The term recession entails widespread decline in the GDP and employment and trade lasting from six months to a year. And as the cliche goes, whenever the US sneezes, the world catches a cold. This is evident from the way the Indian markets crashed taking a cue from a probable recession in the US and a global economic slowdown.
US recession to India
“Growth opportunities exist…but there’s a need to develop asset management expertise to help evolve industry’s focus to profitability.”
-Sean Williams, Interim Head, Morgan Stanley Realty India
Due to the downfall of Major banks in the US (after the Subprime market collapse), the hands that provided monetary funding were compelled to evoke monetary funds for themselves. And as far as India’s GDP is concerned, Citigroup and Morgan Stanley have lowered India’s growth projection to 6.8-6.7% from 7-7.2%for 2008-09 due to slowdown in consumption and investment. Read the rest of this entry »






In recent days i gained more than 60000+ alexa rank (
My Comment on Labnol’s Blog 
