Global Economic Recession - Indian Economy
Global economic recession is one of the hot discussion among friends in my office today. As most of my friends are weak in economics all of them are wondering what exactly is happening. Most of the people like us dont have any clue what is going on the world economy and in indian economy.
In the recent days we have seen the decrese of values in india rupees. Today 1 dollar is about 48.5 rupees which is about 8 to 9 ruppes increase in about a month and a half. Most of my collegues have the opinion that the it will touch 50 rupees in the near future. Before writing this post and while talking with my friends, i also have not much idea on this point but I searched many finance related websites on internet and get the reasons behind this depreciation of Rupee against dollar. One of the reason behind this situation is increased demand for dollars due to an increase in oil prices. Many economists considers this as the prime reason.
As a result of increase in oil prices foreign exchange is flowing from India in the form of dollars. Another reason what economists suggests is that more people have sold the shares in the indian share market than they bought in the recent weeks. This has added to the fall of sensex to lower points. About 3 months back sensex was somewhere around the mark of 17000 to 18000 points. But now sensex points, the indicator of indian business and economy has fallen to 10000. This is a clear indicator that indian economy is facing problems. As a result of all these issues many companies has laid off their staffs, the number of tourists inflow to india has come down, companies has cut down compensations and perks etc, government and other private companies are reluctant in starting new ventures and starting new projects etc.
Is this economic scenario leading us to alarming situation? What do you think? Share your thoughts on this topic.
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October 17, 2008 | Filed Under simplelife
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10 Responses to “Global Economic Recession - Indian Economy”
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Hi Dude,
How did u started this blog? is this a registerd website? or any hosting site? How much it cost in India to start a website? and ow can we check the name availabilty? do we need to have our own website code running on any server?
Dear sir, Indeed it sworth reading to the very important item to be known by everyone.Unless and until every person knows what is happening around the world in all aspects and ares he/she may be incomplte specially the economic crisis prosperity plays a viatl role either for upward movement of a nation or the downward this is very simple introduction and superb in itsel
Economic recession created huge unemployment rates around the world. I think the world economy is already on the road to recovery.
the Economic recession made a lot of jobless people in my own country. We could only hope that our economy becomes strong again
Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession.
Our country had been so much affected by this Economic Recession. there are lots of job cuts and company shutdowns. We are seeing some signs of economic recovery right now and we hope that it would continue.
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I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.
the last quarter of 2009 seems promising as we have seen lots of signs of econic recovery against the massive economic recession. i hope that in 2010 all our economies would be back on track. recession really sucks.
during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal.
Our home business was really affected by the Economic recession, we have to cut jobs just to cover up our losses. fortunately, we have already recovered. *