Thread: How can India's economy improve?

I would be suprised if India's economy improved judging by the current crunch of the US and GB economies. It looks like we are heading for international recession.

Despite the global economic problems, things are still going remarkably well in India:

The Reserve Bank of India expects the $1.2 trillion economy to expand 8 percent in the 12 months ending March, the slowest pace in four years. India's economy grew 7.9 percent in the three months to June 30 from a year earlier, the weakest pace since the last quarter of 2004.

Bloomberg.com: India & Pakistan

Despite the slowdown in India, these are still amazing levels of economic growth.

I was over in Mumbai last week with work looking at launching a new service with the backing of India's main car manufactor!! We visited the docks area in Mumbai and i have to say i was very impressed with what i saw, India are in a very good position at the moment to take advantage of the global market, but the thing that really caught my eye was the respect people have for the company's they work for, this in turn will produce good quality products, but also give people pride in their work.

From what i saw i really do belive that India has a long way to go BUT they are well on they way to greatness

Sounds like an exciting venture easydoms. I wish you much success!

It's interesting to hear about your experience and thoughts on India.

Good to get a first hand account.

Good luck with your new venture! Let us know when it's launched.

I think so india's economy is very much dependent on foreign investments. This situation must be changed at any cost. We must stand independently. The best example is that when the US economy tumbled, we had the industrial growth of just 1.9% against 10.5% for the same month last year.

To a certain extent that's difficult... most countries' economies are deeply interlinked. Generally that has more good points than bad points.