Allocation of financial resources to industrial sector by the central government budget
Answers
India is currently on its path to become an open market economy.
During the 1990s that the national administration thought to start the process of economic liberalization by taking steps i.e. industrial deregulation, reducing controls on foreign investment and trade and privatizing state held organizations.
In 2010 when the global economic meltdown was at critical stage India was among the stronger performers with a inflation rate more than 8 percent in true terms.
This was fueled initially by strong domestic demand.
Though India's economic increasing has slowed down due to factors such as high interest and inflation rates and lack of economic reforms.
Global prices of crude oil had increased.
Indian economy has also been affected by corruption in 2011 as continued problems have hampered effective application of reforms.