India Now Worlds Third Largest Economy With First Quality Bearings & Components

Resource from: CBCC Likes:2961

Oct 12,2007

India Now Worlds Third Largest Economy With First Quality Bearings & Components INDIA is now the third-largest economy in the world, partly as a result of New Delhi’s two-decade-old program of economic reform. Ignored for many years because of its strict regulation, isolation from global markets and sclerotic growth, India’s arrival on the world stage was yesterday recognized by the release of the Organization for Economic Co-operation and Development’s first economic survey of Asia’s other giant. The OECD credits New Delhi’s reforms – which began a decade after China took the reform path – with raising gross domestic product growth fourfold, to a rate “that will double average income in a decade”. This growth “has helped reduce poverty, which has begun to fall in absolute terms” With Major BEARING Manufacturer’s (EU/USA/JAPAN) now increasing production facilities riding on the back of India’s booming economy, India’s domestic BEARING manufacturers have re-invested its own infrastructure by equipping their factories with the world’s latest IT & Machinery operations. India's rising bearing producer “Sun Bearings” division of the Galaxy Group, are now planning to increase its output with emphases on premium quality for export into other OECD countries. INDIA has also dominated growth in bearing Components. For example, “HARSHA Engineers” have become a world leader in the production & supply of Cages/Retainers with customers e.g. SKF, TIMKEN, FAG to there credit, are now doubling its facilities to cope with the extra demand & more recently commenced plans for production in China. “NHB Ball” has increased in similar terms with worldwide orders for steel balls stretching there capacity to record levels

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