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International Research Journal of Marketing and Economics (IRJME)ISSN: (2349-0314)
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GLOBAL ECONOMIC TURMOIL – A ROAD MAP OF INDIAN
ECONOMIC GROWTH
Dr. Amit Kumar Khare
MBA, Ph.D (Management), Lucknow University Associate Prof., Department of Business
Administration, Rameshwram Institute of Technology and Management Lucknow, India.
ABSTRACT
In this global turmoil the growing economy like India, china and South America are moving
considerably very high growth rate of their respective countries. India may open its FDI for
service infrastructure and aviation sector which will ultimately enhance its growth rate for
service and manufacturer units. India has already opened its market for foreign direct
investments in 1991 and has grown considerably very high with foreign investors. China has
already grown its economy in defense and aviation sectors the economy of India and china
are growing simultaneously in same sectors but china is ahead of India in many ways.
During international economic summit of various G8 and OPEC nations Brazil has shown its
growth in the mid of financial turmoil. In recent time RBI efforts to further push down
interest rate which are constrained by other factors such as the government continued
dependence on large market borrowings to finance its needs. This can squeeze the bank
credits available to the private sectors restrain productions and contribute to higher prices.
Similarly the problem of financing a rising current account deficit mainly on account of the
soaring import bills is also another pressure point. This paper focuses on constant growth of
Indian economy in the period of Global turmoil.
KEYWORDS: global, OPEC, FDI, turmoil, growth, India, RBI, transaction etc.
OBJECTIVES
➢ To study the phase of global crises in world economy
➢ To study how Indian Economy survived or less affected during global turmoil
➢ To study the opportunities available during Global Economic Turmoil for India and
Suggest how we can do better in future to tackle such crises
International Research Journal of Marketing and Economics
Vol. 4, Issue 5, May 2017 Impact Factor- 5.671
ISSN: (2349-0314)
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