How Other Sectors are Changing

Indian government and the RBI are more cautious now regarding their policies so that some reforms can be made in the right direction. Private banks have taken the initiative and started concentrating on improving upon asset quality and growth rates. ICICI and HDFC are most notable among such private banks. ING Vysya is also following in these footsteps and delivering 30 percent and more growth rates in earnings. Airlines are reducing their fee structure and streamlining the processes in order to make gains. FMCG giants – HUL and ITC are finally reaping the reward of their competitiveness and have exhibited earnings growth of more than 20 percent in the past year.