Competitive Exams: Current Affairs 2011: Indian Economy State

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Indian Economy State

The Prime Minister՚s Economic Advisory Council, headed by C Rangarajan, has several eminent economists as its members. Its reports on the economy the Economic Outlook and the Review are widely appreciated.

The most recent Economic Outlook 2011 12 analyses the reasons why the Indian economy has not grown to its potential.

To quote from the Economic Outlook: The combined momentum of a stable government after the May, 2009, general elections and the successful navigation through the crisis was a good opportunity to take those necessary steps to energetically get back to the imperatives. However we have lost time. Besides, a slew of corruption related controversies over the past one year has consumed the energies of the government and has led to a slowing down of initiatives to restore investment and economic confidence.

Courtesy: The Hindu and Times of India