The Handbook of Laboratory Quality Management and Accreditation - ISO/IEC 17025 and ISO 15189

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India is getting recognized as a growing world global economy. It has already established its brand in the sphere of information technology. Earlier indian IT professionals rushed to USA & WEST for jobs. This position is getting reversed as we proceed on the path of economic growth. The spectacular GDP growth of more then 8 percent during the last quarter & between 7 to 8 percent during the last three years has prompted the policy framers to lay a benchmark for 10 percent of GDP within two years.India-emerging global economy has developed in depth the indian growth story during the last decade. Chapters on the two great economies, Outsourcing & SEZ - The engines of growth bring out the optimism for a sustainable growth. Substantial flow of foreign Direct Investment is an indicator to the substantial economic reforms under way. The opening of the Telecom & Aviation sector to FDI will strengthen the week infrastructure, Though negative sentiment has been building up in the economy with the declining Sensex accompanied by a perception, as the Foreign Institutional Investors pull out, that india is losing its flavour. Importantly the latest data for industrial production for April show manufacturing growth of 10 percent & industrial production 13.1 percent. Healthy FDI flows & MNC success stories reiterate the foreign investor's confidence in the country. Investors, Economist, Imf & world Bank view india's economic growth is sustainable. Indian corporates like Tata taking over Corus & many more is a reflection on india's growth.The Growth story has been covered through fifteen chapters looking into the vital policy decisions & the future thinking on the issues of Capital Account Convertibility & Retail Sector. All these trends reflect maturing of the Indian Market for goods & services on the one hand & its integration with the global manufacturing & services practices. About Author : Kewal Khanna: Born on 29th July 1938 holds Master's Degree in Economics, from the University of Punajab 1960 and Degree of Law from University of Rajasthan 1987.In the earlier years he has been associatedwith premier English daily " Hindustan Standard", New Delhi and Indian Management. He joined the Rajasthan Account and Finance Service during the year 1962.Kewal Khanna held several important positions in the State Governemnt including those of Director Finance, Rajashtan State Industrial and Investment Corporation (RIICO), Director Finance, Jaipur Development Authority, Executive Director, Rajasthan Tourism Development Corporation, Financial Advisor, Indira Gandhi Nahar Pariyojana. Contents : Two Growing Economics India-China New Wave Jobs Outsourcing-Outshoring Union Budget-2006-07: 2007-08Financial Sector ReformsWTO: World Trade OrganizationProsperity: Growth of Ten Per CentTwelfth Finance Commission Sharing revenueGains of VATSEZ-Future Engines of GrowthCapital Account Convertibility The Indian RupeeSecond Green Revolution-A NecessityRetail Sector RevolutionAugmenting Exports Foreign Trade PolicyMonetary and Credit PolicyBibliography