2013 Overview: Business Sectors in India

By SiliconIndia   |   Monday, 31 December 2012, 03:27 Hrs
19
cmt right
24
Comment Right
27
cmt right
8
cmt right
Printer Print Email Email


Bangalore: India's voyage on the trail of economic improvement has renovated it to one of the world's fastest growing economies. With opportunities comes challenges and India has come through a long way overcoming these challenges. As we approach the New Year and look forward to novel opportunities, let us take a quick review of the developments Indian economy progressed in the year 2012.



More: Biggest Business battles of 2012



1. Retail



The retail sector in India is mounting at an exceptional velocity. According to the Global Retail Development Index 2012, India lines fifth amid the top 30 promising markets for retail, few among them are UAE, Russia, Indonesia and Saudi Arabia. The leverage by the Indian government with Foreign Direct Investment (FDI) in retail, particularly allowing 100 per cent FDI in single brands and multi-brand FDI has shaped optimistic attitude in the retail sector. From April 2000 till September 2012 the FDI inflows stood at U.S. $ 42.70 million according to Department of Industrial Policy and Promotion (DIPP).



Also Read: Business Events Which Made Headlines In 2012



next new
SPOTLIGHT
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..