Improved economic growth

World Bank predicts in its "Global Economic Prospects" report that India's economy will grow at 7.5% in the fiscal year beginning April 1 2010.

Reporting on the figures, Hans Timmer, director of the World Bank's Development Prospectus Group said, "India has weathered the global crisis relatively well", recovery has principally been attributed to skillful macroeconomic management.

India Inc on a recruitment drive

International recruitment firm Antal established in their quarterly global survey - 6,000 firms in 30 countries - that 71% of Indian companies surveyed are hiring. This compares to around 50% in September last year.

Commenting on the figures, Managing Partner Joseph Devasia said, "confidence is back at its peak in the Indian job markets, its happy days again for job seekers".

M&A activity expected to pick up

Indian firms made US$ 22.6 billion of overseas acquisitions in 2007, outbound M&A last year was just US$ 1.3 billion. With Indian companies looking in comparatively good health and prices more realistic, India is expected to bounce back.

Vedika Bhandarkar of JP Morgan is cautiously optimistic, "At least conversations have started. How many of these turn into transactions is unclear"

Indian service and manufacturing sectors recover

India's service sector - that includes India's software services outsourcing industry - is growing at its fastest rate in 16 months. The HSBC India Services Purchasing Managers Index hit 59.0 in January, its highest since September 2008

In addition, India's exports rose for the second straight month and manufacturing grew at the fastest pace in more than 12 months.

Key decisions yet to be made

While these results prove how robust India's economy has become, governments microeconomic management skills will be tested again on 26th February, the likely date of this years budget.

Reserve Bank of India have suggested that government withdraw some stimulus measures, the business community feel this is premature.