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Currently Developed World Has Fallen Into The Trap Of Financial Crisis.what Strategy India Should Follow?
Nov
15
2009
Furthermore, this crisis is as a result of sub-prime crisis in USA.Then how it has affected other developed countries including fast developing ones like India and china? Is Indian economy really under recession period??? Can I have some logical answers for this question.
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Answer #2
The US is the largest market in the world. As the engine of the world and largest consumer market of the world, when it is in a tailspin then it affects all the other inter-related trade markets. Wasn’t India tied into the US market with massive outsourcing ? China with massive legal and illegal sales of its goods dumped on the US market? Now they are affected by the US downfall. Welcome to the Global market place. India as a free and democratic nation will recover quicker than China.
Outrider
Answer #3
hi,
effects of the US crisis:
liquidity crunch,
lower foreign investment
less business
job cuts
lower consumer demands
the impact on india is already there. further it will last another year. after 12 to 18 months market wil be strong.
all the besthttp://vbulls.com
Answer #4
India should give more importance to agricaltural sector because indian economy mainly depends on agriculture and India has a lot of LAND & HUMAN RESOURCE.
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Answer #1
This recession is going to take some time to get India into a recession. Its economic growth is too great to be effected in the next 5 years. Theres no strategy India can follow to prevent themselves from falling into the “trap”. The world is globalized too much in the 21st century if India decides to change its economic policies and changes its market system the world will suffer dramatically as will India. It’s position hasn’t been effected much at the moment anyway.