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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
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