Thursday, December 12, 2013

Dismal near future for Indian Economy

Indian Economy stares at a dismal near future.

The index of Industrial Production IIP has shrunk by 1.8% and situation has been further compromised by double digit inflation numbers which is up at 11.24%.

With the announcement of these economic factors, the situation has just became gloomier for the Congress-led government at New Delhi. The results of the recently concluded state polls has clearly shown the Congress party that the people are not in any mood to tolerate any more indecision and inaction.

The Indian Government comprises of some the top economists who are able to talk impressively about the economic scenario, but who have failed to deliver when it comes to controlling the Indian economic outlook.