impact of global recession on Indian economy.

[virgo]

World economy is heading towards recession as big names like lehman brothers and ING vanished also the subprime crisis helped in it.All these are contributing to slowing down of Indian economy but is it really happening due to american subprime crisis or there is another reason behind it?

[0099]

well all i can say is that sub prime crisis was just an excuse to ignite the flame which was already hidden somewhere inside in the the form of over dependence on the foreign investments. FDIs and FIIs have no doudt contributed big time in giving an upward thrust but with the inductive effect of recession. FIIs who were the main reason for the superficial hyke in stock exchange, started finding their way out of the country resulting in an abrupt fall in the economy.

[srinis123]

If anything goes up it has to come down again... The same goes for economy.. it reached the saturation and so it came down... in a similar way it ll definitely come up in few years... So there is no specific reason for this recession... And i think that the recession in US will definitely cause some drops in India too as India's one of the major profit is from the foreign investments in India...

[theindianbee]

World economy is heading towards recession as big names like lehman brothers and ING vanished also the subprime crisis helped in it.All these are contributing to slowing down of Indian economy but is it really happening due to american subprime crisis or there is another reason behind it?

The world economy is not heading towards recession it already is in recession. Subprime was just a symptom of the bad regulatory bodies in banks across the globe. You cannot hide a rotten egg under the carpet for long, its bound to smell bad sooner rather than later. India is a leader in the banking sector US and other western countires should adopt our policies in the banking sector if they ever want to feel secure about their banks