Presentation by Laveesh Bhandari of Indicus Analytics at The SIAM Conclave, New Delhi, 3rd February, 2009

Highlights:

Good News - Agriculture growth up, Two years of good monsoons, Rural growth picking up, Government wages and salaries increase, Demographic dividend continues, Basics unaffected, Food, FMCG, Education, Health
Prices under control !

Growth Expectations - 6-7%

Sectoral Impact
What has affected the most Sectors (Private Sector Companies only)
Overall Pessimism BFSI, E&I, IT, Manufacturing
Stock market fall BFSI
Inflation Manufacturing, Pharma
Falling Rupee Manufacturing, BFSI, ICT
High interest rates Manufacturing
Credit Crunch BFSI

Public sector and large firm dominance, net employment growth not high because of public sector natural rationalization
Growth affected esp. in consultancy, surging demand to continue in education
Infrastructure growth continues
Slowdown has not hit yet, demand continues to grow, may be affected next year
Severely impacted - international and domestic tourism as well as biz. Travel affected
International slowdown
Domestic demand growing though large fall in international contracts
Small scale sector taking a big hit, ongoing industry rationalization
Slowdown had commenced last year
Limited growth expected; growth in pharma but reduction in chemicals