What is the current economic condition of india?

Answer 1

1. if i talk about 2012 ,so its not going well because of certain reasons like global recession and delayed of some important bills of financial matters ,india have a growth rate of about 8% in fy2011 , and in 2012 it decline to near about 5% but its temporary because at the end of 2012 some importants bills are cleared in parliament like fdi in retail by which the growth rate is again gaining speed and its going to 5.5 at the end of 2012 and expected again at 8% in the end of fy 2013.

Answer 2

The economy of India is growing pretty fast. It has one of the fastest growing GDPs in the world. But at the same time it is only a minority of India which contributes towards the same. That is why the social gap between the rich and the poor keeps on increasing day by day.