Indian economy in 2009-10

I don't agree with subhasis because India can clock a ‘reasonable’ growth rate of 7.4 per cent in 2009-2010 despite the global recession. In a report submitted last week to Prime Minister Manmohan Singh, the Planning Commission has said that an additional stimulus of Rs 30,000 crore next fiscal would push up the gross domestic product (GDP) by as much as 1.1 per cent. Without any extra stimulus, the economy may clock a growth rate of 6.3 per cent next fiscal.

According to the Planning Commission, if the stimulus injected in the economy in December, January and February of the current fiscal materialises, it would ensure a growth rate of 6.3 per cent in 2009-10. For this, it is necessary that all liquidity released by way of these packages is absorbed by the economy.

According to the speech that was held in Lok sabha I think their is going to be a chances for a better economy.