Friday 14th of December 2018 07:49:35 AM  Agra

Industrial Output & Growth: Challenges, Interventions & Prospects

The Indian economy in value term is the 12th largest; it is the fourth largest by purchasing power parity (PPP) and second fastest growth wise. It is important to note that during the last three years, our economy have been severely impacted, but has successfully withstood two shocks in rapid succession: first was global financial crisis leading to the collapse in world growth, trade & financial system in 2007-09 whose ripple continue to persist even today; and second was year 2008-09 domestically, was a year of erratic monsoon which resulted into year of severe drought in 2009-10. Yet, Indian economy is coming through it with resilience and strength.

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