Turbulent Times and My Sentiments
T oday we are living in such a time where anything & everything is possible. We saw a upsurge in the mood of Indians over high speed growth of Indian economy, we saw a great reversal of mood also when Indian economy too, got caught in the Global Economic Tsunami despite numerous confidence statements by Finance minister that Indian economy is, to the extent, decoupled from world economy. I think Finmin upped the ante by saying this, as results of Corporate India, Industrial growth, Inflation etc proved Minister false and his claims baseless. Spate of steps were taken by RBI to tackle Inflation, while doing so they sacrificed Growth. Rising prices forced people to squeeze their spending habits, everybody was feeling the heat and decided not to burn fingers in such a volatile atmosphere, as a result demand dried up from the market be it for cars, consumer durables or luxury items. Sub Prime crisis of US fueled crisis of Indian Financial Institutions. They became wary of lending. Trus