... seen a meltdown and the South American economies too were facing crisis. India began to emerge as a powerful player in the world stage with the onset of IT. Today most IT firms have significant presence in India, doing research, design, development, operating call-centres, doing back-office operations etc. This assignment will explore the past performance of the Indian economy, examine and analyse ways to increase its growth rate and debate the pros and cons of such measures. It will look at different theories like PPF and look at factors like inflation, interest rates, and deficit, GDP etc. India being a large country (refer annexure 1) with over a billion people is not easy to manage for a finance minister. The size and diversity of the country makes his job more comparable to that of finance minister for the EU. India has all the resources it can ask for, like minerals for mining, ...

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