never, so good before!!

When I had been to India last year, I was able to see a huge difference on the spending capacity of the people. With all the star hotels, restaurants, coffee shops, Cinama halls filled with people who did not care about how much they are paying. This really is good sign of the economy. With lot of IT companies and BPO coming up in the past 2 years, the pay scale of the whit collar guys have sky rocketed to never before numbers. For quite some time this sound economy has been hogging the news headlines about india, in the press all over the world. Here are some snippets from an article in India Today which will tell you how good the economy is.

1. Job seekers have never had it so good. The number of jobs on offer is likely to surge by almost 22 per cent this year as against 18 per cent in 2004.

2. According to the latest survey of salaries by Hewitt Associates, 2005 will see the best hikes in the past five years

3. India Inc is on a hiring spree. The IT and BPO sectors alone are estimated to hire 2,75,000 people in 2005, 30-35 per cent more than it did in 2004. Textile, the biggest turnaround story in Indian industry, will hire more than 2,00,000 workers this year.

4. BSE's Sensex crosses 6700 mark-its highest ever

5. consumption by Indians rises at the highest rate in 23 years

6. India's gross domestic product (value of all goods and services produced in the country in a year) grew by 7 per cent in the first half of 2004-5, on the back of a record 8.5 per cent growth in 2003-4

7. foreign investment in India in the year 2004 was highest in any single year

to read more goto India Today

The tidings continues, Good to hear all this.