indian economy

Year 2008 and year 2009 are worst economic year of this decade. The economy is now under recovery. The India gdp and national income is growing at a fast pace. The central government planned a number of recovery package for the ailing Indian economy. The economic recession adversely affected the export oriented sectors like software . The main reason behind this downfall is the great recession in the us and some parts of the europe. The indian economy which is largly a home based economy, does not get affected by the world economic disaster. However, in the early months of 2010, the economy shows some signs of recovery. Recovery package issued by Barak Obama in helped the us economy to come back to its initial stage and this largely helps the world economy to come back to its back track. The industrial sector also shows some signs of recovery ,especially steel and metallic sectors. The software sector is still in tight hold because the us economy is still under the path of recovery. The agriculture sectors and the small scale industrial sector does not get affected from this recession as they are mainly based on the Indian market. by mid 2010, the indian economy is booming and one can say that it is now fully recoverd .