The changes anticipated in Global scenario need not upset India's calculations. The inflows increases if any can be utilized to set off the heavy borrowings resorted to by the private sector in the background of favourable interest rate scenario in overseas market and reluctance of domestic banks to expand credit and reduce the interest rate. Any change in international scenario is an opportunity for this economy provided, the policies are made flexible, transparent,result oriented and both the RBI and the government are on the same page in their thoughts and actions. India has great opportunities ahead in the context of reducing trend in international prices of oil, less than impressive performance expected from Brazil, China, Russia and south Africa, better prospects of growth envisaged in US and European Economies which can give a boost to our exports etc. The confidence level in the economy under the new government has been increasing day by day and as expected, if the over all governance standards get improved, the performance of the the presntly non performing PSUs and PSBs can definitely improve considerably to give a boost to domestic investment, consumption, employment etc. In fact the time is most opportune for the Indian Economy to show its mettle and perform.
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