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Question posted: 11 22 2008 04:21:38 +0000,
4 answers, 332 views, last activity
07 06 2010 20:18:08 +0000
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Is there really any financial crisis yet in India ? How long it may last ? What is the best way to do in this period ?
Top Answer :
Rating : +1
Yes. India is already in Financial crisis(liquidity issues), and one can expect some action upward from H2 of 2010, best way now is to save , reduce the commitments , avoid credit purchases so that the actual cash flow in full is circulates, reduce plastic money purchase and not ton revolve the plastic money bills.
by
Ganesh Ramaswamy, Area Sales Manager - Mortgages, Bajaj Finance Limited
| 02 26 2009 15:25:08 +0000
Prev1NextShowing 1 - 3 of 4
Rating : +1
Yes there is financial crisis and it is there even in India. Its a chain affect and we can't escape. We get lot of money though this outsourcing work, get employment with this FDI and going abroad and making money. So, we are linked to the world and especially developed world like US. Every developed country, almost, realised that there is recession and anouncing bailout packages. US, Japan, China and many other countries already taking rapid steps to overcome this crisis. I agree with the opinion of US president elect barrack obama and who has said that it may be there for some more time than expected. And, I feel we may feel this crisis or the recession for the next four to five years.
Answered by
Bellala Gopinatha Rao, Senior Project Manager, Promax Management Consultants
| 12 06 2008 13:29:04 +0000
Rating : +1
Hi friends
yes there is.
Otherwise whole world is in the meltdown stage.Mr goel since last 2 and odd months lakhs of people lost their jobs to minimise the expenditure. The reasult stretched to several field especially of labour dependent.
Answered by
Suhas Goel, Consultant, Corporate Alliances, Events & Promotions, Cox & Kings P. Ltd.
| 11 26 2008 17:57:26 +0000
Rating : +1
There is no such thing as financial crisis in India yet. You can still see people buying the BMWs and the fords and the desires. So where the hell is the cash crunch. Banks are giving loans like anything. People are spending on night outs & other luxuries equally same as before. Its just the impact in people's mind for US recession. Nothing else. People are framing an imagery that says India is going through recession as well.
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