www.businessreviewindia.in | Feb 2011

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www.businessreviewindia.in | Feb 2011

the top five innovators of the past decade

SPecIAlrePorT

IndIa’s Economic hotspots

INdIA’S uNuSuAl

celebrity business leaders

ToP TeN telecom

companies IN INdIA

NAvIgATINg THe fascinating

maze of seo

AcceSSorIeS For STylISH BuSINeeS TrAvellerS

SocIAl medIAPredIcTIoNSFor 2011

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INdIA’S ecoNomIc HoTSPoTS:IndIa’s Real GRowTh sToRyIndIa’S EmErGEnCE aS an ECOnOmIC POwErhOUSE IS baSEd On ThE SOCIO-ECOnOmIC rEFOrmS ChannElIzEd by IndIa’S EmErGInG hOTSPOTS.

By PrAjAkTA AmBre

February 2011

money matters

mumbai

money matters India’s Real Growth story

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INdIA HAS come A loNg way since 1999, the year of major socio-economic reforms. Besides being branded as the most culturally diverse country on the global front, india is also known

as the next powerful economy after the usa. the economic developments of 1999 that helped reforming the core socio-economic structure of india have contributed significantly to the financial makeover of the county.

India’s Real Growth story page 65

February 2011

india embodies an interesting mix of various metropolitan cities, which are emerging as new economic hotspots of india and will change the face of india’s progress card very soon. not to forget that these economic hotspots are also the potential real estate markets and they will mark robust growth with the advent of the infrastructural improvements that have started picking up.

along with hot tier i real estate destinations like

Mumbai, delhi, Bengaluru, pune and hyderabad, tier ii and tier iii cities in the north, south, West and

east regions of the country, which are located at Madhya pradesh, punjab, rajasthan, uttar

pradesh and haryana will play a crucial role in india’s augmentation.

A quIck glANce AT THe reAl

eSTATe Boom IN INdIA

real estate is one of the booming sectors in

india. We have seen many ambitious,

infrastructure-oriented projects

coming up

money matters India’s Real Growth story

real estate is a booming sector in India

visit us online at www.businessreviewindia.in

India’s Real Growth story

real estate is a booming sector in India

in india, which are directly associated with india’s expansion plans. residential and commercial projects taking shape in india’s tier ii and tier iii cities signify nothing than colligated growth. upcoming seZs and infrastructure development plants put up by the overseas companies will not only attract foreign direct investment but also more jobs.

When we spoke to gaurav sharma, advisor from one of the rapidly growing broking firms in india about the future of india’ real estate market, he said, “it is true that the property prices are skyrocketing in major cities of india. however, in order to be

FOr InvESTmEnT OPPOrTUnITIES InThE wOrld, IndIa STandS Tall amId

OThEr POTEnTIal COUnTrIESPrajakta aMbre, assoCiate editor

page 67

February 2011

The Green revolution effect has introduced prosperity to India

money matters India’s Real Growth story

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India’s Real Growth story page 69

February 2011

on the path of progress, we need to understand the hidden benefits attached to the continuous development of real estate properties.”

gdP groWTH: INdIA’S moST dePeNdABle TrumP

cArd

rate of india’s gdp growth (gross domestic product) has been phenomenal. according to a survey conducted in 2009, the gdp growth rate for 2009-10 was 6.5% and the latest forecast mentions that india would be growing at the rate of 8.7% in 2011.

hence, the optimism in the domestic financial circuit of india is for the reason that india’s gdp growth is likely to aggregate.

nsew GRowTh avenuesNorTH INdIA

the northern part of india has seen rapid growth, which has ranged above 8% per annum. the green revolution effect (harit pradesh Movement) has

induced prosperity to states like uttarakhand, himachal pradesh, punjab, uttar pradesh (western zone), haryana and union territories of delhi and chandigarh, except Bihar, however.

gurgaon and noida have registered maximum growth (137%) in 2009-10, while regions like ghaziabad, faridabad and Kundli have been favorable, especially for the growth pertaining to the real estate business.

eAST INdIA

growth patterns in east india revolve around the output generated in semi-rural areas like Kharagpur of West Bengal, orissa, Jharkhand, assam and north-eastern states like sikkim, darjeeling, Manipur, etc. a paradigm shift in the growth models of these states was seen in after

money matters India’s Real Growth story

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2005 when peculiar efforts from the administration were made to channelize growth.

SouTH INdIA

the geographical spread in south india is huge and

India’s Real Growth story page 71

February 2011

since the economy is largely agrarian, south indian states are considered as promising lands where

cultivation of spices and key crops like rice, ragi and sorghum fetch

tremendous profits.

WeST INdIA

West indian states like Maharashtra, gujarat,

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India’s Real Growth story

goa, etc create 20.34% of the national gdp of the country with an annual growth rate of 14.5%. these states have the strongest economical prospects that drive the growth of the national economy.

THe roAd AHeAd

When it comes to looking for investment opportunities in the world, india stands tall amid other potential countries simply because it offers excellent resources required to achieve intensified

growth. it is said that the frontier markets of today become the blooming powerhouses

of tomorrow, which clearly means that india is definitely on the

right track. brin

page 73

February 2011