SUMMARY
The performance of India Inc for the quarter ended June is not too encouraging, but for certain sectors such as FMCG. Issues such as lack of clarity in government policies & poor monsoon, together with global conditions & cyclical factors, have weakened the outlook for the corporate sector.While there is a need for big ticket reforms the industry clamors for resolution of issues at the consumer side ( such as interest rates) urgently. However, a major section of the economists feel that the fall in inflation is a mirage. RBI also is not likely to take much comfort from the transient fall in WPI inflation & cause any cut in rates.
The slow growth in manufacturing base cause concern about the much needed job creation for the young population of the country
While there is a need for big ticket reforms ,issues at the consumer side ( such as interest rates) are to be urgently resolved.
India has done well in the London Olympic Games with six medals & some heartening performances. The wish is now for 25 medals ,if not more, in 2020. This may not be a distant dream considering the level of participation of Indian athletes meeting world standards in many disciplines; the achievements at the London Games can certainly give fillip for working harder & aiming higher. However, the achievements of the Indian sportsmen in the Olympics in track & field events as well as team games are rather dismal. The systemic deficiencies are to be addressed when the country looks forward to Rio for a still better performance.
The latest report from CAG showing undue gains of Rs 3 lac cr. to private players will be another set-back for the scam-battered UPA government
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