Factors that can make it a good year for India Inc

[Kalyan]

Factors that can make it a good year for India Inc

Many believed that the downturn would affect India Inc badly, and it did. With industrial, agricultural, and subsequently, purchasing power affected, the industry went through a difficult phase.

But over the last couple of quarters, all sectors are improving, including the agricultural sector. The third and the fourth quarters have seen the technology sector doing much better than in the first two quarters and the previous year.


source : economic times

[Kalyan]

Growth good in semi-conductor industry

The Indian Semiconductor Association (ISA) came out with a report along with Frost & Sullivan - The ISA-Frost & Sullivan report update 2008-10 - which indicated a two-digit growth for the semiconductor industry in India. The report announced that the computed annual growth rate (CAGR) for the semiconductor industry for the period 2008-10 will be 13.1 per cent. This is a good augury for the new year. The growth in the Indian electronics industry will also lead to growth in the semi-conductor industry. Among the major sectors of the electronics industry, four sectors - industrial, medical, energy, and automotive sectors are growing well.

So, growth in each of these sectors will ultimately lead to the growth of the semi-conductor industry.

[Kalyan]

Recruitment on the rise

Many large companies have started recruiting again. Software development companies have begun hiring people since the last quarter. There is a slow upward growth with 2010 looking better than 2009.

[Kalyan]

Local market strong

The US economy is also improving with more reforms being introduced. Although the Indian market was affected by the downturn, our recovery has been easier since we have a huge domestic market. A large portion of our products and services are consumed locally as we have a large domestic market. This is unlike in China where the economy took a bad hit as it is mainly export-driven.