Editorial

Abstract

The country has been through a somewhat turbulent industrial scenario during the past few months. It all started with the phenomenal rise in crude oil prices that was mainly responsible in propelling a sudden jump in inflationary trends, and which though appeared to be slowly coming back to the grips is again looking upward and hovering around 12%. The Political uncertainty on the nuclear deal issue, the sudden slump in the stock market and the rising cost of borrowing from the banks are the other adverse factors. In the short term all these factors could act as dampeners to the fast growth of the economy, however many of the experts, both Indian & overseas still firmly believe that India can overcome these hurdles and maintain a decent growth rate of 8% and above.