54% growth of ITES

In Information technology (IT), India has built up valuable brand equity in the global markets. In IT-enabled services (ITES), India has emerged as the most preferred destination for business process outsourcing (BPO), a key driver of growth for the software industry and the services sector.
India’s most prized resource in today’s knowledge economy is its readily [...]

Indian economy projected to grow 8.7 per cent

India’s Economic Survey has predicted a lower growth of 8.7 per cent for the fiscal 2007-08, while warning that rupee appreciation, lower export growth, rising inflation and US recession were posing major challenges.
“There are several challenges to inclusive growth – agriculture, infrastructure, education and skill development,” Finance Minister P Chidambaram said, after tabling the survey [...]