impact of recession on india-good or bad
Post 1 of 4
impact of recession on india-good or bad
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09 Aug 2009 23:02
Post 2 of 4
A recession has the effect of weeding out inefficiencies from the economy. Thus, in the short term, the country/region becomes more competitive.
As far as the long term effects are concerned, I believe the answer lies in the current G20 and other discussions around the world. As a result of the current recession, one of the things that has come to the fore is that the Indian economy has not been affected as greatly as other economies. The Indian economy grew at a healthy 6 - 6.5% in spite of not receiving the huge stimuli that other economies received. This has been noticed by the world at large. Thus, in the long term, India will attract even greater investments and become stronger economically.
As far as the long term effects are concerned, I believe the answer lies in the current G20 and other discussions around the world. As a result of the current recession, one of the things that has come to the fore is that the Indian economy has not been affected as greatly as other economies. The Indian economy grew at a healthy 6 - 6.5% in spite of not receiving the huge stimuli that other economies received. This has been noticed by the world at large. Thus, in the long term, India will attract even greater investments and become stronger economically.
28 Sep 2009 20:35
Post 4 of 4
It is in both way, some sector bad, some sector ok..
02 Oct 2009 23:34
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