Oh to be an emerging market!

Oh to be an emerging market!

ACCORDING TO to the Hindu Times, India’s GDP growth will be around 8% this year. Why, you may ask, am I hitting you with this fact?

Well, since my last blog, I have been exploring the delights of India’s Coromandel coastline south of Chennai. Travelling there through Bangalore and Chennai itself, I could see the evidence all around of this impressive economic growth; the construction of new roads, high rise residential blocks, and shiny glass fronted car showrooms and offices is going on everywhere.

Quite a contrast to the UK, where we are labouring to just about keep our own GDP in positive territory.

The snow was behind the economic contraction in the last quarter of 2010 we are led to believe. Luckily then, more benign winter weather has been with us throughout Jan and Feb to help the economy return to the black.

Graydon has just completed a survey amongst its credit manager clients who report in the majority of cases that sales are up on Jan/Feb last year, so maybe it is all to do with the weather!! Even our construction industry may have got going again when the snow kept away.

That might help a little to get rid of some of my feelings of envy towards India!!!

 

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource