Tuesday, December 6, 2011

India's Economic Situation

Economic Situation:

Although the population in India continues to be a problem, bringing poverty along with it, the economy is actually doing fairly well. Although inflation continues to rise, the economy has also maintained rapid development. India's economy depends on foreign trade as its main source of income, India's GDP grew 8.8% since the year 2008. Even though India's economy is doing well now, many sources say that the economy will take a turn for the worse if certain policies are not changed. The way they are running their economy is not sustainable for the future. I was presently suprised that their economy was doing as well as it is. I thought with their growing population, and poverty situation, that it would be pretty bad. There is a huge divide between the small amount of citizens that are upper class, and the largely dominant poor. Also, it seems like every country seems to be struggling with their economy right now, so I would expect India's to start to drop soon.

An Article that talks about the economic situation:
 India's economic situation

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