India Comes Knocking at the Fast, Steady Economic Growth

Indian economy is becoming more robust, with fast and steady rate of growth, new market reforms, expansion of digital footprints, rural growth and new modern infrastructure. All these have led to a marked improvement in India's Global presence in emerging markets with 90 percent of the FDI coming in through the automatic route as reported by Edelweiss Securities in a research note.

The Indian economy is also picking up as the much awaited recovery in consumption has helped decrease the slack in the economy. There has been a good upward move from cars to housing. At present the Automobile industry is standing on a good foothold. As rural economy is on the rise the sales of two wheelers and tractors have shown a promising figure. When the automobile sector does well it has a direct impact on the Oil Na Gas industry, followed by yet another bright spot that is the consumer goods which is ranked at the fourth largest in the Economy.

The Steel and cement industry have also been reaping benefits of increasing local demand and higher prices. Aviation sector has experienced continued double-digit traffic, as more and more people are taking to flying and carriers expanding their fleets to meet the increasing demand. Amidst all these surges banking sector does not look too promising. India and Italy have the worst of bad loan ratios amongst the top 10 economies of the world. Power sector is yet another industry that is a cause for concern. This industry is facing fuel shortages and companies are facing tough time securing long term supply contracts.

By: Madhuchanda Saxena

Content: https://economictimes.indiatimes.com/news/economy/indicators/the-leaders-and-laggards-behind-indias-world-beating-growth/articleshow/65347542.cms