Steps Taken by the Government Starts Showing Results: GDP Shows A Growth Rate Of 5.7 Per Cent in Q1 Of 2014-15 Over the Corresponding Quarter of the Previous Year; Headline WPI Inflation Comes Down to 5.1 Per Cent in July 2014 Among Others (Ministry of Finance of the Republic of India)

(Source: Ministry of Finance of the Republic of India) When the new Government came to power around three months ago, it faced various challenges on economic front. The economic growth was showing a downward trend, the inflation was alarmingly high, unemployment rate was worrisome and corruption was touching new heights. The new government took various steps for boosting growth, controlling inflation and curbing corruption among other measures. The Union Budget 2014 was its first path breaking effort to tackle all these issues upfront. Now all these efforts have started showing results: GDP growth is showing early signs of recovery. In FY14 India's economy grew at 4.7 per cent. As per the...