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

[nychadha]

Can some one give some good articles on this topic? news links, dedates. We need to make assignment on this topic. Thanks

[trillionaire]

Yes, India has taken things seriously as we know that India is insulated from the global economic crises to at least some extent thanks to the policy makers of India.

[pradhankasturi]

Thanks You Very Much .......................

[pratham.sharma]

the problem with the economy is humongous,stocks are falling precariously and as they rightly say the word is globalization ,whether agreed or not INDIA will be affected.

[rahultikku]

i dont think INDIA is going to get affected from the ongoing US financial crisis. Thats because :

1. India isn't a capitalistic economy like US where the sole aim of govt and pvt companies is PROFIT MAXIMIZATION which according to me is the sole reason for this crisis.
2. The exposure of the Indian companies is very less in these US investment banks. Like SBI has only exposure of USD 50 million in Lehman Bros. from its USD 250 billion portfolio worldwide.

[neetusingh]

yes indeed the government is taking steps

[neetusingh]

banks hav also become cautious ad are trying to maintain liquidity

[paprejavikas]

[COLOR="DarkRed"]india is suffering from financial crisis too. sansex falls below 9000 mark inflation is at record high. value of ruppee going down by breaking all the previous records.

[azeemi]

hi all,
i am new in forum in my thinking if banks are stable so economy also stable..
check this news.

"New Delhi, Oct 20: Prime Minister Manmohan Singh on Monday assured depositors about the health of the Indian banking system, saying there should be no fear of failure of any bank".

more here: zeenews. com/articles.asp?aid=477545&sid=BUS (ony remove space)

thanks

[shah_punil]

Hi Friends,
Its not only India that is takin matters seriously,,, but the entire universe is....n the reason is the over dependent on US Economy....i'm sure this will be a great learning lession for these countries including India & & the later shhd now impose some regulations on movements of FIIs.....f*** off the dollars now & let other currencies emerge.....Now since the scenario exisits....wht to do?............my simple one word answer for the countries/businessess would be "sustainence"....yes dont try to be fearful or overpower the impact...cld land upside/down....just try to sustain the current conditions for few months...i'm sure the rise wld be gr8 in gud times ahead...

Cheers.......