The Indian Express The Financial Express Latest News Express Investment Week Market Indicators Screen Express Computers Travel & Tourism Advertisers Forum Daily Horoscope Information Technology Drumbeat: Ad Buzzaar Astrosurf Gems &Jewellery Banking Update Career India Business Forum Match Maker Express Properties

Corporate Economy Expressions Markets Leisure 29 December, 1997   Another one bites the dust Sorry folks, this will also be one of those year-end review type pieces. It is the end of the year after all, and time for all hacks (and those chased by them for quotes) to sit back and reflect over the year that was. So what has 1997 been like? Forget GDP. Write off the rupee value.   The subsidy factor The Reserve Bank of India's outlook for the current fiscal year, contained in its "Report on Currency and Finance, 1996-97," is on the whole optimistic. It says that while the performance of the industrial sector has been a cause for concern, the improvement in the performance of infrastructure industries and increases in export demand augur well for bringing about a rise in manufacturing production in the coming months. The Index 35) is used Making foreign direct investments attractive It was due to poor balance of payment situation that India liberalised its economy and opened its market for the inflow of foreign direct investments in the country in 1990. One cannot forget the ousting of Coca Cola from the Indian market, but today the brand along with Pepsi Cola is enjoying a significant market presence.   Commodity exchange The National Stock Exchange's proposal to set up a commodity exchange on the lines of the Chicago Board of Trade, is a welcome move. The present problem with commodity trading in the country is that it is not centralised. If someone based in Delhi wants to trade in pepper, he should have links with Cochin. Public Offering     Making foreign direct investments attractive   The subsidy factor   Commodity exchange   The Index   Another one bites the dust