The Great Economic Slowdown
No other issue has dominated mind and media space in the last one year or so in the manner that the economic crisis has. Almost overnight, non-stop binge partying by Indian companies and consumers collapsed into visions of economic Armageddon, job losses, uncertainity about the future and worse. Real estate companies that were selling dreams faster than spiritual gurus suddenly found that the ground beneath their feet had crumbled. Export industries in far flung cities like Tirupur, Surat and Ludhiana found that export markets had vanished into thin air. Auto companies suddenly found that no one was interested in buying two wheelers, cars and trucks. So strong was the sense of gloom and doom that there was a virtual run on ICICI Bank, which was forced to loudly and vehemently protest that it was liquid and sound. And keeping – and getting – a job started proving damnably difficult. This was clearly a wake up call for millions of Indians. But it does appear at the moment that visions of apocalypse unveiled by the end of 2008 were perhaps a bit exaggerated. Sure, business is yet to completely recover and will perhaps never reach the mad boom days of 2006-2008. But there are unmistakable signs that the economy is back on track and that consumers are once again buying. Oops... did you actually ask whether the recession (sorry, slowdown) had any impact on electoral fortunes in the country? You must be joking!
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!
For Exclusive Footage by Sunday Indian Click Here
Outlook Magazine's B School Ranking Scam Exposed
Don't trust the Indian Media!
IIPM exposes Career 360 and Mahesh Peri scam
IIPM - We will change your outlook : Career 360 and Mahesh Peri scam is exposed
IIPM: An intriguing story of growth and envy
Prof Arindam Chaudhuri of IIPM on MF HUSAIN
IIPM Related Links
IIPM - Admission Procedure
IIPM, GURGAON
IIPM 3-year full-time Integrated (MBA BBA) Programme
IIPM 2-year full time Programme (leading to the award of the MBA degree from IMI)
B-schools expect higher rate of campus placements this year
Exclusive In chat with Society Magazine - Prof. Arindam Chaudhuri
No other issue has dominated mind and media space in the last one year or so in the manner that the economic crisis has. Almost overnight, non-stop binge partying by Indian companies and consumers collapsed into visions of economic Armageddon, job losses, uncertainity about the future and worse. Real estate companies that were selling dreams faster than spiritual gurus suddenly found that the ground beneath their feet had crumbled. Export industries in far flung cities like Tirupur, Surat and Ludhiana found that export markets had vanished into thin air. Auto companies suddenly found that no one was interested in buying two wheelers, cars and trucks. So strong was the sense of gloom and doom that there was a virtual run on ICICI Bank, which was forced to loudly and vehemently protest that it was liquid and sound. And keeping – and getting – a job started proving damnably difficult. This was clearly a wake up call for millions of Indians. But it does appear at the moment that visions of apocalypse unveiled by the end of 2008 were perhaps a bit exaggerated. Sure, business is yet to completely recover and will perhaps never reach the mad boom days of 2006-2008. But there are unmistakable signs that the economy is back on track and that consumers are once again buying. Oops... did you actually ask whether the recession (sorry, slowdown) had any impact on electoral fortunes in the country? You must be joking!
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!For Exclusive Footage by Sunday Indian Click Here
Outlook Magazine's B School Ranking Scam Exposed
Don't trust the Indian Media!
IIPM exposes Career 360 and Mahesh Peri scam
IIPM - We will change your outlook : Career 360 and Mahesh Peri scam is exposed
IIPM: An intriguing story of growth and envy
Prof Arindam Chaudhuri of IIPM on MF HUSAIN
IIPM Related Links
IIPM - Admission Procedure
IIPM, GURGAON
IIPM 3-year full-time Integrated (MBA BBA) Programme
IIPM 2-year full time Programme (leading to the award of the MBA degree from IMI)
B-schools expect higher rate of campus placements this year
Exclusive In chat with Society Magazine - Prof. Arindam Chaudhuri
