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Lending credence to the fears of a slowdown in the industrial sector during current fiscal, growth rate of the index of industrial production during April-September 2008 period decelerated to 4.9% from 9.5% during the comparable half of the preceding year. This is an alarming trend. The Indian Government has liberalized financial flows in and out of the country, reduced tariff barriers and a quarter of our economy is dependent on trade. India's exports at 13.5 per cent of gross domestic product are 50 per cent higher than in 1991. India is no longer a closed economy and cannot insulate itself from a global recession.
机译:出于对本财政年度工业部门增长放缓的担忧的信任,2008年4月至9月期间工业生产指数的增长率从去年同期的9.5%降至4.9%。这是一个令人震惊的趋势。印度政府已经放开了流入和流出该国的资金流动,降低了关税壁垒,而且我们四分之一的经济都依赖贸易。印度的出口占国内生产总值的13.5%,比1991年增加了50%。印度不再是封闭的经济体,也无法与全球经济衰退保持隔离。

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