Growth of Indian economy
As per economic review of India, this nation has been making steady progress in last few years, a fact which is obvious when its rate of growth in last couple of financial years is looked at. For example in financial year 2006, rate of growth achieved by Indian economy was 9.6 percent and in fiscal 2007, this rate came down a touch to about 9.2 percent.
There have been a number of causes behind growth of Indian economy in last couple of years. A number of market reforms have been instituted by Indian government and there has been significant amount of foreign direct investment made in India. Much of this amount has been invested into several businesses including knowledge process outsourcing industries.
India's foreign exchange reserves have gone up in last few years. Real estate sector as well as information technology industries of India have taken off. Capital markets of India are doing pretty well too. All these factors have contributed to growth of Indian economy.