what is the Scenario of recession in india?

We being dependent on US and other western markets feeling the heat of the recession, but as far as Indian Economy is concerned we have some protective shields.  I can say we are not effected by recession. 

Recession has increased competition to get a job in India and the big players of market are making money out of it.

Surely reccession has also affected India like many other nations.There were layoffs by companies,their profits drop and are finding it hard to maintain liquidity.But if we analyze the market for past 1 month then we can see that there is improvement and sensex have also touched 11,000 mark which brought back nearly Rs. 1000k cr of wealth back to the investors.So yes there are signs of improvement but it is still early to say that the markets will reach the levels that it touched two years back anytime soon.

Matter of Fact, Yes we are in recession and thats sure. but how long it will be there and by what intencity, Thats the question?

According to me by July 2009, we will be in official recession and by Dec 2009 we will be in worst state of economy but by march 2010 arround, our economy start showing some consolidation and it will take one more year to take it up to right track.

But all this will depend on our election results and further improvement packages in europe and america. as you can say yes or not, its is proved again and agin that yes we are directly hitted by other ecomomies. So hope for best and give best to economy, condition will be never same it will definately come to change

Economy condition of a country always changes time to time. In current economic scenario, recession has grabbed almost all the organizations of the world. There is no industry of the world which is not affected by this serious problem. If I talk about India, here the situation is still satisfactory if compare it with other countries of the world. Along with this, Indian government has announced a handsome money package to control the situation.

Organizations are cutting cost to stand in the market in such a bad current economic scenario. Along with this, the export and import businesses of India is going down. The real state was doing good business in India if we look on last months, but nowadays the condition of real state is still worse because of recession. But in my opinion, Indian economy is still doing good & have enough business opportunities........