Road to recovery of Indian economy littered with many trouble spots

Indian economy has probably crossed the stage when fi nancial engineering could have worked to revive growth. The latest issue of the Reserve Bank of India’s annual report points to quite a few hurdles, which need to be crossed for the nation be on a sustained economic growth curve.

Indian savings, the cornerstone of investments, have cracked and that is reflected in investments. With banks remaining the key financial intermediary between the savers and entrepreneurs who build projects, bank deposits have to grow if at all investments have to happen.

While the state of the power industry is well known, investments in roads and railways also lag behind substantially. The many trouble spots of the Indian economy in graphic detail.