Indian economic and economic crisis-prospects for a stable and emergent future

Indian Economy is one of the fast growing economies of world. But the journey to the present stage of Indian Economy was not easy. It has witnessed many financial, political, social and industrial fluctuations that put obstacles for growth of economy but ultimately India emerged as more strong and rising economy after every breakdown. The reforms of 1991 were the result of collapse of Indian economy which actually paved the way for India to mark its presence in world. India was lucky to avoid the first round of global crisis in 2008 as compared to other economies of world. It was due to controlled policy of RBI over banks. This paper discuss the Indian economy's performance during its bad times, Causes of crisis in economic areas and various approaches that can help to prevent and recover from economic breakdowns.