In past few years, you must have heard that India is a growing economy and will become world’s strongest economy in few years and all sorts of things. India was also considered to be one of the strong growing economical countries with Brazil, China and Russia. However, all these hopes started to diminish when Congress took charge of united alliance Indian government in 2009. Since 2009, alliance parties have paralyzed the government and government is not able to take any decision independently. Subsequently, government has delayed many financial decisions so much so that it has started affecting India’s financial growth.
Due to this economical struggle, India’s industrial growth faced the worst heat as it came down to mere 4.3%. It was not just that, even inflation rose above the head and daily grocery items like fruits and vegetable prices soared high. Moreover, petrol kept getting costlier day in and day out. If at all, these things weren’t enough, government has now decided to release the diesel out of their control and to minimize the subsidy on the same. If that happens, things are going to get worse and time may come when India may struggle even to survive.
Just few days back, Indian Prime Minister’s own financial adviser announced that Indian Government is paralyzed and if they won’t start taking decisions, Indian economy will foresee setback for at least two years for which current government lasts in the center.
All in all, India’s Economical Power has gone from far to worst and its struggle to get back on path is keep hitting by decision related obstacles.