A look back at some bold predictions that were made
in 2005 about India that have come true!
A quick review of India by Vantage Agora.
Indian Economy – An Overview
- Economic Growth
- Sustained economic performance
- Average since 1991 6.2%
- 2004-05 6.9%
- Forecast till 2050 –Goldman Sachs 5 % p.a.
- Services account for over 50% of GDP
- Manufacturing sector grew at 9% in 2004-05
- Exports growth 24% in 2004-05 reaching US$80 billion
- Imports growth 35% reaching US$106 billion
- Investment
- Foreign Investment - US$16 billion in 2003-04
- Mature Capital Markets
- NSE third largest, BSE fifth largest in terms of number of trades
- Well developed banking system
Fiscal Reforms
- Rationalization of tax structure – both direct and indirect
- Progressive reduction in peak rates of duties;
- Direct and indirect taxes further reduced this year
- Peak Custom duty reduced to 15%
- Corporate Tax reduced to 30%....Read more
About the Author
As the founder of Vantage Agora (VA), Harsha has been instrumental in the growth of the company since its inception. Harsha has over 20+ years of experience in consulting, Enterprise Social Networking, Business Intelligence, and Process improvement. His work with companies such as Fidelity, American Airlines, I2 Technologies, etc, has made him an Expert in Business intelligence and Process improvement.
Harsha has developed a patent pending 'Enterprise Social Network – VA Club', Harsha also has 4 process improvement patents.
Harsha graduated MBA from southern Methodist University (SMU) Dallas, a masters in Computer Science from Louisiana State University (LSU) Baton Rouge, and a Bachelors in Engineering from Bangalore University (BU).
About Vantage Agora
Vantage Agora (VA) is a global provider of back-office solutions, custom IT services and consulting services for companies in the insurance, finance, and healthcare sectors. As a SSAE 16 Type II audited company, Vantage Agora utilizes advanced data processing and quality control systems on a secured network to ensure efficient, comprehensive management of back-office functions such as insurance, accounting, financial and administrative tasks. Founded in 2004, Vantage Agora has offices in Cleveland and Dallas.
Know more about Harsha and Vantage Agora.
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