Indian Economy doing well
Most of the economists around the world believe that if any country can zoom into the double digit growth numbers in near future, it has to be India.
According to a recent survey, economists and policymakers in India believe that the Indian economy will soon beat China and emerge as the fastest growing economy in years to come, major reasons being the revival in demand, and the increase in investment in the field of infrastructure and also better governance.
The manufacturing sector has gained momentum and so have the exports of the country as there was higher activity. The corporate earnings have also picked up and further the investments in the infrastructure setup have almost guaranteed that the growth rate from next year might touch the 9 per cent levels.
The government in this budget has already hinted at partial roll back of the stimulus package and has already increased the CRR ratio in order to withdraw some liquidity from the market.
The rising prices remain a worry and the only obstacle between double digit growth and India.