rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » India growing faster than many nations: KPMG

India growing faster than many nations: KPMG

Last updated on: September 4, 2012 19:31 IST

India growing faster than many nations: KPMG

     Next

Next

At 5.5 per cent, India's GDP growth is better than many countries in the current environment of global economic slowdown though the focus should be on how the current turbulent times are sailed through, advisory firm KPMG India's top executive has said.

Click NEXT to read more...


Image: A worker drives a road-roller during road construction near the proposed Ford car plant in Sanand.
Photographs: Amit Dave/Reuters.
Tags: KPMG India , GDP

     Next

India growing faster than many nations: KPMG

Prev     Next
Prev

Next

"Whether it (GDP growth) is 5-5.5 per cent or 7-8 per cent, the most important part is that the country is still growing. If you look at the rest of the world...India is still growing at 5 to 5.5 per cent, its a slower growth but it's a growth," KPMG India Chief Operating Officer Akhil Bansal said on the sidelines of AIMA PSU Summit.

Click NEXT to read more...



Image: Farmers transport wheat crop on camels at Pipalgaon village near Allahabad.
Photographs: Jitendra Prakash/Reuters.

Prev     Next

India growing faster than many nations: KPMG

Prev     Next
Prev

Next

India's economic growth slipped to 5.5 per cent during April-June of 2012-13, the lowest Q1 performance in a decade, because of falling activity in manufacturing, mining and quarrying.

Click NEXT to read more...



Image: A Indian national flag is pictured in a street in Dharavi, one of Asia's largest slums, in Mumbai.
Photographs: Danish Siddiqui/Reuters.
Tags: KPMG , India

Prev     Next

India growing faster than many nations: KPMG

Prev     Next
Prev

Next

The world's largest economy, the US, grew at 1.5 per cent in 2011 (versus 3.1 per cent in 2010) while, Germany's GDP grew at 3 per cent (3.7 per cent in 2010).

He said the focus should be on how this turbulent journey is sailed through.



Image: A job seeker listens to career coach Jane Cranston during a resume counselling session at a job fair in New York.
Photographs: Lucas Jackson/Reuters.
Tags: KPMG , GDP , Germany , India , US

Prev     Next

India growing faster than many nations: KPMG

Prev     Next
Prev

Next

On maintaining sustainability for the PSUs in the wake of global economic and domestic slowdown, Bansal said from the economic perspective, there is no difference for the public sector or the private sector.

Click NEXT to read more...



Image: A worker dismantles a worn-out rubber tyre for recycling at a workshop in Srinagar.
Photographs: Danish Ismail/Reuters.
Tags: KPMG , Bansal , India

Prev     Next

India growing faster than many nations: KPMG

Prev     More
Prev

More

"Public sector being large organisations, they carry little more responsibility than the private sector...its more important to maintain survival during this turbulent time for the public sector", Bansal said.

However, he said more collaboration between the PSUs and the private sector will accelerate the development process.




Tags: KPMG , Bansal , India

Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.