Moneymanagement’s Weblog

Is India insulated from the financial crisis?

Posted in banking, Uncategorized by moneymanagement on October 13, 2008

Are we living in an insulated shell? The finance minister is reassuring the public that our banking system is solid and we are not in a crisis.

But is India a closed economy? Are we not interconnected with the world economy? The sad part is that the popular media prints only press releases. There is very little investigative information available. Get on the Internet and see for your self that the financial world and with it all other parts of industry are crumbling. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Can we only take the benefits of globalisation and be protected against the down falls?

Go right ahead and bury your head in the sand. The wake up is going to very tough.

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2 Responses

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  1. Ketul said, on July 14, 2009 at 5:00 pm

    I agree about our banking system. It is strong but India is not only Banking. What about job losses? it is causing great worry in economy.

  2. moneymanagement said, on July 14, 2009 at 9:55 pm

    The banking sector is a strong indicator of where the economy is heading. Like a nerve center which can act as an early warning system


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