Is India heading towards recession?

India is not towards recession now. It is far better than other countries suffering from the same.

No !

India is in a recovery stage rather. Steps taken by The UPA government were phenomenal. First it made necessary changes in fiscal policy and increase government spending to boost consumption. The changes in moneytary policy changes done by RBI were good enough to curb down inflation substantially. Still our growth rate is 6.7%. The government ensured that there is maximum liquidity in the market to cushion the down trend

Well, i don't think so, our country was in a much better position than the rest of the world.As we can see, NRIs were returning back to work here and now also the UPA government is bringing back the market into normal postion. So I don't think we are much affected by recession....

Mr Gandhi,

govt policies are not only for vote banks, if we look other side, then we realize that the decission taken by govt is right. here we are on positive side that at least 40% people get loan waiver benefit.

what ever motive behind loan waiver decission, if we never understand the equal growth of society, we never go close to stable economy...also stable govt.....also stable society..

india is facing Recession problem, but the intensity of recession is not that level .........

still our indian company doing good growth, there profit ratio also increases

our economy fundamentaly is going to stable in short period, compaire to other developed countries.... 

Hi..,

India is not in Recession....In India there are slowdown. Recession in which any country or nations GDP growth will be in negative..But in india the growth rate is Positive it is around to be @7%.

So we cant say india is in Recession.Its in Slowdown.

Mr. kishore kumar i definitely agree with you. Our economic policies are so intact that where others developed nations are facing the heat in almost every sector, our country has somewhat tackle this downturn quite well. it can also be seen from the fact that our growth rate is still quite acceptable if we compared to other countries and also we have been able to hold on to our jobs comparatively well when compared to people of other countries.

so i don't think so recession has affected our country much because of our vast economy and well in placed economic policies.

any other views from you guys are most welcomed!

See this period is nothing but  a mirage like appearance where no body notices the real image rather they notice a Mirage which is non existant at that place. As similar as the view at time of mirage formation,this is the time people are more panicked because of economic image portraid by the media and the bad planner /investors. whoever has lost in economic slowdown they are circumspect about further investment but fact of the matter is that this is right time to invest in market. India is such a well established country in the world that even America suffered loss in many sector e.g insurance but in India this sector has not suffered that much loss on account of clear and hassle free  policy  of govt. in these sector.And it happens due to presence of TRIO( manmohan singh, montek singh, chidambaram). This global recession is such large in volume that not a single country is untouched in the world so some tremor might be felt in corporate sector but it is for short period despite the fact that it will continue in developed country. Here economic policy is as such we can handle it very calmly and carefully. This is not the first time, we are facing and propagating our economic stride  but at the time of nuclear test in 1998 too same thing happened for Indians. All the developed country imposed ban on various products but we stood over that ban. So my message is that we should refrain ourself in propagating rumour of recession in india and enthusis e our industry man to nurture the hope of Great India.

Mr Gandhi, No prudent banker would support the farm loan waiver.  Our politics has few wrong approaches : Farmer as a vote bank; muslim as a vote bank; hindu as a vote bank Ahinda as vote bank and workmen as vote banks.  A positive change occuring now is that youth are considered vote bank too.  Except youth, all the above should cease to be vote banks.   

But i would not agree that India is doomed to go down.  You were right to initiate this debate but have hope.

 I would say that India may suffer few problems for the next say.. eight months.  Then we are on our way up.  The government has provided platforms for us to raise.  The difficulty is in our placing a step on this platform to rise.  Many are preventing us from doing so.  We should unit and stop those from preventing us.  We should place our step on the platform and rise.  We can only go up after that

Attorneys like my learned friend durgarao vanayam are comfortable with point-to-point treatement of their statements.  This is not rejection of the statement but qualification of it:             Our strength of degree holders ...   I agree.  But we also have a good lot of good engineers, doctors, researchers and skilled personnel.  Our own domestic market is our strength.      Money flow tend to get affected as the many developed countries are into recession....   I fully agree.  Why should we now depend on exports?  Balance of payments position will not go negative, given the fact that other countries have very few export opportunities  in their current situations except for few items!!  Our reserves may come down but will not go negative.  When we look at the brighter side, Indian economy is bound to attract foreign investment.  There is no other place for these investors to go!  In my view, it is prudent to concentrate on development of India.  It is an opportunity to up our standard of living at comparatively low cost.              There is no much encouragement for the enterpreneurship ...   I agree.  Take for instance Sathyam... Why should we bail this company out?  We should concentrate on smaller units.  If I was heading City Bank Group and if Sathyam was handling some of my outsourcing assignments, I would first see how many of Sathyam employees are working on my projects.  I would get their profile analysed.  I would identify leaders amongst them.  I would not now be able to fund them but would give them an opportunity to start on their own!!  Of course at a lesser cost to me.  If I look at that small group's situation, their ovetrheads will be comparatively lower.  The revenue from my assignment is sufficient to run their show.  IT infrastructure is not heard to provide.  There will be no clash of ethics too.  If necessary, Sathyam can be paid a sum of money for any IP involvement, which they would welcome in the present circumstances.  Banks and Government can fund them rather than funding fraudsters.  It is therefore win-win for everyone!!           As we are not fundamentally strong ...This statement, I disagree with.  We are fundamentally strong under present circumstances.  Cooperative agriculture is one area we should take up which will actually be mechanized agriculture.  So neither there will be creation of jobs nor loss of jobs in agricultural sector if reforms are initiated.  The bane of agriculture in India is that it is almost unviable due to defaults in scalability and reluctance to use modern technologies!!  We should find better employment opportunities for our villagers.  The fact is also that there are not many people employable in villages.  They have all migrated to urban centres.           I think, we can't escape from recession...
All of you, please look at the scenario that the world will look to India as its leader.  The world will think of making investments in India since it is only here that they can have a reasonable estimate of fair return on investment.  Elsewhere in the world there is no money to buy GAS (Goods and Services).  Our corrupt society has an equal measure of poor and rich people.  This is the carrot.  Poor people need consumbable and rich people can still indulge.