This report provides a comprehensive analysis of the Indian economy's macroeconomic turnaround, examining key indicators and trends from 1990/91 to 2015/16. It explores the growth in GDP, the evolution of the fiscal deficit, and the vulnerabilities of the external sector. The report assesses growth sustainability across the service, agriculture, and industrial sectors, highlighting challenges and opportunities. Furthermore, it delves into financial stability, the role of the banking industry, and the importance of fiscal prudence. The analysis includes an evaluation of the Indian economy's attractiveness to foreign investors, considering employment, inflation, and industry dynamics, and concludes with an assessment of the lessons learned and future prospects. The report also discusses challenges on the demand and supply sides for different sectors.
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