Global economy is going through a very difficult phase there are some countries which are reviving from the 2008-09 crisis and few are still struggling. The World Bank and IMF have projected that in 2015-16 India will grow at a rate of more than 6% which seems quite possible. Except two countries India and China rest of the major economies are struggling. If we talk about Russia there heavy dependence on oil and defence is making them weak due to decline in oil prices. Japan has lost their growth potential and Brazil is not catching the speed as expected. USA has showed the sign of recovery but can not call it strong recovery. If India is growing at a respectable rate but other countries should also grow otherwise we can not sustain this growth rate because our economy is heavily dependent on exports to these countries.
To maintain this above six percent growth globally we should see the sign of strong recovery.
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