I mean only people of our generation would be comfortable enough to know what this menace is.
The other day a 40 year old guy walked up to me and enquired my qualifications, leaving me totally baffled of the unwarrented interview.
Recession - A consistent fall in the domestic product of an economy over a period of time, simply
saying a cut down in the production of goods and services.
P S - India has not been hit by recession, its just a slowdown !
Lets see how the entire cycle works,
It ultimately becomes a viscious cycle, and onl way to break it is to fill the people's pocket with money which is done by :
- Public Expenditure in order to increase the money supply and thus indicting demand form the consumers
- Monetary Measures include cutting down interest rates so as to make loans cheaper for consumers
INDIA's SCENARIO -
In India recession has not been observed, a slowdown has hit the Indian economy with simply the purchases being postponed by the buyers.
The year 2009 & 2009 is going to be tough but analysts have not predicted any contraction whatsoever in the gross domestic product.
