India Inc gains zip in Q2

India Inc. is on a roll. The result of 450 companies’ show a combined growth rates of 30% and 36% on net sales and net profits basis for the quarter ended September 2006 compared with the previous year.

This shows the strong economic condition of the country as the growth is seen in all sector. This is going to make a great impact on the stock market. The stock market has achieved its highest point ever after the result of IT firms like Infosys and TCS.

This shows that the growth of Indian companies is not only in IT sectors but in various other sectors such as Oil, cement etc. The growth is the result of increasing export as well as increasing domestic demand. India is now in the process of developing its infrastructure. So the growth in related industries like cement and steel is going to sustain. The GDP growth in 1st quarter has reached to 8.9% above the target of 8%. This is because of the good performance of companies across all industries.