HOW DID DECOUPLED BECOME COUPLED? :INDIA’S MIRACLE GROWTH DROPS

Surpassing the decoupling expectation, the global economic crisis is now spreading into Indian economy through various channels. Indeed, this brief survey of the effects of crisis suggests that India’s financial and real sectors are closely integrated with the global financial and export markets. So far crisis has shown just how it can undermine India’s growth rate, which in turn likely to have long-term implications for economic and social developments in the country