Financial Crisis hit in US - Is India taking it seriously or will India face the same

[pahuja.chirag]

definitely India is getting effected. The FIIs have taken out 9 billion dollars of investment from India. Our banks also had exposure to the subprime crisis. e.g. ICICI Bank had an exposure of 80 million dollars in Lehman Brothers. The financial crisis is affecting the whole world. Ofcourse India is taking it seriously. RBI has inclrased CRR and SLR to control the flow of money in the economy.

As far as solution is concerned, when there are big mothers and fathers of economy sitting over there cannit find out a solution then how can we just freshers in the field can find a solution to the problem............

[sandeepdhulap]

india will also suffer the same because there is lot of foreign invetment fund in india market

[Jonna]

most of d article says dat 'india wont b affected'

india wont b affected directly bt indirectly its gonna gt affected

most of d company dat outsource india wid IT-proj r going down

so naturally...d IT-sector of india is gonna gt affected

dese dayz IT is considered as d most handsomely paid job

if dat goes dwn d other sectors 2 may gt affected in terms of their pay pack

idia has 2 take dis crisis seriously in order 2 save ourselves frm d possible repeat of gr8 depression ^_^

[Jonna]

a effect has already started taking place
rediff.com: Meltdown: Thousands of jobs to go globally!

i doubt if india wud b spared

[mas]

i dont think India will be affected by the financial crisis hit in U.S...

[crashoverride9x]

yes india is taking action otherwise it would had been quite a different scenario by now.

[Nilesh shetty]

I dont think india will be affected too much because our Financial system id fundamentally very strong.

[ritika malhotra]

indian stock market hv not seen much downfall coz of global financial crises.......thats wht i think.....i guss coz india is not much expose to foreign insitutions...like wamu etc....
yaa it hv gr88 impact in realestate.....as also layman hv invested in gud amt with big names like dlf.....and other properties.......surely impact on retail sector(malls) can be seen in near future........
it hv also effected bpo amd kpo apart from banking and it sector......

[vinaikk]

India should increase FDI to 74% in most of the sectors and keep FII to minimum.

[prashantp81]

Indias placement and employment opportunities are truly affected