India's the fastest recovering economy after the slowdown....

I think that many countries and sectors are proud to boast how much and how quickly they are recovering from the recession. The trouble is that 'growth' may be measured in many different ways and you can be sure that the figures that report growth in the media are chosen to be the rosiest that can be used and, of course, the ones that reflect most favourably on the 'story' in hand. While I never reject such stories out of hand, I always remember that it is in an industry's best interest to report growth because that tends to stimulate confidence and more growth. Yes, it is encouraging to see a growth of 11% (but over what period - "recent past" says nothing! - and is that a growth in profit, investment, orders, number of businesses starting, increase in staff or what?). The recession (which, don't forget, was really triggered by some very bad investment and shady deals by mainly American finance houses) is a global thing and recovery should be seen in global terms as well. Some countries and industry sectors will certainly recover at different rates - and will be glad to crow about it - but it is not the cockerel that makes the sun rise, it is when the whole hen-yard feels its warmth that it can be truly be said to be day.

it is well said my friend. hansraj has also got some true numeric facts about india, i think india is one of fastest growing countries to recover out so quickly. the main reason behind is that in india we have limited amount going into credits unlike other countries where credits were given very easily. and gdp is main indicator for this recovery

ya indian IT industry improved a lot in last the last year....... As at the begining of year 2009 the sensex was around 10,000 but at the end of year it was taken upto 17,000....... so we can see how much indian industry has improved.....