ECONOMIC ANALYSIS OF INDIA The Indian economy is the tenth largest in the world in terms of nominal gross domestic product and the third largest in terms of PPP. India grew over 9% in 2005. -2008 fell to 6.7% in 2008-2009 due to global financial crisis of fiscal and monetary space but with time the economy returned to growth of 8.4% in 2010-11. The slowdown in the Indian economy has started again. in 2011-12, when the growth rate fell to 6.70 per cent from the level of 8 per cent. The growth is between 5.30 and 5.50 percent in 2012-13. The slowdown is not limited to India, but is also seen across the global economy. Effect on the world The growth rate of developed economies fell from 3.0% in 2010 to 1.3% in 2012. Emerging economies slowed during this period. this particular period due to the slowdown in export markets. China's growth fell from 10.4% in 2010 to 7.8% in 2012. Brazil's growth declined from 7.5% in 2010 to 1.5% in 2012. (http://businesstoday. intoday.in/bt500/sector-wise-analysis.jsp )Economic Survey for the year 2014Gross domestic product will increase up to 6.7% in 2014 and with the advance warning about inflation and high account deficit current will be concerns this year. The study indicates the positive impact on the recovery of the global economy and many government policies include measures to open up foreign investment in various sectors such as retail and pharmaceuticals, as well as others. This study indicates that India is on track to meet its fiscal deficit target of 5.3% of gross domestic product and reduce it to 4.8% of gross domestic product next year, i.e. i.e. 2015. This study recommends further reducing imports, mainly of gold. and reduce India's current account deficit, which stood at 4.2% of GDP in 2013 and is expected to be at a similar level in 2014. More foreign direct investment in retail and other sectors will be allowed, which could help the sectors with the introduction of new technologies and improved infrastructure in the country.Gross Domestic ProductIndia's gross domestic product was worth US$ 1,841.70 billion in 2012. GDP of India represents 2.97% of the world economy. India's gross domestic product averaged about $485.65 billion from 1970 to 2012, reaching a record high of $485.65 billion. 1872.