The pick-up in the sales of autos is gathering further momentum, an unmistakable signal that the economy is on a strong revival path, earlier than expected.In September 2009, top eight financiers had disbursed loans worth Rs 3,400 crores, 25% more than the average during the previous four months. In December, sales zoomed by 68% YOY, on top of a 61% surge in November.
Handsome gains in sales have been recorded in all segments - cars, two-wheelers, three-wheelers and commercial vehicles. With sales of commercial vehicles registering a phenomenal growth of 172% , there is little doubt that India's growth story is back on track. A 10% annual growth is very much possible within a couple of years.
Picture: The Times of India
3 comments:
This is good news!
It seems though, that if we want this economic recovery to continue, we must be prepared for food-price-inflation to continue for a while.
Happy news makes most of us happy.
Guess a section of the society is surging ahead while another is pushed back.....
hopefully this distance will also be reduced..
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