Impact of euro zone crisis on the Indian economy

What started as a 2008 Global Crisis has still been hurting the economies worldwide. Fear of sovereign Debt crisis in Greece has penetrated to rest of the Euro Nations including Ireland, Portugal and Spain. Now since India being a major Euro Zone export player, this crisis has hurt the Indian market deeply. The current trading of Rupee at 55 levels against the Dollar clubbed with tedious RBI policies has hurt the common Indian as Petroleum and Crude oil prices are at an all time high. This paper thus looks at the crisis of Euro Zone with the perspective of carefully analyzing its deep impact on the Indian economy.