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Home > Reports and Documents > State of the Indian economy: an opportunity for revival > State of the Indian economy: an opportunity for revival

State of the Indian economy: an opportunity for revival [1]

The last year has been a fortuitously good one for the Indian economy with a sea change in the macroeconomic parameters and a sustainable turnaround on the cards. At a time
when concerns have been raised about global growth prospects, the Indian economy has marched on and has in fact entered a sweet spot. As a start, Gross Domestic Product (GDP) growth, which had plummeted to sub 5% levels in past two fiscal years finally seems to have picked up on the back of a cyclical rebound and some genuine improvement. Growth in the current year, while not spectacular, has moved up firmly into the 5%+ handle. This improvement has come on the back of improved performance in the industrial sector, stable growth in the services sector and a surprisingly resilient agriculture sector. Further, policy action on the environmental clearances and mining licenses has helped prop up sentiment while a push to some stuck projects have aided growth prospects.

Publication Date: 
01/02/2015
Deloitte [2]
Tags:
Economy [3], GDP [4], Economic Development [5], India [6], Foreign Direct Investment (FDI) [7], Industry [8], Environment [9], Budget [10]
Centre for Science and Environment
National Knowledge Commission Government of India

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[1] http://admin.indiaenvironmentportal.org.in/reports-documents/state-indian-economy-opportunity-revival
[2] http://admin.indiaenvironmentportal.org.in/category/publisher/deloitte
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/foreign-direct-investment-fdi
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/environment
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget