The fantastic face of the Indian economy even with the frowns of a global recession
By: preeti somani on Monday, November 03, 2008, 10:20:25 AM
4 Reponses

Time has taken quite a unique variation financially and also economically in a global manner. Things such as inflation and recession have suddenly and also quite reluctantly (on the part of the people living this world) assumed a global level of importance. Most of the developed nations and also the developing nations are endearing the brunt of this 'global economic crisis' and India too has faced some problems.

However, anyone with a sane mind is able to understand that the Sun is bound to rise after a dark and a murky night, and hence, the effects are also now ceasing with respect to their effect on the economies of most of the nations. The Indian economy too, has seen the storm with a pleasant smile and hence, the result is the consistent improvement in the overall economy of the Indian economy. The problem which was born with the acquisition of well known banks of the United States of America.

Therefore, many facets have been given a jolt but this one is perhaps quite a manageable one as can be seen by the positive changes that have taken place. Hence, the stock market illustrated the character of a sine curve with mammoth drops and now significant rise again. The month of October has started to see a positive change in the sense that the BSE Sensex closed at a figure of 9044.51 as of 29th October, 2008 and the change (on the rise) in terms of percentage has been 0.40 percent. Inflation has also been an entity which has reduced to about 10.68 percent for the week (which ended on October 18th) from the earlier figure of about 11.07 percent in the previous week.

One of the wonderful facts of the Indian financial scenario is that the Indian financial system is vested with an ability to remain immune from the disastrous effects that have taken place in a global manner. Furthermore, the improved scenario is further evident from the fact that RBI (in its annual policy statement for 2008-09) has announced an enhancement in banking house loan limits from Rs. 2 million to Rs. 3 million even after being aware of the global financial crisis.

Therefore, the fact remains that despite the economical problems which are taking place all over the world in most of the countries, India still remains as one country which has managed to remain relatively in a better position and hence and this is quite a wonderful feeling for the Indians and investors investing in India.


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1 .  surinder Says:

Monday, November 17, 2008 , 02:58:22 PM
am interested in preparing a thesis on the emerging economic scenario. shall welcome inputs.


2 .  shruti Says:

Monday, November 17, 2008 , 02:57:59 PM
hi

3 .  mohit Says:

Monday, November 17, 2008 , 02:57:50 PM
hi

4 .  Raghu Nandan Says:

Tuesday, November 04, 2008 , 03:24:20 PM
I don't think that India has remained aloof from this ongoing global crisis. The situation, although seems to improve but the truth is that bad spells of omen still hover the indian economy. Banks are not in favor of offering loans despite cuts in CRR and SLR because they fear that there is still worse which is going to happen like bankruptcy. So the banks are maintaining enough reserves to fight with crisis.

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