Business Today

Economy Watch

The upswing of the IIP is a good sign for the economy. It will not only generate employment but will also increase the GDP. 

By Anand Adhikari | Print Edition: July 15, 2007

The upswing of the IIP is a good sign for the economy. 


Status: 255.90 in April 2007, a rise of 14 per cent compared to the April 2006 figure of 225.3.

Impact: Riding piggyback on the manufacturing sector, the index of industrial production (IIP) has been on an upswing. This augurs well for the economy as industrial activity not only generates employment, but also increases the country's gross domestic product.

India's oil reserves

Status: 5.8 billion barrels.

Impact: Not only are the country's oil reserves totally inadequate, they are also expected to last for only another 18-20 years. If the current rate of super growth continues, India will have to urgently look for alternative energy sources like natural gas in a big way.

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