministry of finance and Industry, Government of India, and the Confederation of Indian Industry, has been showcasing India as an excellent investment destination through reports - that capture sector trends, highlight industry research - and news articles on the state of the Indian economy, especially government policy.
Observing sector trends, it is clear that key sectors have bounced back after the announcement of the stimulus package, the first of which was unveiled in December 2008. Fast moving consumer goods (FMCGs), cement and steel have all shown an upward trend according to industry resources and industry research.
Hailing India as a high-growth market, Dr Joachim Schmidt, Chairman of the Board, Mercedes Benz India said the company would continue to invest into India and industry research reveals that a number of multinational companies are continuing to bring in foregin direct investment into the country.

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