Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-08-12

Domestic demand may tackle US crisis

India resorting to domestic demand to tide over US crisis

India will be able to tide over the financial crisis emerging from a likely US double dip recession and downgrade of its sovereign debt rating as the Indian economy's growth was driven by domestic demand, Finance Minister Pranab Mukherjee said on Thursday.

"It is too premature to say what will be the final shape of the US downgrade. But there is no doubt that our IT industry may be affected," Mukherjee said during a discussion in the Rajya Sabha.

"We generated domestic demand which other economies do not have," Mukherjee said referring to the 6.8 percent growth India logged during the financial crisis year of 2008-09.

The finance minister, however, said exports could get hit this time around as well, if demand slowed down in the US and Europe further. Japan, US and Europe constitute a majority of the export destinations of India.

"Some export diversification has taken place. But I don't know to what extent."

Related opportunities
  • Quick Service Restaurants
    About Us: Cafe social is focused on providing a safe and..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Multi Cuisine Restaurant
    About Us: Multi cuisine restaurant which serves Italian , Mexian ,..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us: Ranging from Super Tasted Bubble Tea’s to Shakes, Sandwiches,..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Tea and Coffee Chain
    About Us: A Nibs is the centre of the Cocoa bean..
    Locations looking for expansion Rajasthan
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts