Monday, January 16, 2012
| Posted by: Grant Thornton
Categories: India, India Watch Issue 15 | Tags: India, Grant Thornton, economy, growth, performance, India Watch, emerging markets, inflation, India Economy, interest rates, inflation 2011, India Economy 2011, interest rates 2011, Rupee Devaluation 2011, economic advisory council, Rupee, political direction, stock exchange
As we enter what will hopefully be a more promising year in economic terms for many of the world’s economies, let us take this opportunity to take a look back at the year just passed.
2011 was somewhat of an annus horribilis, with natural disasters in Japan and New Zealand, political uprisings across North Africa, riots in some of the UK’s major cities and what could still be, an economic time-bomb in the form of the Euro-zone debt crisis. All these factors, and many others, led to the continued economic uncertainty seen in both 2009 and 2010, and India, like many other emerging markets was not immune to the global economic turmoil.