Like all international economies, India has had its share of challenges , however the economic engines will get stronger over time.
South Asian countries have been buoyed down by the lack of global financing . All of them urgently need to strengthen their macroeconomic fundamentals and rebuild their policy buffers to withstand external shocks, as well as enhance their longer-term domestic growth drivers.- as per a recent WorldBank report
These can be achieved, in particular, through sustained efforts at fiscal consolidation over the medium term, maintaining prudent macroeconomic policies, deepening structural reforms to ease capacity constraints, and improving the business environment for the private sector.
After a strong decline during the second quarter of 2012, industrial production in South Asia has stabilised and is picking up, with output rising at a 2.4% annualised pace in the three months to October, 2012