• Dr Malini Pande

The current state of Indian economy leaves a lot to be desired with below 5% growth in GDP and the threat of high current account deficit coupled with the high fiscal deficit. The policy debate centers around the reversal of tight monetary policy by reducing the policy rate or repo rate of Reserve Bank of India (RBI) to stimulate growth and credible fiscal consolidation by reducing the fiscal deficit. The new government should focus on reviving economic growth, reducing inflation, growth of manufacturing sector and reducing revenue deficit. To stimulate economic growth India needs investment in productive physical assets, speeding up of infrastructure projects, economic reforms and last but not the least tackling the menace of corruption which paralyses the economy. All is not lost. Political will and good governance is needed from the new government.

Gross Domestic Product (GDP), revenue deficit, inflation, manufacturing sector, economic growth, corruption, monetary policy

"Starting Up The Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.1, Issue 1, page no.5-7, June-2014, Available :http://www.jetir.org/papers/JETIR1401002.pdf

"Starting Up The Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.1, Issue 1, page no. pp5-7, June-2014, Available at : http://www.jetir.org/papers/JETIR1401002.pdf