A slowdown in the US economy is bad news for India. Indian companies have major outsourcing deals from the US. India's exports to the US have also grown substantially over the years. The India economy is likely to lose between 1 to 2 percentage points in GDP growth in the next fiscal year. Indian companies with big tickets deals in the US would see their profit margins shrinking. The worries for exporters will grow as rupee strengthens further against the dollar. But experts note that the long-term prospects for India are stable. A weak dollar could bring more foreign money to Indian markets. Oil may get cheaper brining down inflation. A recession could bring down oil prices to $70. Between January 2001 and December 2002, the Dow Jones Industrial Average went down by 22.7 per cent, while the Sensex fell by 14.6 per cent. If the fall from the record highs reached is taken, the DJIA was down 30 per cent in December 2002 from the highs it hit in January 2000. In contrast, the Sensex was down 45 per cent. The whole of Asia would be hit by a recession as it depends on the US economy. Asia is yet to totally decouple itself (or be independent) from the rest of the world
| Tags: | A slowdown in the US economy is bad news for India. |
| Category: | Business Area |
| Industries: | Management & Strategy Consulting |
| Functional Areas: | India |
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| Articles: | 37 |
| Questions: | 8 |
| Debates: | 13 |
| Idea Contests: | 6 |
Topic of the week : Sales force development Strategies to make sure your reps work consistently and effectively
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Examining a effective coaching and development strategies which will provide...
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1237 referals, 26 arguments, 68 views
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Employers can’t check employee personal devices but they can check company equipment. Many employers can do that and if it’s done with company property many companies will check. That’s why it’s best to send messages on your own devices on your own...
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272 referals, 189 arguments, 3546 views
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People change jobs in India because the systems and policies are too slow and merit has no chance. Honest workers need to survive in a battle hungry set up.
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Talwinder can you mention what change your are debating about. Recent days there has been many changes happening in the insurance industry. So it you quote the exact change we can have a healthy discussion....
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1155 referals, 23 arguments, 114 views
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Business etiquette is very much needed in local business especially when dealing with international clients. Many times the way that you act could determine how much business you could do with others. A person needs to be able to control conduct...
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0 referals, 6 arguments, 71 views
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They cannot work or put up for worktimes at night...is the most old argument. Comon,s give them a break...
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752 referals, 27 arguments, 194 views
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James, I appreciate your frank comments Very few people can admit this, of course with a pinch of salt
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Appan it looks very interesting. Can you provide some more information about this. I think this is not possible, if yes then why people not opting for it. Thanks for sharing......
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74 referals, 4 arguments, 22 views
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Knowledge, culture and heritage....., let me explain the definition of culutre, it is the belief and aspirations commonly prevelent in a cluster. Do we have a common culutre, I don't think so. Do we all believe that welfare, transparency and mutuality...
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50 referals, 10 arguments, 174 views
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Hi Ramya I agree with you, even I have seen people who are very fearful when his/her team member quit the job. Because nowadays most of the companies have a exit interview when an employee is leaving the company at that time he will be asked to give a...
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69 referals, 61 arguments, 567 views
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Hi Trivendar, I agree with you. The private companies are really doing good, than the public sector. They are even coming up with good plans which are more attractive and beneficial. That was a good example. Thanks for sharing...
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