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

[Kuldeep Singh]

There is no doubt in the fact that Indian economy has been impacted by recent global recession..the recent downfall in Sensex, ICICI crisis, removal of staff by Jet airways and ASSOCHAM report indicating that upto 25% of jobs can be shelved are all indicators of the same.
However despite downturn our fundamentals are strong and Indian economy is not heading towards doom.

[vats0483]

well Indian market are very different from west, the crisis west is facing is due to the fall of sentiments of Investor's but in case of India the market is not as mature as west the crisis in India are due to the reduction of FII's, the fall in exports to US. Yes, it is right to say that all these reasons arouse from crash of markets in west the only solution lies in reduction of CRR by RBI and in long term India should try and diversify its sources of funds and export markets

[kevinalrich2]

Financial Crisis may be US has time again realised the problem & would work towards a win win situation which would better mine the economy of all

[mastersofmba]

The impact of financial crisis on India is marginal only and not substantial.

Master

[khaitansaket]

india is definetly in a better postion because of various govt regulations and sense

[madronny]

We are not feeling the crisis.We are gng to see margin shriking in IT companies in the short term but they can manage and will come out of it soon.So we need to be cautious on our future step than worrying too much on what happened in the past.We are gng to see some blip in the FII side but our domestic investments will counter tat.

[venkatesh.basi]

I believe India is currently facing a big problem regarding this. Just think about the effected employee status. Its pathetic. Recently I have visited a great site where you can feel cool AngstCorner.com - Angst Punch

[sg2004slg]

goods stuff goods stuff goods stuff goods stuff goods stuff goods stuff goods stuff goods stuff goods stuff goods stuff

[venkatesh.basi]

Yes.. its a pathetic situation for employees. Visit the Angstcorner, where you can feel cool

[nassysab]

India has to take it seriously as all the talk of decoupling etc is just that - a talk. Financial health of most economies still depends on the health of US and India is no stranger to that. If US sneezes, others catch cold. Thats a fact that Indians need to understand and plan out the next year or two accordingly. Cheers!