Changes

Innovative personal finance products

474 bytes added, 02:51, 3 January 2007
/* India: Financial trends */
* Airlines, railways and others are now selling tickets online and it is cheaper than buying through an agent or from the airline. You need a credit card to buy these online.
* Pension funds are still big in India. Not clear if India will go the US route of defined contribution plan (as opposed to defined benefit plan)
 
=== Overall economy ===
{| class="wikitable" width="80%" style="font-size:90%" border="1" cellpadding="5" cellspacing="0"
|-
! style="background:lightgrey" | GDP growth in FY 2005-06
| 8.1%
|-
! style="background:lightgrey" | GDP growth predicted for FY 2006-07
| 7.5%
|-
! style="background:lightgrey" | Savings as percentage of GDP
| 29.1% in FY 2004 and 25.9% in FY 2005
|-
! style="background:lightgrey" | Net income of Sensex 30 companies
| 36.4% in FY 2005-06
|-
|}
=== GDP growth ===