Opinion

Dear All,

It's heartening to note that despite lower-than-expected GDP growth of 5.8% in Q4 (Jan-March 2019), India has still managed to defend its status as the world's fastest growing major economy in 2018-19. In a positive outlook for the Indian economy, the World Bank in its Economic Prospects Report has estimated 7.5% GDP growth for the country in FY 2019-20. The World Bank report further predicts that the growth trajectory will receive a further boost by "more accommodative monetary policy" and "low inflation".

As far as the global economy is concerned, the growth momentum in the US is projected to moderate as headwinds from trade policy are compounded by the waning effects of fiscal stimulus. Similarly, growth in China is projected to moderate gradually from 6.6 per cent in 2018 to 6.3 per cent in 2019 and 6.2 per cent in 2020. In view of these developments, India looks all set to maintain its numero uno status as the world’s fastest growing major economy in 2019-20 as well.

Letter from Editor-in-Chief

Dear Friends,

I am delighted to share the latest issue of Opinion, the quarterly newsletter of the LNJ Bhilwara group. Like one big family, we have had a plethora of activities in the last quarter and we have tried our best to encapsulate all these happenings for you in this newsletter. It amazes me to witness the variety, depth and talent that reside within the LNJ Bhilwara family every time the editorial team compiles content for these quarterly newsletters. It’s truly heartening to learn and experience that all our employees go beyond the usual rigmarole of work pressure to pursue their hobbies as well.

For the country, the next financial year will mean a new phase of the overall socioeconomic development. For us, this will mean an added responsibility so that we can contribute towards the nation building by keeping ourselves at the forefront of manufacturing excellence, technological prowess and product innovation.