Contours of Indian economy •  The Indian economy has been growing at an average annual growth rate of nearly 6 per cent since the 1980s, and at over 8 per cent during the last three years. A Draft Approach Paper to the Eleventh Five Year Plan (2007-08 to 2011-12) suggests that the economy can grow between 8 and 9 per cent per year.
•  India has also shown considerable resilience during the recent years and avoided adverse contagion impact of several shocks. •  The inflation rate has been low and stable since the mid-1990s moderating to around 5 per cent per annum.