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Question posted: 10 30 2008 07:35:20 +0000,
4 answers, 348 views, last activity
06 19 2011 20:06:09 +0000
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We have seen that sensex has fallen from 21k to 8k....How will it effect the Indian middle class???
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Answered by
Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.
| 06 19 2011 20:06:08 +0000
Mr. Karthikeyan, you are saying for 2008 fall sensex 21k to 8k. It doesn't make directly effect on middle men. But due to recession market goes down. It means country economy is affected due to recession and due to imbalanced economy market goes down. There is no matter of inflation due to fall in market. although it leads to deflation. If our economy is running fast & resources are under utilized only then inflation occurs. In short , if our company where we are working is running properly while recession or market fall then there is no need to worry for middle class people.
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