There has been little news to cheer about the major economies of the world since the last

year or so. The process of global economic recovery that was however m uch talked after the recessionary crisis of 2008 has also lost steam. In the mea nwhile the sovereign debt crisis in the Eurozone countries has emerged as dampen er to economy. Efforts are indeed going on for damage control. Also there are at tempts of keeping the world aloof from its effects. Of late, the US economy has shown some improvement but without any substantial s igns of economic growth. However, the U.S. economy appears to have stuck its nec k out of the economic mess and is maintaining a growth rate of 1.8 per cent at p resent. As per IMF report the global economy will grow by 3.3 per cent in the ye ar 2012, which is significantly low than 3.8 per cent of the year 2011. GDP grow th of advanced economy has declined to 1.2 per cent for 2012 as compared to 1.6 per cent for 2011 whereas it was 3.2 per cent for 2010. Growth in the emerging economies is also under strain and is steeply sliding fro m 7.3 to 6.2 to 5.4 per cent in the successive years from 2010 to 2012. Despite several fiscal and monetary corrective policies, US economy remains sluggish and Eurozone is expected to shrink further by 0.5 per cent. In this scenario, the India story is still bright and shining, particularly, aft er arriving on the global economic scene after a decade long sustained growth. A ctually the reversal of Indian economy from low growth to high growth took place in 1980s. Thereafter came the economic reforms in the early 1990s which took In dia on a fast forward track and made it a major global player. And the last 10 y ears have seen the phenomenal growth. India saw unprecedented rise in its foreig n exchange reserve. What used to be around $5 billion shot up to about $300 bill ion. Indian businesses turned into multinationals. Indian companies began taking over foreign companies. Suddenly, Indian companies were investing all over the world and even in some industrialized countries. People of the advanced nations were being hired by Indian firms. India became the big story of the last decade and rose on the global scene. To register for Indopac Summit 2012 click http://h pe.asia/register.html Here is an opportunity for India Inc. to participate in Indopac Summit 2012 taki ng place on 2nd and 3rd October in New Delhi and explore the opportunities prese nt in India. Many persons of great standing in the field of economy, financial w orld and politics would enlighten how to capitalize the potential that India and the other Asia Pacific countries present. A rare occasion for corporate world a nd investors must not be missed. To read more articles click http://hpe.asia/blo g/ Like our page on Facebook https://www.facebook.com/IndopacSummit2012?ref=hl Follow us on Twitter https://twitter.com/Indopac2012 Venue -: The Taj Hotel, 1, Mansingh Road, New Delhi. 110011 Contact Mr. Sanjeev Kalia +91-9811420446