Optimism wanes as crisis reaches India
http://news.bbc.co.uk/1/hi/business/7676719.stm- My view India wont be effected as US UK but there is some amount of effect on finance and housing market in india. My view is that Indian growth is domestic growth so it will be least impacted however impact will be there but not as a earthquake rather a small tremour.
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The crisis in the international economic scene is bound to have its repercussions in the State economy as well. The NRIs, the export and import-based companies and the real estate sector may suffer if the global economic meltdown continues. The NRIs will have to share the burden of measures being implemented by their host countries to ward off the crisis. The result will be a slowdown in the remittances from abroad which is likely to affect a spectrum of activities in the State. The boom in the real estate sector was driven by the money supply in the market.For more view- realtydigest.blogspot.com
Hi,
Thanks for comment :)
True I agree with you repercussions are bound to be !! lot os economy seems to below the cloud so no1 is ever to predict correctly. today's news by UK PM says that uk might head into Recession...for the first time some1 is using "R" word. I could read statements from M Singh and chidambaram that economy is bit tight in india too ..
Only hope things get better. I would say it would take a year or two to be back to normal.
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