If recent numbers about the state of the Indian economy are any indication, then all is not well. Growth of Indian economy slowed down to 5.3% in the third quarter of 2012, a nine-year low. Savings are falling, and so is investment. In September, the index of industrial production (IIP) fell by 0.4% from a year earlier. Exports fell for the sixth months in row, taking the October trade deficit to a 12-month high. In November, foreign exchange reserves dipped to $293.6 billion, down by $20.32 billion compared to a year earlier.

Source - http://www.financialexpress.com