effect of recession on India
hi, i would like to tell you, Indian GDP accounts 60 to 80
percent of service and manufacturing industries, we have been hit
by recession because our service industry mostly information
technology depends on export, but i would like to say if we use our
reserves for domestic consumpiton we could try to create booom
period for infrastructure porjects and restructuring projects of
disinvestment. we could earn more benefits from this recession than
any other countries, we need to create domestic demand and need to
create close alley for our energy demands. if we secure both then
we will ride out this recession unharmed.
if you further question ask me at this place
mehul.shahmba@yahoo.com
but don't look at BSE or NSE for long term they are mirror of
economy sometime they don't show real picture