Shining India leads the way

摘要

A quick glance at the headline numbers for the fourth quarter results suggests that India Inc is back on the fast growth track with a vengeance just as the pundits and politicians had forecast. Top line growth confirms that after a two quarter hiatus, demand is back with a bang continuing a trend that began in Q3, especially when automobile companies displayed sales numbers that surprised analysts. India, Asia's third largest economy has planned to spend over 500 billion dollars to improve the creaky infrastructure and remove the obstacles for faster economic growth. With such a massive amount earmarked for infrastructure, the iron and steel segment which appears to have weathered the downturn quite creditably, is set for a roller-coaster ride as there will be unprecedented demand for steel and other metals as well.