Indian growth story is intact and we are in a long term bull up move. The Indian economy is the fourth largest economy of the world on the basis of Purchasing Power Parity (PPP). The below pictures will speak for the Indian growth story as they say a picture speaks louder than 1000 words. In the industrial sector, the Index of Industrial Production (IIP) is a single representative figure to measure the general level of industrial activity in the economy. It measures the absolute level and percentage growth of industrial production.
All such economic indicators not only measure/analyse the present performance of an economy but also help in predicting and forecasting its future growth prospects. Thus it makes sense to keep track of these indicators as one gets the correct perspective and health of the Indian economy. Let us all hope that budget 2011 brings a ray of hope for all by removing the income tax filing for the salaried class and some rational steps are taken which will help take India to next level of growth. Above all pictures are representative of the state of health of Indian economy as in Feb 2011. Do not forget to keep tab with the Indian Economy blog which will definitely help you to achieve your financial dreams.
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