India Economic Summit 2008

The 24th India Economic Summit, under the themeSecuring India's Future Growth, took place in a context of global uncertainty. At the outset of theSummit, the impact of the global financial crisis had experts correcting growth forecasts for 2008-2009 to less than 8% as the current account deficit widened and exports began to fall. This represented a stark contrast from the simple average growth rate of 9.2% over the last three years. Notwithstanding the global and domestic challenges,even these lower forecasts place India among theworld’s fastest growing economies. India's vast domestic consumer market and large pool of highly skilled talent speak to the country's tremendous potential to weather changing realities.