Yes fellow members you all are right, recession is over but still companies are using this word like a sword to cut down their costs. Each & Every company is in profit but they are showing Profit in respect to last yr financial profit is 10,20,30% low & due to this they are blocking Employees increment, vendors payment & juss bcos of this vicious circle has formed & all consumers are spending at their pace and sale of each & every product is down.

So I really appreciate this idea of spreading positive confidence.

First we must understand why recession comes. I am not talking about the great economic theries, I am very poor in economics. It is the fear of loosing those comforts of life - example, job, house, holiday, medical insurance etc. These are for employed people. For business people it is the fear of loss. First when the businesses project a gllomy picture, investments slow down. This will slow down new employment and employed peole start saving for the rainy day and apply some restrictions on spending. the whole thing becomes a big cycle.
Now to regenerate confidence in all, its good to talk optimistic, confident and positive. But it is also mandatory to start doing things that trigger people to spend as per their plans. Only when the sales start showing up, people can come out of their shells and strt seeing some light. This happens when the big businesses continue with their plans and investments that they thought of earlier to this slowdown. So we should make every effort in convincing the investors that this is the best time to invest and there will be sure returns.
The otherthing is that, minimize or neutralize dependency on outside countries economies or markets, so that as somebody mentioned, recession has not yet hit our shores, and we should be prepared to face the recession when it hits ou shores, we need not be dependent on other countries.

Very good Mr. Asghar.. It is our media who have to play a vital role in this. First they should stop spreading boosted articles about recession..

Is common cold curable? Is the virus of common cold easily overcome inspite of our leaps in science?? The article is indeed very positive, but lets face the fact: RECESSION has not even hit the shores of India yet. The snowball is yet gathering momentum and will eventually hit the slopes of our country. By embracing the fact we would be better prepared to face it and not by assuming that it has already been squashed!! Its like assuming that Kasab has been dealt with and hence terrorism cannot touch India!!

We must be cautious nevertheless. Why act like its over when you can behave like it never existed??

Yes Mr. Asghar you are right here it is just that word of mouth that has been spread by everybody about the recession and this has spread like a wildfire and hasn't stopped yet, its just the fear of people what is driving this recession, so one has to stop spreading negative things about it and act normal and start afresh and yes Recession is over...