The Indian economy has been the second fastest growing economy in the world in the year 2009, only after China. The strong domestic demand coupled with a growing middle class group has helped the country to fight out the crash in exports.
Now the Indian economy is expected to accelerate the economic growth in the year 2010, as it will benefit from the US economic restructuring. And Indian Information Technology sector might well be the pivot for the country’s growth in the year 2010 also, as it would be gaining more business from US and Europe.
Exports contribute only 20% of the overall revenue, and hence it cannot be a big dragger in the year 2010.