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Reason for India slipped down with 3 ranks to 59th position by World Economic Forum

During recent times, India is passing through one of its worst economic crisis having to deal with problems like, low growth, high inflation, high fiscal deficit and the highest ever trade account deficit. In fact, Standard and Poor rating 2011-12 has downgraded the rating for Indian economy from "Stable" to "Negative" In such a situation, occurrence of a drought will mean dooms day for Indian Economy and will push India further into a quagmire.

Isha Roy