Initiatives Taken to Improve Indian Economy

Question: Economic Growth.

The average annual growth rate of the economy during 2004-05 to 2011-12 is 8.2% notwithstanding the global economic and financial crisis in 2007-09 followed by a slowdown in the global economy in 2011-12, primarily in Europe. The expected growth of the Indian Economy was 6.9% during 2011-12 in terms of GDP at factor cost at constant 2004-05 prices. The lower growth in 2011-12 could be attributed to a slowdown in the global economy and tight monetary policy at home to control inflation.

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