Forex reserves cross $130-bn mark

Backed by strong trade inflows and portfolio investments, India's foreign exchange reserves rose by $924 million to cross the $130-billion mark during the week ended December 17, 2004.

The foreign exchange reserves during the period rose by $924 million to $1,30,621 million, according to the Reserve Bank of India's weekly statistical supplement released here on Saturday.

India's hot for its pool of entrepreneurial talent

Economists will tell you it’s the GDP. Marketmen will bet their buck on the sensex. And the geeks won’t stop harping about IT. And industry will pitch it on a manufacturing renaissance.

But, the real story behind India’s ga ga growth curve isn’t just about number crunching or marketing muscle. It’s all that and more. It’s about business pluck. It’s about thinking out of the box. It’s about entrepreneurial spark.

Yep, it’s the real opportunity gold rush, happening right here, right now. Across the length and breadth of the country, entrepreneurship is taking root at a never-heard-of pace in segment after segment.

Confident consumers transform Indian economy

Urbanisation, growth in foreign direct investment and the service sector, and government plans to develop infrastructure point to rising spending in the world's second most populous country.

"India will become the third-largest (consumer) market globally in terms of volume in the next 5-10 years," following the United States and China, said V. Chandramouli, marketing head at Mirc Electronics.

Indian economy to grow 7.5 percent annually, says PM

Prime Minister Manmohan Singh said India's economy would grow by 7.5 percent annually over the next decade and could be one of the world's biggest economies in the next generation.

The economy grew by 8.2 percent in fiscal year to March 2004, the fastest rate in over a decade.

What's India, Inc.'s outlook for '05

A permanent seat in the UN security council, a booming stock market, improved advance tax payouts by the corporate world indicating better quarterly results, companies reaching out to the world with fresh mergers and acquisitions and a very potent, skilled and globally oriented work force.

Is the Indian corporate world marching to transform themselves into the first generation of desi MNCs. The corporate outlook for the coming year will give an interesting sneak peek into how India, Inc is going to play its cards in 2005.