INDIAN ECONOMY

INDIAN ECONOMY 
India has emerged as the 2nd fast growing economy after china. The Indian government can take a good degree of pride in the way it handled the economy during the resent global crises. No doubt that India is moving in the right direction and When you look at the last 20 years, India has opened its economy and come further and faster than anyone ever could have predicted .but

 INTEREST RATE :-       5.50%

GROWTH RATE:-           8.90%

INFLATION RATE:-        8.33%

JOBLESS RATE:-            8.00%

CURRENT ACCOUNT:-   - 14

EXCHANGE RATE:-         45.7600

 INDIAN ECONOMIC GROWTH MAY SLOW DOWN

REASONS:-

• In UPA ruling ,the emergence of top scandal and frauds is the reason
• High inflation and rising interest rate
• Current account deficit has surged to 4.1% of GDP which could play havoc for India in sustaining in its dream run amongst other emerging market economics
• RBI revised repo(6.5%) and reverse repo (5.5%)by 25bps and bankers believe another hike could well be in the offering soon.