How India Survived the Financial Crisis
As the world economy begins to recover, Indians are looking back with particular satisfaction at how they coped with the recent crisis. Despite an unprecedented global recession, India remained the second fastest growing economy in the world.
NEW DELHI – As the world economy begins to recover, Indians are looking back with particular satisfaction at how they coped with the recent crisis. Despite an unprecedented global recession, India remained the second fastest growing economy in the world. Whereas most countries suffered negative growth in at least one quarter over the last two years, India’s GDP grew by more than 6% throughout this period – and by 7.9% in the last quarter of 2009.
NEW DELHI – As the world economy begins to recover, Indians are looking back with particular satisfaction at how they coped with the recent crisis. Despite an unprecedented global recession, India remained the second fastest growing economy in the world. Whereas most countries suffered negative growth in at least one quarter over the last two years, India’s GDP grew by more than 6% throughout this period – and by 7.9% in the last quarter of 2009.