Getting to the magic growth, however, will require massive increase in investment in infrastructure, in labour force skills and manufacturing capacity.
Indian companies are likely to increase investment in innovation in the coming year.
Senior executives of the country's leading manufacturing companies are optimistic that the industrial sector, currently reeling under economic slowdown, could return to high growth trajectory "with a change in ecosystem and policies", according to a report.
The resurgence in confidence in Indian manufacturing was borne out by many examples of Indian companies going global.
Ministerial consultations on, with recognition of the potential, and the need to not classify it under the same rules as for pharmaceuticals.
With founder Subhash Chandra no longer in the driver's seat at Zee, the acid test for Punit Goenka would be to take the financial investors along with him even as he strives to weather the latest storm. The question, now, is how he will deal with the challenges of being a professional CEO rather than an owner-CEO in the aftermath of his family offloading most of its promoter stake to a clutch of financial investors. However, the silver lining is that Zee remains the most profitable of the top four broadcasters in India.
Tarun Das and T N Ninan offer their prognosis for US-India momentum on the economic front
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