Dhadkan of India

As per World Bank, Russia can overtake India as the second fastest growing economy due to slowing down of Indian economy this year.

India has recorded a GDP Growth rate of 7.9% in the first quarter of this fiscal year which is slowed in the past 3 years. The dip is mostly due to High inflation and high interest rates.

The future is also not looking very bright as Investment banks like Citigroup and Goldman Sachs have predicted India's GDP Growth rate at around 7.5 and 7.9 respectively for Financial year 08-09.

Though Government is hoping on strong domestic demand to fuel up the market and on good monsoon.