Large domestic market will keep fuelling growth of the Indian economy, though at a

lower pace, despite financial crisis leaving the US and Europe reeling under recession, experts have said.

While the Reserve Bank and stock regulator SEBI have announced measures to improve liquidity in the system, the equity market has suffered painful bruises in India in sync with the global bourses.

But economists feel, the domestic market, which is much bigger than the exports, would save the day for the economy.
“The Indian domestic market is so big that if there is some pause in the global market, it will not affect the Indian corporates,” Secretary General of the FICCI Amit Mitra said.

He said, unlike other countries, India has a vast market and “a significant proportion of their (Indian industry) output is targeted for the domestic market,” he said. Though some industry surveys have shown erosion in the business confidence, over 35 per cent increase in the corporate tax during the April-September period of FY’09 shows a different picture.

Even the exports have shown an impressive performance in the April-August period rising by 35.1 per cent. An import appetite remains strong for a growing economy. Imports went up by 37.7 per cent in this period.

Principal Economist CRISIL D K Joshi said: “The domestic market is wide enough to sustain the US financial crisis.” However, he added, “We are buffered but not fully protected”.

The global turmoil would impact the Indian financial sector. ICRIER Director Rajeev Kumar said problems in the US and Europe would hurt the Indian economy but the impact has not been direct. He agreed that a ” wide Indian market will help sustain the growth to some extent”.

India’s economic growth rate may slip further and decline to 6.9 per cent in 2009, as countries in emerging Asia are not totally immune to the financial crisis in the US and its subsequent fallout, the International Monetary Fund (IMF) said today.

India’s Gross Domestic Product (GDP) is likely to slowdown to 7.9 per cent in 2008 and slide further to 6.9 per cent in the next year, said the IMF’s World Economic Outlook (WEO) released here ahead of the annual meetings of the IMF and the World Bank. According to the IMF data, India recorded a GDP growth of 9.8 per cent in 2006 and 9.3 per cent in 2007.

“In India, growth in the second quarter came down to about 8 per cent, on the back of weakening investment”, the report said, adding private consumption and export, however, continued to do well.

For Asia as a whole, the report said, economic growth rate was likely to slip to 7.7 per cent in 2008 and 7.1 per cent the next year in 2009.

The report further said that financial markets have weakened in recent months, driven by increasing concerns about the global outlook and declining investor risk appetite, particularly in the context of the September market turbulence.

Having experienced the largest run-up in prices in recent years during 2005/07, the report said, the stock markets including in India, have declined. In some countries, it added, borrowing spreads have risen markedly hurting those banks which rely heavily on funds from wholesale markets.

Article Author:
sukhpreet kaur

Abad Builders, a south India-based real estate company, they offer you a wide variety of homes that match your needs. Their projects are tastefully designed to suit requirements of buyers. Unlike other real estate developers who create hype, Abad Builders is quietly building a reputation for itself for creating quality residential landmarks. The projects are coming at places that are conveniently located and with the best prices.

About the Group:

Abad Group is one of the leading business concerns, which has established a strong presence in the business and industrial landscape of Kerala. The group has seven decades of experience decades of experience and is engaged in a diversified range of business activities that encompasses, construction activities (ABAD builders), seafood processing (ABAD seafood division) and hospitality services (ABAD group of hotels).

ABAD Seafood Division

The company a leading exporter of seafood’s from India and has won several national awards for stupendous export performance. It presently has eight factories that are EU approved & HACCP compliant with a combined freezing capacity of 250 MT per day & cold storage capacity of 8000 MT.

ABAD Group of hotels

The group also owns a chain of 8 Resorts and Hotels in Kerala asserting its colossal presence in the state’s Tourism and Hospitality Scenario.

Abad Builders’ Ebony Estate – Kochi

About the Project: The project is being built in the lap of greenery and is in harmony with the nature. It is conveniently located just about 900 meters away from Kizhakkambalam junction and is well connected to Ernakulam, Alwaye, Perumbavoor and Muvattupuzha. Ebony Estate will have two and three bedroom apartments. To make your living hassle-free and comfortable, the project will have a two level parking. Besides the basic amenities, the project will offer all deluxe and premium amenities.

Abad Builders’ Bluechip – Kochi

About the Project : Comprising of two elegant skyscrapers, Blue Chip apartments, offers 1, 2, and 3 bedroom premium apartments of areas 710/707sq.ft, 1118/1146 sq.ft and 1525 sq.ft respectively coming up in 17 floors. It is strategically located near to Info Park, Kakkanad, Kochi. The project promises to be a majestic land mark that will surely win admiration of all. The project is an amazing opportunity for housing as well as investment.

Abad Builders’ Chancellor – Kochi

About the Project : These premium apartments, comprising of two and three bedroom range from 1070 sq ft to 1620 sq ft. The project is coming up very near to Kakkanad, Kochi.

Abad Builders’ Green Terrace – Kakkand

About the Project: The fastest growing suburb of Kochi, Kakkand, is one of the most promising residential areas in the city. The area offers easy access to schools, hospitals and other commercial establishments; on the whole, the project offers the best of everything. The project is going to come up near the airport-seaport road and will offer a range of two and three bedroom apartments. The most attractive feature of the project is a fabulous terrace that offers a host of recreational facilities. With Green Terrace, smart living is turning a shade greener. It’s time for you to get draped in green.

Abad Builders’ Daffodil Gardens – Tripunithura, Cochin

About the Project: Tripunithura is the proud owner of an inherited royal legacy. Abad Builders, the first CRISIL rated builder from Kerala, is now crowning this palace town with Daffodil Gardens, the 21st project of the builder. The exclusive project offers just 39 premium apartments. Soon to come up in a very convenient location in Tripunithura with proximity all civic, educational and health support systems, Daffodil Gardens is slated to be one of the looked out residential projects in Tripunithura. Like all the common characteristics of Abad projects, Daffodil Gardens will also have a range of premium facilities and amenities. It’s time to take advantage of this special opportunity.

Abad Builders’ Aquarius – Aluva, Emakulam

About the Project: Abad Builders’ Aquarius Apartments is set on the banks of Periyar that promises a refreshingly splendid life. Aquarius offers two and three bedroom apartments with a charming view of the river. Though Aquarius is being developed under lush greenery, it is surprisingly close to the city and its comforts with direct access to the Main Road.

Abad Builders’ Nucleus – Maradu Kochi

About the Project: Abad Builders presents Nucleus, a grand mall located at Maradu in Kochi, just 1.5 km from the Kundannoor, N.H by-pass junction. The mall offers all that you want in shopping, business or any other need. The project is being designed to accommodate your diverse business needs. It offers a huge choice of shopping and office units with all modern amenities. Undoubtedly, the project will be the finest commercial centre in south with a total area of 1, 25,000 square feet of shopping mall and 45,000 square feet of office space. It will be a place to look out for as it will enable sells to successfully market products and services to a sizeable population of up-market customers.

Author
Sukhpreet Kaur Sawhney writes on behalf of Allcheckdeals.com , which is India′s first online brokerage for Abad Builders Developers. It provide services to customers starting from property selection by all real estate developers, site visit, booking, documentation, home-loan and after-sales service.

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India, one of the world’s fastest growing economies will continue to witness growth in its real estate sector according to a report by Deutsche Bank. The findings said that the long-term growth prospects remain very good.

The report titled “Real Estate Investments In China and In: Big Returns In Big Countries?” remarked growth in the cities and urban areas will show significant increases and is forecasting the situation to remain that way for number of years to come.

An important contributor to this real estate boom is the increasing growth of the urban population. India is projected to increase its population by 55 per cent by 2050. Another driving factor is the anticipated rising population of ‘working age.’ The working age population in India is predicted to reach over 65 per cent by 2050.

Presently supply is not keeping up with demand for affordable housing, despite the real estate sector attracting foreign investors and investment.

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For more Indian Real Estate news visit www.india.myfirsthomeblog.com

The Indian real estate sector has witnessed a revolution, driven by the booming economy. Growing at a scorching 35 per cent the realty sector is estimated to be worth US $15billion and anticipated to grow at the rate of 30 per cent annually over the next decade, attracting foreign investment worth US $30billion, with a number of information Technology parks and residential townships being constructed across India.

A robust GDP growth and strong macro-economic fundamentals are driving today’s Indian economy towards externalisation, creating new business opportunities with manufacturing and service sector leading the way.

India is the 4^th largest economy in terms of GDP which is currently US $3787.3billion. Huge potential business opportunities lie in the sectors such as infrastructure, manufacturing, services, technology, agri-products and education.

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