COMMONLY USED BUSINESS AND ECONOMIC ABBREVIATIONS ( Business & Economy )

AAGR	Average Annual Growth Rate
AAR	Average Annual Return
ABB	Asean Braun Boveri
ADAG	Anil Dhirubhai Ambani Group
ADB	Asian Development Bank
ADR	American Depository Receipts
AGM	Annual General Meeting
APEC	Asia Pacific Economic Cooperation
APM	Administered Price Mechanism
ASCII	American Standard Code for Information Interchange
ASSOCHAM	Associated Chambers of Commerce and Industry
B2B	Business to Business
B2C	Business to Consumer
BIS	Bank for International Settlements, Bureau of Indian Standards
BOP	Balance of Payment
BPO	Business Process Outsourcing
BRIC	Brazil India Russia China
BSE	Bombay Stock Exchange
CAGR	Compounded Annual Growth Rate
CEO	Chief Executive Officer
CFO	Chief Financial Officer
CII	Confederation of Indian Industries
CIS	Commonwealth of Independent States
CMIE	Centre for Monitoring Indian Economy
CPI	Consumer Price Index
CRISIL	Credit Rating Information Services of India Ltd.
CRR	Cash Reserve Ratio
CSO	Central Static’s organization
DIAL	Delhi International Airport Ltd.
EMI	Equated Monthly Installment
EPS	Earnings Per Share
EPZ	Export Processing Zone
ESOP	Employee Stock Ownership Plan
EXIM Bank	Export and Import Bank
FDI	Foreign Direct Investment
FEMA	Foreign Exchange Management Act
FERA	Foreign Exchange Regulation Act
FICCI	Federation of Indian Chambers of Commerce and Industry
FII	Foreign Institutional Investor
FIPB	Foreign Investment Promotion Board
GATT	General Agreement on Tariffs and Trade
GDP	Gross Domestic Product
GDR	Global Depository Receipt
GNP	Gross National Product
HDFC	Housing Development Finance Corporation
HNWI	High Net Worth Individuals
ICICI	Industrial Credit and Investment Corporation of India
ICRA	Investment Information and Credit Rating Agency of India
IDBI	Industrial Development Bank of India
IFC	Industrial Finance Corporation; International Finance Corporation
ILO	International Labour Organization
IMF	International Monetary Fund
IPCL	Indian Petrochemical Corporation Limited
IPO	Initial Public Offering
IRDA	Insurance Regulation and Development Authority
IRR	Internal Rate of Return
JV	Joint Venture
KPI	Key Performance Indicators
LIBOR	London Inter-bank Offered Rate
LIC	Life Insurance Corporation of India
M1	Money supply with public
M2	M1 + time related deposits + savings deposits, money market funds.
M3	Aggregate monetary resources
MNC	Multi National Corporation
MOU	Memorandum of Understanding
NABARD	National Bank of Agriculture and Rural Development
NAFTA	North American Free Trade Agreement
NASDAQ	National Association of Securities Dealers Automated Quotation
NASSCOM	National Association of Software and Service Companies (of India)
NAV	Net Asset Value
NCAER	National Council of Applied Economic Search
NHAI	National Highways Authority of India Limited
NPA	Non Performing Assets
NRIs	Non-Resident Indian
NRS	National Readership Survey
NSE	National Stock Exchange
NYSE	New York Stock Exchange
ONGC	Oil and Natural Gas Corporation
OPEC	Organisation of Petroleum Exporting Countries
OTCEI	Over the Counter Exchange of India
PETA	People for Ethical Treatment of Animals
PLR	Prime Lending Rate
PPP	Purchasing Power Parity
PSU	Public Sector Undertaking
RBI	Reserve Bank of India
RPI	Retail Price Index
SAARC	South Asian Association for Regional Coorporation
SAIL	Steel Authority of India Limited
SEBI	Securities and Exchange Board of India
SENSEX	Sensitivity Index (of Share Price on BSE)
SEZ	Special Economic Zone
SLR	Statutory Liquidity Ratio
SME	SME
SWOT	Strengths, Weakness, Opportunities and Threats
TISCO	Tata Iron and Steel Co.
UHNWI	Ultra-high Networth Individual
UNCTAD	United Nations Conference on Trade and Development
VAT	Value Added Tax
WEF	World Economics Forum
WPI	Whole Sale Price Index
YTM	Yield to Maturity