Hey
friends….
Hope you all
doing great…
Sorry for
not writing any post for so long…. And moreover I was finding to write
something persuasive other than this crippled economy news….
Indian
Economy has been slowing down due to global implications....India’s currency, the
rupee, is falling; investment is down; inflation is rising; and deficits are
eating away at government coffers.
You all
might be aware of what’s happening…western countries and euro zone have been
confined in their own situation where are not able to generate enough of
capita, as expected in their GDP’s. Indian IT Cos are the ones who are the most
affected victims of this situation…
Many of the
Economists and Entrepreneurs can prognosticate a dreadful economic era coming…
The chance
of a double-dip recession is increasing because of risks related to ending
global monetary and fiscal stimulus.
The factors
which are aggravating the situation are tax increases and spending cuts in
United Sates that may push the world's biggest economy into recession, the job market
never left the recession to begin with.
Over four years have gone by since 2008, when the U.S. hit its
employment peak;
A hard landing for China's economy as China
posted a three-year-low growth rate of 7.6 percent in the second quarter after
2008 recession. In China Car sales are down, cement production is down, steel
production is down, construction stocks are down. In short vastly overblown;
Further slowing in emerging markets; and a
military confrontation with Iran.
When it
comes to Indian economy it is still expanding, with growth projected between 6
percent and 7 percent this year. Indian business leaders, foreign investors and
analysts say India’s strengths are being undermined by growing political dysfunction.
Foreigners are also pulling back their investment in Indian stocks and bonds
totaled only $16 billion in the last fiscal year, compared with $30 billion the
year before. Structural reforms needed in India to boost growth as in merging
the fiscal gap that is uniting the difference between earnings and
expenditure,
enough combination for raising revenues and have a more efficient tax system...
Rest I’ll
come back with another post stating further about Indian Scenarios...
Take Care
Stay Blessed... :)
