Second quarter results of the current fiscal year have shown that Indian Economy is still under clouds of questions..??? Is it really growing..?? Is the common man going to sleep with no tension on his mind...???
Answer lies in these facts-
Answer lies in these facts-
- Current GDP- 6.9%, lowest since the first quarter of the fiscal year 2010-2011
- Annual growth rate of the Core Sector- 0.1%
- Fiscal deficit for the budget of 2011- 74.4% (Courtesy- The Economic Times)
The Services sector has been proven to be the only highly growing sector. The Indian policymakers are now seen keen on this issue. The Retail FDI issue is the one of the step towards fastening the economic growth.
The high inflation rate and poor performances by the core sectors of economy are needed to be looked carefully.
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