Description

India’s economic and industrial growth experienced a sharp decline in 2012, owing to the weak global economic scenario since India exports nearly 60% of its goods and services to US, Europe and Japan. Investment demand is expected to respond to a stable monetary policy regime and spur growth and business confidence in 2014. The Twelfth Fiver Year Plan (2012–2017) aims to achieve a growth of 8.0% through a combination of policy initiatives, investment plans, and export market diversification. Automotive, healthcare, infrastructure, energy, and information and communication technologies (ICT) are expected to lead industrial and economic growth during the forecast period.