2Dear Senior
This is with regard to fluctuation of business crises had happen all around the world. Since the sudden recession has occurred the financial Institutions such as banks, financial reservetory, and stock market.
Moreover, Day by day the peoples are worry about their work environment because of global recission. This might reflect into all the business Institution as well.
When global market is severely affected then the business is slowly cut off their manpower. (I.e I hope, people might have heard about the termination process is goes into all the business groups in USA & INDIA.)
According to the above statement, totally 10, 00,000 Peoples had been lose their jobs at present and moreover we can’t say at right now that it can be cured in a next couple of months.
There is a reason behind this statement; May I know what is that? My views have been given below for your reference.
I may suggest that if any company wants to hire an employee for their various positions before they think about the market and business strategy. Perhaps those who refuse those things then they will be facing a lot of troubles that which may create to decrease the business profits or lose their valuable projects.
Any comments please posted your views :icon1:
From India, Madras
sudden rise in abnormal growth has brought this situation before us... could you believe a simple example in 2005 one flat cost five lacs within next 12 months become 40 lacs.........
this is reducluaus........this was bound to happen.... oil price was jumped from US$ 50 per barrel to 147 US$ and next three months reach to 45US$ shows volatile...nature of business profiters who switching investment from one sector to another so fast pace in order to earn fast bucks for example real estate to gold, to commodity market to food grains resulting in shortage and food crises and then finally in crude oil just within 24 months brought this economic turmoil...........
From Saudi Arabia
this is reducluaus........this was bound to happen.... oil price was jumped from US$ 50 per barrel to 147 US$ and next three months reach to 45US$ shows volatile...nature of business profiters who switching investment from one sector to another so fast pace in order to earn fast bucks for example real estate to gold, to commodity market to food grains resulting in shortage and food crises and then finally in crude oil just within 24 months brought this economic turmoil...........
From Saudi Arabia
Although India has not been directly impacted by the global financial crisis, we should be cautious about the indirect knock-on effect of the global crisis. According to the GET report, over 50 million could lose their jobs by 2009 worldwide. The worst thing is that as we live in an agrarian economy where the unemployment rate is already high and 60% of the population is still dependent on agriculture, the rate of unemployment is rising further due to these worldwide lay-offs as most of the students of India go abroad for job purposes.
Going further, not only the labor market, but also the financial market, IT/ITes, export and manufacturing sectors have been affected adversely. The IT/ITes sector is the major component of India’s growth because the share in GDP given by agriculture has been taken up by the services sector in recent past.
The global meltdown is not only affecting the services sector, even the industrial sector has been affected adversely. Major projects and expansion plans are being reviewed by the corporate sector and they have started focusing on reducing costs and borrowings. The first half of the year 2009 is considered as the worst period. Despite all these problems, the biggest problem that still exists from the past is ‘Information asymmetry’. It would be fine if our Government or the members of the major corporate sector don’t know the problem or where to find the answer, but the truth is that they know both and are waiting for other countries to take steps.
The most important challenge faced by our Government during this time is to ensure a balance between inflation and growth. If our economy experiences high growth rates, it will lead to major exports from our nation which will affect our domestic market and if economy experiences a decline in the inflation rate, it will lead to major imports to our country which will affect the government budget.
Though the impact of global financial crisis on India is stronger than expected, it will be the first to recover if the Government takes correct decisions and changes the established fiscal and monetary policies. The wholesale price index and the consumer price index need to be watched. The Government should ensure continuous credit flow at a low rate of interest to the private sector and especially to small and medium enterprises for their expansion and the growth projects. Low rate of interest is not the only way of boosting the economic growth. Increase in government expenditure will stimulate the demand so that industry will produce which will effect the economic growth. The Government should also initiate measures to address the mutual funds and non-banking financial companies. They should also keep an eye on the market manipulators and the institutional speculators, as when most individual investors lose when the market falls, the institutional speculators make money when there are financial speculative transactions.
From India, Mumbai
Going further, not only the labor market, but also the financial market, IT/ITes, export and manufacturing sectors have been affected adversely. The IT/ITes sector is the major component of India’s growth because the share in GDP given by agriculture has been taken up by the services sector in recent past.
The global meltdown is not only affecting the services sector, even the industrial sector has been affected adversely. Major projects and expansion plans are being reviewed by the corporate sector and they have started focusing on reducing costs and borrowings. The first half of the year 2009 is considered as the worst period. Despite all these problems, the biggest problem that still exists from the past is ‘Information asymmetry’. It would be fine if our Government or the members of the major corporate sector don’t know the problem or where to find the answer, but the truth is that they know both and are waiting for other countries to take steps.
The most important challenge faced by our Government during this time is to ensure a balance between inflation and growth. If our economy experiences high growth rates, it will lead to major exports from our nation which will affect our domestic market and if economy experiences a decline in the inflation rate, it will lead to major imports to our country which will affect the government budget.
Though the impact of global financial crisis on India is stronger than expected, it will be the first to recover if the Government takes correct decisions and changes the established fiscal and monetary policies. The wholesale price index and the consumer price index need to be watched. The Government should ensure continuous credit flow at a low rate of interest to the private sector and especially to small and medium enterprises for their expansion and the growth projects. Low rate of interest is not the only way of boosting the economic growth. Increase in government expenditure will stimulate the demand so that industry will produce which will effect the economic growth. The Government should also initiate measures to address the mutual funds and non-banking financial companies. They should also keep an eye on the market manipulators and the institutional speculators, as when most individual investors lose when the market falls, the institutional speculators make money when there are financial speculative transactions.
From India, Mumbai
Hi all,
The law of gravity says that `anything that goes up comes down' which is true in today's downturn. This will apply to salaries too :(
Further, please note that recession - boomtime - recession is a part of business cycle. There are certain triggers that push these events - the dotcom burst in 2001, currently its the financial markets which has pushed the trigger.
It will be unfair to say that India will not be affected by the recession. We will be affected by this - we are already seeing lots of happenings around us. Real estate market has come down (most people are hoping that it could come down further) crude oil prices has come down.
The trick lies in making use of the down turn in an profitable way - ie by investing in one's learnings.
These are my 2 cents on the topic.
Thanks
Giridhar
From India, Bangalore
The law of gravity says that `anything that goes up comes down' which is true in today's downturn. This will apply to salaries too :(
Further, please note that recession - boomtime - recession is a part of business cycle. There are certain triggers that push these events - the dotcom burst in 2001, currently its the financial markets which has pushed the trigger.
It will be unfair to say that India will not be affected by the recession. We will be affected by this - we are already seeing lots of happenings around us. Real estate market has come down (most people are hoping that it could come down further) crude oil prices has come down.
The trick lies in making use of the down turn in an profitable way - ie by investing in one's learnings.
These are my 2 cents on the topic.
Thanks
Giridhar
From India, Bangalore
The terms used these days:
Global Economic downturn
Econoic Meltdown
Recession and what not...........
These are names of one single monster called economic financial manipulation through financial re-engineering.
It has been done through multiple use of money circulation for example Rs1 circulation 100 times create asset value of Rs 100 but in reality its market value and worth is Rs 1. But this funda and MBA knowledge has applied in financial and Banking institutes for financing most of projects and that assets has been mortguaged many times from one financial institutes & bankers to another by adding their own re-valuation of asset depending on the economic indicators world wide as well as busines projections with anticipation of HUGE MARKET DEMAND which never exist......
Now world has to wait for deflation and devaluation of currency and real economy size as per the real value of the assets which was ficticiously inflated 1000 to 4000 times of its origional value.
This will take next three to five years as volume of total global financial turmoil is huge money will reach to its home town and owner to gain further its strength. THis means Western Countries will squeze all money from world circulation specially from emerging markets like China and India........
Until then we have to wait.
Badlu
From Saudi Arabia
Global Economic downturn
Econoic Meltdown
Recession and what not...........
These are names of one single monster called economic financial manipulation through financial re-engineering.
It has been done through multiple use of money circulation for example Rs1 circulation 100 times create asset value of Rs 100 but in reality its market value and worth is Rs 1. But this funda and MBA knowledge has applied in financial and Banking institutes for financing most of projects and that assets has been mortguaged many times from one financial institutes & bankers to another by adding their own re-valuation of asset depending on the economic indicators world wide as well as busines projections with anticipation of HUGE MARKET DEMAND which never exist......
Now world has to wait for deflation and devaluation of currency and real economy size as per the real value of the assets which was ficticiously inflated 1000 to 4000 times of its origional value.
This will take next three to five years as volume of total global financial turmoil is huge money will reach to its home town and owner to gain further its strength. THis means Western Countries will squeze all money from world circulation specially from emerging markets like China and India........
Until then we have to wait.
Badlu
From Saudi Arabia
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