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Topic : Banking and finance crisis
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Indians do not like to be indebted

Created by : Leena Khade, Banc Assurance, Deutsche Bank  | 07 30 2011 08:00:51 +0000
Industry : Investment BankingFunctional Area : India(Markets)
Keywords : india recession banking investment banking reason for recession
Activity:  170 views;  last activity : 09 13 2011 04:08:15 +0000

Recession was the reason of over debt. We were not hurt much though. Do you think the reason behind this is the mentality of Indians? Majorly we do not liek to be indebted and we try our best to meet the ends and pay off the debt?

  
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The Indian mind set is slowly changing. 20 years back, yes, people are scared of a debt. With the younger generation, willing to take risks, the times are changing.
By Suryanarayan Murthy, Asst Vice President (Corporate Finance), A Hydro Power Project  09 13 2011 04:08:14 +0000
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Need to strong indian low need makoka tadaa
By abhijeet , Sales Head, astha credit and securitiesl td  | 08 01 2011 16:51:05 +0000
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corruption is the root cause of debt
By prakash kodnany, Head/VP/GM-Domestic/Offshore Debt, vivro capital advisors pvt ltd  | 07 31 2011 12:51:42 +0000
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Perhaps yes. I have seen this many a times most of us do not liek to be in debt. We want to live free and happy life without tension. This is one the best trait we have.
By Leena Khade, Banc Assurance, Deutsche Bank  | 07 30 2011 08:00:51 +0000
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