India International Political Economy

The Indian economy is expected to grow as its slowest rate since 2003 as 6.8 percent according to Bloomberg.

The poor forecast for the India economy comes in the wake of the global economic crisis and as demand for outsourced IT services continues to wane.

Fortunately for the Indian economy, inflationary concerns are at bay as wholesale price inflation came down to 5.6 percent in January which is down half of what it was in August.