Results were a hit, but what is the future looking like? 4Ps B&M analyses...
It takes two and half to tango! To be precis
e, two and half years. An empirical research carried out by ICRA of rate hikes and its effects reveals that (ill)effects of hikes percolate after two and a half years of its implementation in the Indian economy. Just a quick recapitulation – the Reserve Bank of India (RBI) has raised borrowing costs nine times since October 2004! So you now know how to interpret these rate hikes, which has found few supporters and the rationale behind the hikes is still boomeranging all around. The fate of India Inc., which managed to capitalise well on the crest of India’s economic cycle, now hangs in balance, as fears of a possible trough in the economic cycle becomes eminently imminent. A survey conducted by Federation of Indian Chambers of Commerce and Industry on 418 companies showed business confidence index sliding to 69 points during the fourth quarter of 2006-07 from 75 points, as compared to the figure of 75.5 points during the same period of the last year. The business confidence of India Inc. fell on fears of falling demand for housing, construction and automobiles.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read More:-The Sunday Indian - Greatest News weekly
http://iipm-news.spaces.live.com/
http://pankajnegiz.spaces.live.com/
http://iipminternational.spaces.live.com/
http://iipm-iipmschool.spaces.live.com/
It takes two and half to tango! To be precis
e, two and half years. An empirical research carried out by ICRA of rate hikes and its effects reveals that (ill)effects of hikes percolate after two and a half years of its implementation in the Indian economy. Just a quick recapitulation – the Reserve Bank of India (RBI) has raised borrowing costs nine times since October 2004! So you now know how to interpret these rate hikes, which has found few supporters and the rationale behind the hikes is still boomeranging all around. The fate of India Inc., which managed to capitalise well on the crest of India’s economic cycle, now hangs in balance, as fears of a possible trough in the economic cycle becomes eminently imminent. A survey conducted by Federation of Indian Chambers of Commerce and Industry on 418 companies showed business confidence index sliding to 69 points during the fourth quarter of 2006-07 from 75 points, as compared to the figure of 75.5 points during the same period of the last year. The business confidence of India Inc. fell on fears of falling demand for housing, construction and automobiles.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read More:-The Sunday Indian - Greatest News weekly
http://iipm-news.spaces.live.com/
http://pankajnegiz.spaces.live.com/
http://iipminternational.spaces.live.com/
http://iipm-iipmschool.spaces.live.com/
No comments:
Post a Comment