Third time lucky

Is the Society of Indian Automobile Manufacturers (SIAM) three times lucky? Having revised industry growth targets three times for financial year 2012-13 on the back of uncertain macroeconomic conditions, SIAM President S Sandilya was more cautious when he presented the outlook for the current year. After going over detailed data on growth projections for the economy, inflation, agriculture and industry, he said, "Given that all these parameters remain the same, we are likely to achieve our target." Then came a specific caveat: "But there is a chance of around 33 per cent that we just might not!"