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2012: A tough year ahead, but we will make it
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Bikky Khosla | 27 Dec, 2011
We started 2011 on a cautious note when a number of our economic indicators were showing promise, sidestepping the negative effects of what the IMF termed as the Great Recession the impact of which was far less in India than in other parts of the world. While ending the year, the world economy is again under a cloud of uncertainty but I think we will again be able to weather any possible storm.
These days, economic pundits across the world are predicting possibility of a double dip recession with Europe already in the grip of an economic crisis, the US economy witnessing anemic growth, and China spelling uncertainties. But despite these challenges, I believe that there are still some bargains to be found. The Latin American, Caribbean and African markets, for example, still offer huge opportunities for India.
The outlook of Indian economy for 2012 isn't pretty but not as bad as it was during the years of the the late-2000s recession. However, we cannot deny the fact that at this moment we are challenged with a number of economic issues, most notably high inflation, low industrial output and GDP growth, shrinking exports and foreign investment, and a falling rupee. In this scenario, the government needs to take appropriate steps to help the industry sail through the economic challenges and prevent further worsening of the situation.
For quite a long time, our industry, including the SME sector, has been reeling under the pressure of rising costs of raw materials and credit, weak international demand, and a highly competitive business environment. These issues require immediate attention from the government. As far as export is concerned, there is already a declining trend, which must be taken care of by the government supporting the sector with incentives and low cost export credit to enhance the sector's competitiveness at the global level.
There is no doubt that the coming year is going to be tough. But I always believe that when the going gets tough, the tough gets going. I hope that the Indian economy and industry, which showed great resilience in weathering a worse global economy a few years ago, will come out as winner-- again in 2012.
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guidline to small enter
tejas | Fri Dec 30 18:03:08 2011
at this stage how small enter shall act to be sustain ?
Besides that...
Alfonso Mancero | Fri Dec 30 14:16:36 2011
... you people are not prepared to jump into competitive markets. Whereas Chinese are eager to deal with whoever possible, your CEO's and managers seem to be more interested in keeping the tradition and your complicated "good manners" intact. To make business with your companies is not easy and certainly not a pleasure...
To rely on export is risky
Paolo Castelli | Wed Dec 28 08:58:17 2011
India should take measure to develop the internal market. To rely on export is risky, in a moment when the traditional consumer of western countries are loosing the buying power. It is really time India, as maybe China is start to do, understand to be the market of the future: for its safe and the world all.
This means: elevate the standard of life of Indian population, increase the weight of rupee, invest in internal infrastructure, decrease the import duty, open the market.
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Re: To rely on export is risky
Ballys | Wed Jan 4 02:46:10 2012
Totally agree with u.
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Collapse for the fourth time is inevitable
Peter Palms | Wed Dec 28 04:26:10 2011
If, by “we” is meant the Nation of India, then that is a reasonable forecast with respect to India. It probably will take longer then that to implement the New World Order.
If , by “make it” is meant survival of the population, then, as in the U.S. , that will not happen. India’s wealth has already been transferred by the Central bank and fractional banking, and the inflation caused by printing fiat money and imposing interest charges on money the banks do not own.
High inflation, low industrial output and GDP growth, shrinking exports and foreign investment, and a falling rupee are cause by the Central bank and fractional banking system which in the U.S. has already collapsed three times.
These issues do require immediate attention from the government but they will not receive attention in the U.S. or in India. That is why collapse for the fourth time is inevitable in the U.S. and in India. That is why Investors are absent from the scene. Lowering the interest rates on export loans of more fiat isn’t going to solve anything, interest free would.
India is a seller. Bargains are for buyers.
As for “when the going gets tough, the tough gets going” tell that to a gambler playing in a fixed casino.
Tough year ahead....
Jim Axtell | Wed Dec 28 03:17:53 2011
The tough year we just passed through was bad enough. Hopefully, 2012 won't be as bad. However, here in the u.s. we small businesses held up very well, I believe, as we have less dollars to squander, so therefore, we make better, smaller purchases. We (small businesses) are the backbone of the u.s. economy, so we need cooperation of our foreign suppliers to give us the option of buying smaller quantities at good prices, to keep all of us in business. We should never again be forced to buy $5,000.00 minimums when most small businesses here don't have $5,000.00. We are barely hanging on. Get rid of the greed and politics and at least try to help each other world-wide.
Art from God. U.S.A.
Real estate
Rajesh Donde | Wed Dec 28 03:09:27 2011
I would like to know more on Real Estate, Hotel & Hospitality sector. How they will be doing in 2012
2012-A Tough Year Ahead
Bruce Rubin | Tue Dec 27 16:13:33 2011
I must argue with the point that the government MUST step in and help solve the issues that are being discussed. Yes they can help with credit easing BUT entrepreneurs and business people must solve the problems themselves and be creative in their outlook toward new business and growing their export and internal sales.
Government is not the solution, they are in most cases part of the problem.
The world economy is interwoven and everyone must learn how to navigate within this environment.
Indian companies and business leader must learn that it takes investments to grow their businesses and they need to spend and spend wisely to find the right partners and expertise that will help them grow.
They need to understand that the world will pay for quality products at a fair price.
If India is to grow on the world stage then the country must actually build the infrastructure it keeps talking about and this is where government must take the lead.
If the roads, railroads, port, and airports are not built then goods and people cannot be transported economically and efficiently and therefore India will be left behind in the world economy.
The government must also clean up the corruption within.
India has the potential to be a great world power BUT it must first get into the 21st century with its infrastructure, ideas on how to do business, and execution of plans and ideas.
Right now the tail is wagging the dog as it applies to business and growth.
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2011 was a mixture of toughness and smoothness
XAVIER KAREDAN | Wed Dec 28 06:50:16 2011
Yes, really the outgoing year 2011 was a mixture of toughness and smoothness, but, overwhelmingly felt of toughness being the world economy was so stringent because of the course of recession. Though hardly the overcoming steps to solutions, a unified forecasting decisions and determinations of businessmen across the globe has put in a sign of relief for the end of the course of recession. Be, optimistic with correct and just actions. Sure,2012 will be a robust economical year for everybody......
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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