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T. Spiritual World Ltd.

BSE: 532444 Sector: Others
NSE: N.A. ISIN Code: INE541C01037
BSE LIVE 15:14 | 03 Oct Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.72
PREVIOUS CLOSE 0.72
VOLUME 15
52-Week high 0.89
52-Week low 0.46
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.72
Sell Qty 1387.00
OPEN 0.72
CLOSE 0.72
VOLUME 15
52-Week high 0.89
52-Week low 0.46
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.72
Sell Qty 1387.00

T. Spiritual World Ltd. (TSPIRITUAL) - Chairman Speech

Company chairman speech

T. SPIRITUAL WORLD LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, The Economy The Indian Economy, by virtue of its strong macroeconomic fundamentals, has been one of the most resilient and fastest growing emerging economies of the world. Despite the subprime crisis and other events that have had negative consequences for most other nations, India continued to grow at an impressive rate of 6.7% in the fiscal year 2008-09, albeit at a slower pace when compared to earlier years. In the current financial year, it is expected that Indian economy will regain its growth momentum to grow at its recent trend growth of 8% to 9% over the past 5 years because of stable policy environment, and internal growth stimuli notwithstanding the global factors like tighter credit conditions, slackening of demand, lower exports and slow down in developed economies. The fiscal stimuli provided by the Government and the rising fiscal deficit could lead to potential inflationary pressures, if not handled adroitly, and in the near term there could be crowding out of private investment by the public sector. Investments in agriculture, rural development, health, human resources and infrastructure will need to gain momentum to make growth more inclusive and balanced. Overall, the Indian economy is slated to be one of the few in the world with positive growth acceleration in the current year. Wellness Wellness as an offering has been prevalent since the ancient times in India. The pioneering work of our ancestors in the areas of ayurveda and traditional medicine stand as leading lights for many users and practitioners to this date. What has changed since then has been the dedication that entrepreneurs, practitioners and regulators in this space have shown to kick-start the organised industry in India. Notwithstanding the current economic slowdown that has impacted several sectors, the Indian wellness services market is expected to remain buoyant. Wellness, Exploring the Untapped Potential, a FICCI-Ernst & Young (EY) initiative studied this upcoming industry very closely in terms of growth and potential for future. According to the report, the wellness industry comprises two segments-wellness services and wellness products. At the end of 2008, the wellness services market stood at Rs 11,000 crores and the wellness products industry was around Rs 16,000 crores. With an overall estimated CAGR (compound annual growth rate) of over 20% till 2012, this combination of products and services represents the untapped potential that TSWseeks o t address with its exclusive wellness products and services. TSW has so far been very successful in creating a novel position for itself. The Company has already established a reputation among the corporate community and created awareness for a healthier corporate lifestyle. I am confident that with your unstinting support and the commitment and energy of our employees we will be able to live up to the expectations of our stakeholders including shareholders, customers, governments and all members of the community we operate in. I'd like to extend my gratitude towards all our shareholders, customers and the staff for their support in shaping the success of our company. Dr. Alam Ali Sisodia Chairman