Article by Baiju
The horizon of Indian Economy is presently very bleak and dark, and so has it been for the last fifty years. The slow and sluggish Indian Economy can be attributed to a number of factors that have prevailed in India ever since we got our independence. The factors are many, and they are, recession on the home front, recession in all commercial and industrial playgrounds, and above all these the political instability. All these factors have together led to the complete sluggish growth of the Indian Economy. In this disappointing scenario, the only redeeming feature seems to be the economic scenario on the International horizon, which is also fraught with recession, and it is this that gives India a slight breather.The fate of Indian economy is largely dependent on the trends of the world economy and it is this world economy that is now in the clutches of the worst ever crisis. The Stock Markets are crashing, industrial production has slackened, political upheavals are a common feature and the decline in exports in terms of important commodities is prevalent on a world wide scale. With all this in the world, it cannot be expected to find India escape unscathed or unblemished.However, even with all this disappointment all around, we may recover from these painful shocks. Mr. yashwant Sinha, the Finance Minister 1998