Development in the global economy post recession-an overview on Indian economy 2010

Global Economic recession is fading and the recovery process from the damages is entering another year. Year 2009 gone well thru our expectations and year 2010 is knocking for the faster and stable recovery. As the economic pace is picking up, global commodity prices have staged a comeback from lows and global trade has also seen a decent growth over the last two years. Unprecedented Government intervention and exceptionally large interest rate cuts by the central bank in advanced and emerging economies have contributed a lot to pull the global economy up from the deepest recession since the World War II. Global economy is seems to be expanding after a recent shock.Indian Economy, however just felt the blow of the global economic recession and the real economic growth have seen a sharp fall followed by the lower exports, capital outflow and corporate restructuring. Although, the uncertainty in the shape of the global economic recovery is still persist, however the situation has significantly improved as compare to first quarter of last year. Indian economy is bracing for higher economic growth backed by uninterrupted foreign inflows, eloquent growth in industrial output but the higher inflation and interest rates would also follow.