CIA56Mate
} write shart Notes on
I Automobile Industry also
sector in India.
called
as
Sunrise
Answers
Answer:
Explanation:
In 2014-15, the Indian economy is poised to overcome the 5 percent growth of Gross
Domestic Product (GDP) witnessed over the last two years. The growth slowdown
in the last two years was broad based, affecting in particular the industry sector.
Inflation too declined during this period, but continued to be above the comfort
zone, owing primarily to the elevated level of food inflation. Yet, the developments
on the macro stabilization front, particularly the dramatic improvement in the
external economic situation with the Current Account Deficit (CAD) declining to
manageable levels after two years of worryingly high levels was the redeeming
feature of 2013-14. The fiscal deficit of the Centre as a proportion of GDP also
declined for the second year in a row as per the announced medium term policy
stance. Reflecting the above and the expectations of a change for the better, financial
markets have surged. Moderation in inflation would help ease the monetary policy
stance and revive the confidence of investors, and with the global economy expected
to recover moderately, particularly on account of performance in some advanced
economies, the economy can look forward to better growth prospects in 2014-15 and
beyond.
this is a note you take points you want
Information Technology or simply IT industry is known as the "Sunrise sector of India." Sunrise sector simply means a very fast growing industry and chances of its rapid boom in future.