Part 7: What India/World can do to avoid deep recession?
It seems that there is some confusion regarding the economic fallout that is due to “normal” business cycles and what is being aggravated by aftermath of sub prime crises.
Conditions can exist and we seem to be approaching such conditions in certain parts of the world where even low interest rates and surplus liquidity cannot bolster investment activity and the reverse can happen too . This brings in to focus the importance of two factors - role of business and consumer confidence indices in the improving health of economy
…………..to be continued
Wednesday, November 12, 2008
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