Economy

[culture]

Indian Economy is undergoing a super-boost growth with which it can lead the world by becoming the top economy. The growth rates are steady and accelerating towards higher ranges, signifying the potential that India holds in becoming one of the top leaders in World Economy. Though there are domestic disturbances in India, the markets are performing well in overall. Right now according to the 2011 statistics, India is 6th fastest growing economies of the world.

 

[Student]

Indian Economy is undergoing a super-boost growth with which it can lead the world by becoming the top economy. The growth rates are steady and accelerating towards higher ranges, signifying the potential that India holds in becoming one of the top leaders in World Economy. Though there are domestic disturbances in India, the markets are performing well in overall. Right now according to the 2011 statistics, India is 6th fastest growing economies of the world.

I think the super boost can no longer can be called a realistic idea. The economy would soon take a dip because of high interest rates and inflation. The RBI increases interest rates to control inflation and if interest rates go up, the domestic market which accounts for 80% of Indian GDP would shatter. This process is cyclic process and unless India becomes trade surplus, we cannot hope of any strong and reliable economy.