Impact of Inflation and Global Economic Recession on India's Growth

The World Economic Recession during 2007-08 and the recent European Economic Crisis have resulted in an economic slowdown all over the world. But, the Indian economy is more self-reliant in nature and less depending on the external economy, compared to other developing countries. Hence, it is not much hit by the Global Economic Recession. But, it is the inflation which has caused great worry to our economy. This paper tries to analyse the impact of inflation and Global Economic Recession on various sectors of the Economy, which enables the Government to take corrective measures for the future development.