India On The Road To Recovery?

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Indian Government had already faltered after the great economic reforms of 1991. After that lot of reforms had taken place and we due got lot of good results. Industries boomed, Stock gallore, agriculture started modernisation, employment improved and India became the 2nd best economy of the time.

July Indian Industrial Production [IIP] had improved to about 2.6% better than 1.1% growth last month. Due to restriction in Gold Import and Exports rose curbed the Trade Deficit by US$ 10.9 Billion. Global Crude Oil too had done lot of good as the prices of Crude had come down and will be coming down below US$ 100/Barrel. Rupee too also gained lot of lost ground, but more good policies must overcome the ongoing policies. Monsoon was good, but whether farmers take this as an opportunity or not.

CAT 2013; Yahoo News

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