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This is about the best news the country has received in recent weeks: the estimate of foodgrain production for 2007-08 crop year at a record 227.32 million tonnes, a more than 5 per cent increase over production estimated at 216 million tonnes for 2006-07...
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| Macro Economics |
The latest upsurge in inflation has highlighted one of the key systemic, macro economic problems in emerging market economies such as India: it is that these countries either do not allow the forces of demand and supply to operate and generate market-clearing prices of goods and services on a continual basis or are arbitrary in deciding when and where they will allow those forces to operate. What this leads to ultimately is relative price increases spiraling into general price pressures...
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| Cover story |
As one covering the performance of BHEL-T every year since 1968, I could well understand the euphoria arising out of a spectacular performance: Turnover – Rs.5606 crore (Rs.4606 crore for 2006-07). Gross profit - Rs.1496 crore (Rs.872 crore), value added per employee – Rs.27.6 lakh (Rs.19.7 lakh). Orders received during the year Rs.10,200 crore and orders on hand at the end of March, 2008 – Rs.17,400 crore...
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| Analysis |
The Turmoils in financial markets had quickly spread to Europe where some banks had to write- off losses in leveraged products though the damage is not as widespread as in USA. Real economy is not insulated from the ongoing turbulence but growth in European Union and Japan might not get affected as much as in USA. Currently, there is considerable uncertainty about the depth of the worst crisis or how long or protracted it would turn out to be. International financial institutions had not anticipated market turbulence of this magnitude...
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| Budget |
A welcome feature of the budgets of the four southern states for 2008-09, is that despite mounting welfare expenditure, fiscal deficit has been contained to below 3 per cent of GSDP, falling in line with the Fiscal Responsibility and Budget Management (FRBM) Act. Andhra Pradesh and Karnataka continue to show revenue surplus for the third year in succession. For the first time Tamil Nadu budget also reveals a revenue surplus, but Kerala continues to have revenue deficits...
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| Economic Outlook |
UN ESCAP based its optimism on the fact that the Indian economy is buoyed by investment and savings amid increasing productive capacitity. The sustained expansion of the Indian economy would see growth at between 8.5 and 9 per cent over the medium term following growth of 8.7 per cent in 2007. The main drivers of the growth lay in the industrial and services...
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About us |
Covering the Coveted South |
The south is now surging in terms of investment, infrastructure development and political activity. Andhra Pradesh, Karnataka and Tamil Nadu are now offering lucrative opportunities for investors, companies, educational institutions and research organisations. And Industrial Economist (IE)) covers all.
IE is the business and economic magazine published from Chennai since 1968. Over these years, we have covered south India's economic and corporate scene in great detail. With reports on corporate groups in the south. Interviews and personality reports on southern corporate moghuls. Focus on southern politics, state budgets, policy decisions and infrastructure. Detailed economic and sector-wise analyses. Special state supplements. Views and opinions of decision-makers.
With net paid circulation exceeding 10,000 copies, IE is among the largest business publications in the south. It reaches high-end corporate leaders, executives, policy makers and investors, concentrated predominantly in this region.
Economist Communications Ltd – The Publisher
About S Viswanathan, Editor & Publisher
About Agriculture Consultancy Management Foundation, an IE initiative |
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