Although several indicators show that India’s situation is not among the worst, many sectors have declined due to the downturn in the global economy while others have not been able to regain or maintain their growth trends. Thus, for instance, there has been drastically reduced growth in personal and consumer loans and industrial production.
Inflation, increasing unemployment and decline in foreign institutional investment are some additional impacts. The Government must find a balance between economic reforms to stimulate growth and the necessary relief for 250 million Indians living in extreme poverty. Social Watch India, 'Himanshu Jha'