India's economy is still expanding, but growth is slowing.
Gallon of gas $4.06
Interest Rates 5.5%
Challenges In the last two months of 2008 and first month of 2009, the Indian economy expanded, but yielded the slowest growth in more than five years. Rescue options are limited with soaring inflation, an escalating budget deficit and a mounting liquidity crisis.
Solutions The central bank lent $37.4 billion to financial institutions in October in an effort to boost credit. In December, the government unveiled an $8 billion stimulus package that includes tax cuts, small business spending and a program to help troubled homeowners.
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Sources: IMF, national statistics offices, central banks, national stock exchange, AIRINC