India's GDP can expand by double-digit to emerge as the fastest growing economy in the world in years to come. It is possible for India to move into the double-digit growth. The Indian GDP expected to grow around 8.5 percent with a full recovery. In the medium term, it is possible that the economy will go back to the robust growth path of near 9 percent that it was before the global crisis slowed it down two years back.
India's economic fundamentals remained strong, including high savings and investment rate, the arrival of home-grown companies in the global space and the services sector. At the same time, agriculture continues to be the cause of concern even as it remains the mainstay of the nations economy, either directly or indirectly. There is need to undertake serious policy initiatives to reach the sustained 4 percent growth in this sector.
We are more concerned over rising prices, mainly in essential items that has pushed the country's annual food inflation, to nearly 18 percent in recent weeks. The export sector also need a further push,
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