In particular, let me explain these by focusing on three questions that I have received often recently: how long the global economic slowdown will continue; whether it will affect domestic demand; and the degree of the consumption tax hike's impact. I. Financial and Economic Developments I will start by talking about developments in the global economy.
Therefore, the focus of my talk today is on the recent macroeconomic performance of the Indian economy. As you know the Indian economy experienced an acceleration in growth in the early 2000s which was dented by the global financial crisis, particularly after the collapse of Lehman Brothers in September 2008.