It’s almost a decade since we entered into the 2000s. Indian Economic growth in these years wasn’t so impressive for the western economies. It proves to be one of the worst economic period for those economies. Indeed, the so-called fastest growing economies (such as India, Brazil, China, Mexico, Russia, and Indonesia) have seen an unprecedented economic expansion because, the eastern economies were the producers and the western economies were the consumer and the same trend would likely to continue as the companies, nowadays, are more conscious about the cost.
As the economic pace is picking up, global commodity prices have staged a comeback from lows and global trade has also seen a decent growth over the last two years. Unprecedented Government intervention and exceptionally large interest rate cuts by the central bank in advanced and emerging economies have contributed a lot to pull the global economy up from the deepest recession since the World War II. Several Governments around the world launched the stimulus packages to prop up the economic growth, generate employment opportunities and the overall economic growth with the aim to reduce uncertainty in the Indian economy and increased confidence. In this VMW research, we’ll discuss about the overall economic prospect for the year 2010 and the how the Indian Economy emerge from the ongoing economic repairment.
Economic Prospect For Year 2010 -
India’s Economic Outlook Projection
2007 2008 2009 2010
GDP Growth 9.40% 7.30% 7.60% 8.30%
CPI 6.40% 9.30% 5.50% 4.90%
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