Tuesday, January 31, 2012

India's economy under multidirectional stress

India, whose economy has already been adversely affected by the still ongoing Eurozone debt crisis in recent months, is also now concerned over' new policy moves mulled in America to stop outsourcing of jobs. Last year, international observers and analysts of South Asian affairs also pinpointed, among other domestic factors within India, paralysis of the political system as a huge stumbling block to economic reform. Since early 1990s, India has been registering fairly high growth rates and it is believed that India' s economic fundamentals are still strong.