Search Results for: product diversification

india-revises-up-2013-14-gdp-growth-to-6-9-percent

India revises up 2013/14 GDP growth to 6.9 percent

New Delhi, Jan 31 (ANI): India revised its economic growth to 6.9 percent from 4.7 percent in the fiscal year to March 2014 after the government changed the formula to measure the economy, a move that will make it easier for the government to meet fiscal deficit goals. The new measurement of Gross Domestic Product (GDP) includes under-represented and informal economic sectors as well as items such as smartphones and LED television sets. The government also revised its GDP for 2012/13 to 5.1 percent from 4.5 percent earlier. New Delhi revises the method of calculating national accounts and other macro data every five years, bringing in a newer base year and adjusting for changes in the economy. It will now use 2011/12 as the new base year, instead of 2004/05. The new methodology moves India more in line with global standards by measuring the economy at market prices, and by tracking consumer rather than wholesale inflation. Jan 31, 2015
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Mridula Jain, a successful woman entrepreneur

Ludhiana, Jan 30 (ANI): Winters bring with it many fashionable trends which the youth enjoy following and experimenting. One such experimentation of trendy shawls was done by Mrs. Mridula Jain when shawls were available in very limited designs. It was her vision of bringing up designer shawls in the market in 1986 that became very popular among people. She now heads Shingora Textiles Ltd. in Ludhiana city of Northern Punjab state. Following the new innovations and techniques available in the market, shawl industry in India today stands at around 800 crore. The industry size is increasing as the product has gained good momentum in the market. Shingora Textiles Ltd. also exports its products to many countries across the world. Jan 31, 2015
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