The current global financial crisis is expected to dominate the
discussions  UN General Secertary Ban will have with the Indian
leaders,today on his arrival sources amid calls for revamp of the
international financial institutions, the two sides would be looking
at ways to prevent recurrence of such an economic crisis.
With India on food front has procured adequate wheat to feed and  its
rice stockpile to about 10 million tonnes and stopped exports, a wise
move in a country of 1.1 billion people but bad news for the rice
price stability in other Asian importing rice.
India with foreign investment pouring the government looked in best of
states without making any sincere efforts in galvanising its
industries,the stable and influential one  looked for forein
collaboration with more inject of foreign direct investmen and
extended market,treasury gettingunexpected boost  of revenue.Orgainsed
sector thus garnering increased  pay package in span of ten years
which has direct impact that of inflation which was imminent in
artificial fast economy measures without any concrete plans to create
employment and unskilled,semi-skilled skilled jobs for the new entrent
industry is sure to bring the recession in this part of the world.
With festivity closing months India Inc is exhibit its color of
recession in the market with seven industries to trim its 25 percent
to 30 percent employees in aviation.steel,IT,Financial,real
estate,cement and construction due to the pinch they are already
suffering and  are no longer in a position to sustain their operations
with existing manpower strength, Assocham said in its study on ‘Jobs
Scenario Post-Diwali."HR heads of these sectors have drawn up
conclusive plans to curtail their workforce by 25-30 percent,
announcements for which is likely in the next 10 days or so," Assocham
President Sajjan Jindal said.
These corporates have no other alternatives to sustain operations with
squeezed margins after drastic cost-cutting measures like denying
bonus and ex-gratia Assocham further adds Reserve Bank discontinues with its
tight monetary policy and cut the interests rates by at least three
percent.

Sagar adds Nation needs positive cordinated industrial growth policies with long term vision with sense to outreach skill,education and knowledge with values and rampent corruption with treasury and placement with neoptism and redtapism in plan are the sweeten poison which vitiates the grwoth in Indian economy thus marring its potential growth.

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