Dressing up the deficit

Article Abstract:

The expected decrease in India's budget deficit, from 1990's 8.4% to 6.5% by Mar 1992, has not resulted in a corresponding drop in inflation rates. The reason is that the government resorted to borrowing and holding back subsidies and payments in a last minute effort to reduce its fiscal deficit. However, the National Council for Applied Economic Research has predicted a 3% growth for the nation's agricultural sector, with construction and industry exhibiting a 1.6% growth rate. These rates combined should allow a growth of 2% to 3% in the country's gross national product.

Column, Inflation (Finance), Budget deficits, Inflation (Economics)

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Bouncing back

Article Abstract:

An economic recovery continues in India, but it fell short of expectations for the fiscal year ending Mar 1993 due to the effects of riots in reaction to the Ayodhya mosque incident. Inflation fell to 6.1% in the year ending Jun 1993, exports increased 30% and imports decreased 4%. The high cost of funds and the world recession is forecast to slow export growth. Foreign investment increased to $390 million in the fiscal year ending Mar 1993. An International Monetary Fund-backed economic reform program continues.

Economic development

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Clash of the colas

Article Abstract:

A marketing war is heating up in India as relaxed rules bring US soft drink giants Pepsi and Coca-Cola back into the fray. A rule requiring hybrid brand names, combined with government interference, led Coke to leave the country and Pepsi to reduce its presence. Food tycoon Rajan Pillai and new, more encouraging laws motivated both to increase their presence. The market for soft drinks appears ready to explode; better distribution and rising wealth will help.

Bottled and canned soft drinks, Canned fruits and vegetables, Flavoring extracts and syrups, not elsewhere classified, Soft drinks, Coca-Cola Co. (Atlanta, Georgia), Marketing, International aspects, Market share, Soft drink industry, Pepsi-Cola Co., Carbonated beverages

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