This splash would take a look at the developments on the economic front in the last one month. As expected, inflation has become a non-issue with the inflation dipping to 5.07% for the week ended 24th january 2009....
Hello nishant, read the entire post at cplash.com. But have a question regarding the title of the post. Do you consider India to be in a recession? Have we seen 2 consecutive quarters of negative growth? I think we should call it a slowdown. Your thoughts?
I also dugg out nishant's earlier post, is worth a read:
No.. I am not saying India is into a recession.. however the global recession is surely having its effect on India. This series of splashes is aimed at tracking the larger effect of global recession on Indian economy as a whole.
thank you for information and answering anuya's question in your comment, also looked at other posts on cplash
I see what your saying now, also read part 1 and part 2, I think you missed posting part 2 here. nonetheless was a nice read.
To make matters worse the garment sector is also expected to loose 1.5 million jobs by April, due to reduced exports as a result of slowdown in US and EU.
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