The global slowdown that began last year affected exports from India for a while but the overall mood in the country continued to be upbeat. Quarterly growth also continued so facts and emotions were lined up. In Q3 2009, facts seem to have gotten ahead of emotions as India reported 7.9 % growth, ahead of most expectations. Those who know Indian stats are aware that the numbers are not burnished by govt statisticians (unlike another large country in the area). This is good news for anyone wanting to export to India. See the Financial Times report for more specifics or another report here from the venerable US taxpayer funded Voice of America.
Posted on December 3rd, 2009 by Gunjan
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. He is author of Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market (Hachette Book Group, July 2008).
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