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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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?