We are just a few days away from welcoming a brand new year, and here is the prediction for India in the coming year. Our 2002 prediction had an accuracy of 99 per cent and we wish to reach perfection this year.

The year 2003 is expected to bring a lot of new hopes for India and we wish her the very best in all the new endeavours. Sify Astrology also wishes its valued customers a very Happy & a Prosperous New Year.

India’s relationship with Pakistan in 2003

The cross border tension that has been prevailing between India & Pakistan will reduce this year. Of course there will be infiltration & accusation, but the situation will not escalate to create any major anxiety. There will be reopening of diplomatic ties with Pakistan towards the later part of 2003. Slight skirmishes will continue, but once Rahu leaves the Rishabha, situations are bound to improve towards peace & stability. TRUE

Monetary position of India in 2003

It will be a very good year for India as far as business is concerned.
Exports – import will increase gradually.

The Government will introduce more market-friendly policies, and will continue its privatisations plans in a phased manner. Foreign investments will increase substantially.

Industrial production will improve, and food grains production will be better. Service sectors will have unimaginable growth & prove to be the key factor affecting Indian economy this year.TRUE Refer Mr Jalan's article in The Economic Times

The GDP will increase and inflation on essential items will be slowly creeping. Coal mining & power supply will increase. There will be some urgent need to improve the power out puts. Few states will be forced to increase the power tariffs.

Centre-state cooperation will be at the best, and the interstate relationship will be positive. The government will bring new educational scheme. The Government will continue with the VRS scheme, and many companies will offer it too. Though it will be lesser compared to 2002.

Recession will recede, and the employment rate will increase. Many Indian students will travel abroad. Air ticket rates will be in an affordable range. There will also be an increase in the number of people going abroad on a business trip and on a personal tour. TRUE (Air Sahara reduced their prices, there was tariff war, and survey shows increase in air travel)

The Parliament will see some unruly sessions, and some problems will prevail in state assembly of few states, Tamil Nadu is one of them. Important bills will be passed without much difficulty this year.

Many state governments will be pro business, and there will be an attitude shift among the politicians for the better. The southern states will do better this year, and states like Maharashtra, Gujarat and Punjab will lead in major segments.

The economically backward class, SCs and STs will see significant improvement in their life styles.

Money will be more in the middle class segment, but they need to be careful about their investments, and get into more conventional methods of saving than trying out new ones.

The bears will rule the early part of the year in the stock markets. Iron, steel, infotech, pharma, banks & stocks will do well. The new issues will have fewer takers. Steel production will increase and many steel companies will make good profits. Oil price will increase due to tension across the globe. TRUE

There will be ups & downs in the auto industry. Lower end segment vehicles will sell more than the high-class segments. Auto companies will be able to increase their sales by selling basic models. Bikes will do well, and more modern bikes will be launched in the coming year, so there is good news for TVS, Hero, & Bajaj firms. TRUE (TVS launched its newer version of Victor, Hero launched its Karizma, and Bajaj is doing well with Pulsar!)

Information technology will grow by leaps and bounds. Internet companies will do better. Things will improve for them, but they cannot expect miracles to happen. Internet penetration will increase multi fold, and more and more people will buy computers & get connected to the Internet. The volume can be expected to increase by 20 per cent. In the mid-year, Internet companies will have some difficulties in maintaining growth & meeting targets.

FMCGs will do well. There will be new launches in the higher end segments.

Sale of milk products will increase in volume. Gold and silver prizes will have marginal increase. TRUE Some of the multinational companies will find it difficult to deal with the aggressive policies of Indian companies. Indian companies will gather courage and confidence in terms of dealing with MNCs and competitors.

Indian tourism industry will flourish like never before.

More food products will be launched along with few new brands in 2003. Number of hotels & eateries will increase, and the businesses will gradually increase. Confectionaries, ice creams & pizzas will do well.

Telecom industry will also do well. There will be gradual shift from public players to private players. More and more people will go for cell phones, and the same growth pattern of 2002 can be expected in 2003 too. TRUE

BPOs can expect 50 per cent growth for major players.

Cements companies will do exceedingly well in many states.

Rubber production will do well.

It will be an average year for textile, where as the readymade sectors will have significant growth.

The hospital sectors will also do well. Alternative medicines will do well but there will not be any significant growth.

Tax collections will increase and the government can expect to cut the interest further.

Law and order condition will be ok with few sensational crimes happening in the metropolis once in a while.

There will be increase in the number of theme parks. Satellite channels will do well, and there will be increase in the volume of TV viewer ship. Some mild innovations will be implemented, and one or two specialised channels will go head away. Cable TVs will consolidate with no major changes.

More intellectual programs are in the offing, which will be successful, but soaps will still rule the roost. Publishing in the high-end sectors will do well. Low end and regional sectors will do badly.

There will be significant revamp in the tea and coffee industry, and they will do better unlike 2002. TRUE

All these improvements will make sure that the stock touches 3700 easily! TRUE

There are possibilities of 2 to 3 financial scams this year.

Entertainment industry, like film industry, will have some problems. They will do much better when compared to 2002 TRUE (Bhoot and few other movies are a hit) but still have to accept bigger flops. Regional movies will do better comparatively, and international movies will also do well. Cartoon network will do exceedingly well. Some veteran movie star will pass away. Wedding bells will ring for some leading actresses in Hindi movies. TRUE(Pooja Bhatra and Ramya Krishnan got married)

The judiciary system will be very strong, and there will be some landmark judgments made this year. Some of the corrupt politicians will be fined or prosecuted, and the government will act defensively for the same.

Minor natural calamites will make news, and there will be air accidents.

The drums of war for the next election will be louder, with major parties sticking to their old ways, and BJP sticking to their Hindutva placard.

Kashmir will still remain the area of concern with no major decisions taken on it. Gujarat will continue to face few law & order problems.

India will be able to climb at least one or two notches up in the world ranking on prosperity. The level of growth and prosperity gained in the first 8 months will slow down a bit in the later part of the year. The manufacturing industry will undergo mild recession and the Sensex is expected to react negatively. But India can expect to close this year with a positive note.

On a whole, the year 2003 will bring lot of good things along with new & brighter hopes for a better tomorrow. So, let us welcome the year with joy, and a smile on our face.

Check out what came True & what didn't in 2002 predictions!

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