Worst ever disaster the world is facing!!? May be?!!
From what I have heard from most reliable sourses they say the world financials are in a DISASTER!!! The current financial crisis can be termed as the 3rd World War!!
With the PM calling all Big Industrialists in a meeting and telling them not to Layoff people from companies is a clear sign of the Big Trouble coming ahead!!!With Fm giving statements everyday that our ECONOMY is reslient and so on..Is a clear indication of trouble!!
But ndia is most resilient economy to face this current economy cisis because our Culture is different...Most of developing countries run on Credi where people Buy and Pay later!!Currenlt all have Bought put not many are paying back!!This is the Credi Crisis!!
The entire world is connection due to globalization..If US retailer spendingcomes down tthen it directly affects the textile sector in India as exports get reduced!!there are plenty of such dependencies!!
When u seel that TIMES ASCENT size has been reduced drastically is one another indicator..All future Graduates will have a tough time gettin a Job in whichever Industry they are..the fancy Salairs in IT etc..ultimately there is LIMIT for everything!!
The world is definatelt in a deep crisis..The 1930 recession took 20 years to stabilize...only time will tell what is to come ahead!!!
But still i am trying to findout the rooot root cause of this crisis which has afffected the entire world as nothing is crystal clear!!..Definately there is been lots of cheating and scams that have happened that lead to this crisis!!!
Regards
Lalith Parmar
Vande Mataram
For Blood Call 1062
There is a saying "If US sneezes the entire world catches COLD"...The current financial situation which US is in will effec t the growth of not only INDIA but all emerging economies.
LIQUIDITY which was available easily in the system few months back is crunched.hence big PROJECTS will not have funds available.With Interest rates being hiked,Inflation high, the common man will struggle and definately things will slowdown.The entire world will have tough 18 months ahead!!!1
There is lot more to this..I shall update the same here in time to come..
But after good growth being achived for past few years a SLOW DOWN for one or 2 years is good for the health of INDIAN Economy .
The long term INDIA GROWTH STORY is ON.