Global Economic Recession.... :(

[FEVIN-RAJ 61]

Guys ...

The Effects of Global Economic Recession has been started in India also

Pls share your thoughts ... so that, it would be helpful for many guys who are running own business ...

Fevin

[kshah 452]

Agreed, people in business will be probably more affected than one in job. As per my belief, this slow down is because of fear, this is not real for India.

Last year Indian domestic saving has increased by 6% (From 23% to 29%) hence lesser money flow. Now this change in saving pattern is due to fear created because of global report. Else India has good monsoons since last 15 years (THis year it was about 90-95%) means no fear of reduced money flow.

Anyway, perhaps one way to beat this slow down or may be recession is "BE INDIAN BYE INDIAN" because if you buy Indian stuff (As far as available) even if it is little expensive or even if we have to sacrifice little bit of quality.

Never buy spurious cheap, illegally imported stuff, even if it is at throw away price (As long as one can afford)

No need to be extravagant, but no need to be so insecure that one think of savings only. Spend judiciously, try to give business to people who are smaller, as money flow from DOWN TO UP, money always flows in upward direction.

THESE ARE MY THOUGHTS

DON'T LOOK AT STOCK MARKETS, ITS NOT INDICATOR OF ECONOMY.

Edited November 18, 2008 by kshah

[Arun 795]

I believe India still have strong fundamentals. India is being impacted by the recession in developed countries, mainly US as the saying goes like... "When US sneezes, India catches cold". Things should get better when the situation in countries like US improves. Since recession happens in cycles, things will definitely get better, however it may take a few years to settle down.

[kshah 452]

Perhaps because we have adopted "EXPORT ORIENTED GROWTH RATHER THAN GROWTH ORIENTED EXPORTS"

[Asit 4]

Anyway, perhaps one way to beat this slow down or may be recession is "BE INDIAN BYE INDIAN" because if you buy Indian stuff (As far as available) even if it is little expensive or even if we have to sacrifice little bit of quality.

Never buy spurious cheap, illegally imported stuff, even if it is at throw away price (As long as one can afford)

Moral of the story : Don't buy imported handsets (like Treo or Mogul). Just use our LG or NOKIA - only low end handsets.

Edited November 18, 2008 by Asit

[ssr 10]

Anyway, perhaps one way to beat this slow down or may be recession is "BE INDIAN BYE INDIAN" because if you buy Indian stuff (As far as available) even if it is little expensive or even if we have to sacrifice little bit of quality.

Never buy spurious cheap, illegally imported stuff, even if it is at throw away price (As long as one can afford)

Moral of the story : Don't buy imported handsets (like Treo or Mogul). Just use our LG or NOKIA - only low end handsets.

or only buy them from Sadik 

I believe this is going to affect for the ppl who are directly or indirectly making business/investing with affected forien companies.

Edited November 18, 2008 by ss_rakesh

[@ksh@T 20]

but since i deal in industrial gases, serves some of the biggest MNC's and Indian MNC's the bussiness has really gone down . . . the jewellery industry has suffered a lot . . . . the steel industry has suffered a lot . . . . the automotive sector has suffered a lot . . . . in the end i just wanna say that the impact will be coming in a few days from now . . .

[dkaile 1,051]

best time to invest in shares for long term...

[Honest 836]

Anyway, perhaps one way to beat this slow down or may be recession is "BE INDIAN BYE INDIAN" because if you buy Indian stuff (As far as available) even if it is little expensive or even if we have to sacrifice little bit of quality.

Never buy spurious cheap, illegally imported stuff, even if it is at throw away price (As long as one can afford)

Moral of the story : Don't buy imported handsets (like Treo or Mogul). Just use our LG or NOKIA - only low end handsets.

[FEVIN-RAJ 61]

let's giv little space to the working class also

globaly most of the companies are making PINK SLIPs to 30% of their employees

How far safe our jobs in info-tec services ?

and also the future of Telecom industry?

[kshah 452]

Anyway, perhaps one way to beat this slow down or may be recession is "BE INDIAN BYE INDIAN" because if you buy Indian stuff (As far as available) even if it is little expensive or even if we have to sacrifice little bit of quality.

Never buy spurious cheap, illegally imported stuff, even if it is at throw away price (As long as one can afford)

Moral of the story : Don't buy imported handsets (like Treo or Mogul). Just use our LG or NOKIA - only low end handsets.

[Mufaddal 678]

oh i missed the fun ....

( i hate my net connection).......

well i also go with dhiraj this is the best time to invest in shares .....

[kshah 452]

Abhi to SHER BAKRI ho gaya hai.

[Mufaddal 678]

Abhi to SHER BAKRI ho gaya hai

.....good one kalpakji

[manishag 17]

and what do you think that when market will start stablizing

[Arun 795]

No one can really tell that as the negative news can come out of anywhere anytime. As long as the negative news keep coming in, it is going to be longer and longer. Many analysts are looking beyond 2010 for things to settle down.

[kshah 452]

and what do you think that when market will start stablizing

Who cares?

[Mufaddal 678]

same here i give a dam when market will stabilize......let the corporates think about that .......i have more serious issues to deal with

[Greatest 55]

I think this correction in the mkt was required and was gonna happen one day..!! The mkts look stabilised as of now... Today also the mkts fell 160pts...

[Arun 795]

Yeah, it does feel a lot better investing at 8k levels rather than buying at 21k levels!

[Arun 795]

and what do you think that when market will start stablizing

Who cares?

Investors who have bought stocks during good times and still hold them do.

[Arun 795]

let's giv little space to the working class also

globaly most of the companies are making PINK SLIPs to 30% of their employees

How far safe our jobs in info-tec services ?

and also the future of Telecom industry?

Everyone will feel the pinch, especially any industry that depends on export since the demand will go down due to the economic slowdown. Other industries will get affected as well since consumer spending will go down. Certainly jobs are at stake and one would be lucky to get away with salary cuts instead. BPOs have started reporting lower attrition rates now.

[Sadikk 301]

Well we haven't yet seen any impact of recession on Retail market or end users. ( Its all fear)

It is only showing through Equity markets. basically share market takes the heat very early than economic. (as its News and speculation based)

In my view Global recession or slowdown is not by cycle, this time its huge internal corruption by So called Federal Reserves. Read (Jews Lobby) ( Lehhmann Bro was Jews)

When they pass 700 B $ Package only Federal reserve got the whole benefit. (10$ of us citizen become 7$ in value)

Indian are too emotional hence Equity market reacted so fast that we feel we are going to doomed. even now due to Emotional fear and greed we are not finding any bottom.

Indias growth story is moderate, it will keep growing moderately till next 15 years ( 30% of Indian population is between 25 to 30 of age) this age takes risks and risks get rewards.

I hate indian Netas for their vote bank politics, dividing us on name of religion. this things have to be stopped if we want real development, The orrissa issue, Kashmir issue, Blasts for votes, riots and corruption.

If somehow we manage and elect government which fears of Indian citizens, we have a chance of becoming Super power within 5 years from now.

Its my personal opinion.

[Mufaddal 678]

f somehow we manage and elect government which fears of Indian citizens, we have a chance of becoming Super power within 5 years from now.

bro v indians r the best of the best ......v have a lot of potential it is only this politics letting us down .....education is a main key in our develpoment....majority of our janata is uneducated thanks to our stupid illiterate politicians

Edited November 20, 2008 by mufaddal_km

[santhoshavanoor 7]

Dear Friends,

It will not affect India as same as US, but now we indians should want to think that whether we need to follow westeners. Now westerners are following Indian's traditions, family relations, cultures etc. But almost Indians are forget this and they follow westerner's culture. Most of this happens because of IT Techies over confidence and over expenditures. Because of that They TECHIES now facing the Global crisis as job cutting, reduction of salary, get together, etc.

Recently I read an article about these Techies in Bangalore in Grihalakshmi, a malayalam magazine. I feel ashamed about them. Without any hesitation, they are spending money without looking their earnings, taking credit and loans from banks etc. The same happened in US also. Thats the main reason for the Global Financial Crisis.

Spend less than what we earn. that is my policy. I'm not blaming all Techies; there is more groups involved like NRI,s business man etc.

Why our government not reducing the price of fuel? If they reduce the fuel price, then food prices also will go down. then GDP will increase.

Here is the link about IT Techies. But I'm sorry it is in malayalam Language...

Note: I'm not blaming all Techies....

Visit to the Website

Edited November 20, 2008 by santhoshavanoor