Slowdown / Recession in India?

On first look my question seem to be in general, and anyone can list out many points, still I think I have not received/able to co-relate the answer of question since 2008 – Is there is slowdown/recession in India?

I am observing since 2008, though few Scandinavian/US companies has shut down/reduced its operation here, but in actual sense I don’t see recession/slow down in India. Personally I don’t feel/see any slow down effect either it is real estate or consumer market in general, you go to any shop/mall/old market place/restaurant etc do you feel slow down?

I would like to understand from different view/angles what you people think about it? I am with this forum since long, but registering today, and this is my 1st post.