The Recession which has crippled the whole world will see its effect coming down by the end of June,09 claims a report by Nourma.
I had earlier predicted that the Sensex, if it manages to go past the 11k mark India will be the First country in the world to have come out of this recession thing.
In India, the word is taken for granted and only the very big companies apart from share broker and equity share holders were actually struck by Recession. Other industries were mere the cats that were being asked to meaow. There are lot of companies which are downsizing their staff levels in the name of recession, which is just a reason.
The cost cutting initiatives from companies overseas may have effect on the Indian Economy, but since the domestic market is so strong that the whole economy can withstand it.
i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.
Of course, hope is the best way to look forward.
Lets hope for better market conditions. Apart from other sectors, automotive and export industry incurred huge loss with plant closures and layoffs worldwide.