Hi All,
I had a great time with you guys yesterday. I hope my session was also useful to you and helped you in understanding basics of Indian Economy and reasons behind subprime crisis and its impact on India. I would like you to give me an honest feedback for the session.
ALso feel free to post your doubts about the session on this thread. Thanks.
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6 comments:
dear friend,
in last year's interview i was asked why there was sudden economic slowdown .i said that it was not sudden but the culmination of the sub prime crisis and i briefed on that.the they asked why its impact on india is little .i said that because of the strong fundamentals like RBI policies.i was not sure about my answer ,i somewhat beat around the bush.one of my friends told that because of public sector companies that we survived.could u give ur opinion please?
thank u so much
regards
devaraj
Hi sir where can i find book 'bharatiya itihas ' of kiran publication for history ,can i buy it online,plz help,i tried a lot to get it,cud u pls let me knw,my mail is minnurk@gmail.com
@Deva
to answer this question first lets c how global meltdown has effectd indian economy. it has effected mostly on 1) export growth incuding IT 2) FDI inflows 3) Indian Banks exposure 4) Unemployment bcoz of slowdown in exports + loss of jobs in some sectors particularly banking..
If we c india's contribution in world trade its even less than 1.5% so its not very significant for india's growth.
In India fdi cumulative flow from 1991 has been only arnd $120 b.. last year bfore slowdown it was arnd $17b so not a very significant no.. compare it with china its arnd $95b..
indian banks are regulated very strictly by rbi and all are following BASEL II norms.. n most have risk adequacy ratios better then their international counterparts..
India has a huge domestic demand and thats a big advantage...
dear friend
thank u.then can we say that this is the ill-effect of globalisation?is our mixed economy is more appropriate at present condition.
regards
devaraj
Hi sir thanks for giving us such importance..
can u provide some material or refer to some site to improve definition of terms for general management, marketing,and economics, please help
u may mail to me "jaibba@gmail.com"
@Jai.. i could not get u as what are u looking for exactly.. plz explain in some details..
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