India Fces Threat of Reverse Growth

Twenty year ago, India found itself in dire economic distress when country was growing with snail pace which was termed as Hindu rate of growth.

The GDP of India in total was below $500 billion with near-zero forex reserves to fulfill only 15 days of import need of the country.

The 1991 reform had given India the second freedom to grow but in recent time Indian growth has slowed down amid world crisis.

After sleeping for 6 year without any policy adjustment UPS II has launched big bang reform in the format of Twenty 20 as commented by several experts while talking on television shows.

Coalition politics corruption is in full swing, country is facing challenge at all important front right from the Civil movement by the Mango people,International front as Indian credit rating is on threat as S&P ,MOODY,FITCH all watching closely the Indian activity.

Macro of Indian economy has showing sustaining deterioration as High Inflation,Lowering of IIP a clear indication of reduction of factory activity,widened fiscal deficit of 6 % of GDP in 2012, current account deficit of 4.2 % of GDP in 2012, and lower business confidence have added further slowdown to the Indian economy.

http://goindocal.com/editors-columnindia-faces-threat-of-reverse-growth-as-a-dividend-of-coalition-politicsgo-4473.