Buy custom Current State of the Indian Economy
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 728 |
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During the current year, on January 19, 2007, year-on-year growth in M3 and credit to the commercial sector were at 21.1 per cent and 26.9 per cent respectively.
In the secondary market, the uptrends continued in 2006-07 with BSE Sensex and NSE Nifty indices closing above 14,000 (14,015) and 4,000 marks (4,024) for the first time, respectively on January 3, 2007...
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The pick up in the stock indices could be attributed to impressive growth in the profitability of Indian corporates, overall higher growth in the economy, and other global factors such as continuation of relatively soft interest rates and fall in crude oil prices in international markets.
Progress in fiscal consolidation has been satisfactory in the post-Fiscal Reforms and Budget Management Act (FRBMA) period...
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