Indian Economy will grow despite politics over policy paralysis: Lakshmi Mittal

Lakshmi Mittal 260x300 Indian Economy will grow despite politics over policy paralysis: Lakshmi MittalThe year 2012 seems to be bad for India as one by one, factor dealing with economy clean their hands for making any share in the Indian economy as modest progress scope.

Recently, Lakshmi Mittal, a successful international businessman especially known for progress of his steel company ArcelorMittal, is plan to invest its scarce capital towards other markets than his native land India, searching quicker returns.

The world’s biggest steel company’s owner disappointed from Indian paralysis policy that resulted much less scope for his planned Indian investments in steel sector where his company is the undisputed world leader, producing over 100 million tonnes a year with a staff of 2.6 lakh across 60 countries.

Continue Reading >>

Standard & Poor’s Rating slashes India’s outlook

Standard Poors Rating 300x202 Standard & Poors Rating slashes India’s outlookIn yet Indian Govt. Political climate waving in ups and downs windfalls and recent downgrading the Indian’s sovereign outlook via Standard and Poor’s (S&P) rating agency has totally blasted govt. economic system having policy paralysis.

As per S& P agency warning, unimproved fiscal system with lack of several disciplines, diminishing growth prospects and a worse political reforms climate are the prime reasons for the outlook revision to negative from stable.

Continue Reading >>


Get the Facebook Likebox Slider Pro for WordPress