In world economy, Indian economy is keenly watched. Indian economy has been witnessing a phenomenal growth since the last decade and is considered as a success story. The economy has registered an average growth rate of more than 7 per cent since 1997, reducing poverty by about 10 per cent. India achieved 9.6 per cent GDP growth in 2006, 9.0 per cent in 2007, and 6.6 per cent in 2008. The country is still holding its ground in the midst of the current global financial crisis. It is the second fastest growing economy in the world after China. India is the fourth largest economy in terms of Purchase Power Parity and the tenth most industrialized country in the world. Major initiatives such as industrial decontrol, simplification of investment procedures, enactment of competition law, liberalization of trade policy, full commitment to safeguarding intellectual property rights, financial sector reforms, liberalization of exchange regulations etc., have been taken, which provide a liberal, attractive, and investor friendly investment climate.

A number of leading indicators published in different media indicate that the Indian economy has successfully fought against global downturn and highlight the Indian economy's resilience.