The State of Indian Economy - 2010
The State of Indian Economy - 2010 As we move into the New Year, it is time to take stock of the state of our economy-the achievements in 2010 and the challenges we face in 2011.The most outstanding achievement has been the recovery from the economic slowdown that we have been facing since 2008, as a consequence of the global downturn. It is now being recognised the world over that the management of our economy during this period has been appreciable and we have been able to minimise the effects of global recession on our economy. India continues to be the 2nd fastest growing economy of the world. In 2010 the recovery has been particularly fast. Exports have been increasing at a good speed, industrial growth has gone into double digit once gain and overall growth rate is impressive. Growth in the third quarter was impressive 8. 9 percent. What is more important is tha