Economic Recession In India : A net based Commentary

Jul 8th, 2015
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Economic recession and its role in Global economic meltdown has affected almost all countries. Strongest of American, European and Japanese companies are facing severe crisis of liquidity and credit. India is not insulated, either. However, India’s cautious approach towards reforms has saved it from possibly disastrous implications.

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Economic Recession In India : A net based CommentaryWhat the Issue is all About?Economic recession and its role in Global economic meltdown has affectedalmost all countries. Strongest of American, European and Japanese companies are facingsevere crisis of liquidity and credit. India is not insulated, either. However, Indias cautiousapproach towards reforms has saved it from possibly disastrous implications. The truth is,Indian economy is also facing a kind of slowdown. The prime reason being, world tradedoes not functions in isolation. All the economies are interlinked to each other and anymajor fluctuation in trade balance and economic conditions causes numerous problems forall other economies.The world economic slowdown which had its epicenter in the developedeconomies has now found its way into the developing economies also, which didnt have anysubstantial exposure to the toxic assets(CDO) which triggered the entire crises. I hadstrongly believed that India would be immune to this economic meltdown as our banks werenot exposed to the sub prime mortgage assets and moreover there was the vibrant domesticmarket which would compensate for the declining global demand. But now as we see thedecoupling theory failing ,our growth rates revised downwards ,industrial growth ratesdropping investor and consumer confidence at their abysmal levels, credit becoming costlierand hoards of monetary and fiscal measures initiated by the government that India also hasto

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