More fiscal and monetary polices from the Government?

The economy has been reeling under pressure of the global financial crisis. The government has been very serious in controlling the fiscal and monetary polices in order minimise the impact of the global crisis on Indian economy.

The government may further come up with another stimulus package for the economy. It is expected that the economy would grow at seven per cent in this fiscal. There has been many steps taken by the government to bailout the economy from the clutches of global crisis.

The Reserve bank of India will review its policy stance on Jan. 27. The RBI had cut its key lending rate by 350 basis points since October last year. And the bank would take further measures as required to balance the economy.

The inflation has drooped from double digit in June 2008 to five per cent recently indicating the recovery of the economy. Only concern is that the industrial production which has been getting back to track after a negative slope in October 2008. Experts believe that the economy is back on the tracks again, but the fiscal year 2009-10 will be challenging.