Wednesday, February 11, 2009
The deep recessionary trend world wide is taking its toll in developed as well as developing countries. If recession has put thousands of people out of employment in the recent history of United States; so with many other countries in the developed word. The developing countries like Russia, Brazil, China and India are yet to feel the full blown pinch. But the sinister sign is everywhere visible. In India, already the there is slump in demands in infrastructure, automobile, steel sectors are visible. Not mention about information technology sector, India's most emerging and earning in terms export sector. This year number of companies have stopped fresh recruitment, many have shown the pink chits to their employees, albeit in a limited scale. But the uncertainty in future is a certainty now! Every pundit or Guru is forecasting India's growth slump in tandem with global recession.