India's Resilience Shines Through Global Economic Crisis, Seizing Opportunities for Growth
The article discusses how the global economic crisis affected India, presenting both challenges and opportunities. Despite the crisis, India maintained high economic growth rates, with GDP growth reaching 8.6% in 2010-11. The country's economy showed resilience, becoming one of the fastest-growing major economies. The crisis did have some negative impacts, such as a decrease in foreign investments and a depreciation of the rupee. However, the government responded with monetary and fiscal stimulus measures to combat these effects. The paper analyzes the impact of the crisis on India's economy and highlights the challenges faced and opportunities that arose as a result.