Watch Out Time for Indian Economy

Watch Out Time for Indian EconomyWith recent upheaval in the world economy, India has now reached a fragile position as well. There was some respite for the Asia markets in the recent past as they were least affected by the crisis in the Eurozone and the American economy issues. Now according to fresh reports it has been revealed that India too has its own problems to deal with and they seem to have no end soon.

Inflation is one of the major evils of the Indian economy which seems to have crippled the needs of the common man in the county. The rupee has gone weaker against some of the major currencies of the world. The interest rates are continuously manipulated by the RBI, making it more and more difficult for the common man to suffice his daily needs.

Prices in every sector seem to be skyrocketing at the moment and it is uncertain when there shall be a change in the trend noticed. Exporters might be benefitting due to the depreciation trend but the demand of the products in the markets seems to have dropped in recent times. This is another hue matter of concern.

It is essential that the policy makers of the nation make effective ways to improve the financial position and stability of the nation so that it does not have to see hard times like USA and Europe, because it is a developing country and would have many more problems than them, if times show such a condition.