You know that the American economy is going through a bad phase. There is a slow down in the American economy and it may create a bad effect for the global economy too. In fact, many people are worried that the slow down in US economy can turn into a global slow down and even into a global economic recession. Many countries are worried because their economies are directly or indirectly tied to the American economy. It seems that there is little worry for the Indian economy at this moment.
According to some experts on Indian economy, Indian economy can grow and sustain its high economic growth. Well, I am not that much optimistic because Indian economy now depends a lot on the American economy. In fact, India exports a lot of items to America and also a lot of American companies have outsourced their jobs to India. So, any serious economic slow down in the US can affect Indian economy negatively too.
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Yes the world economy is passing a bad time. Another thing is that as the whole world depends on American economy ……… .
Posted by: Animesh | April 29, 2008 11:31 PM | Permalink to Comment