Saturday, February 28, 2009

Don't press the panic button

After the 5 years of bull run and boom in the economy India's GDP stood at 5.3% for this current year. Switch on any Business Channel you get a feeling that doom day is quite nearer than expected. One day you get a feeling that Indian economy is insulated from the global meltdown the other day same channel speaks about that there is no way Indian Economy can remain insular to meltdown because our economy is a part of globalised economy. Remember, since our independence our country registered only3.5% to 4% economic growth no panic button was pressed then ( thankfully, there was no business channel then) why this bombardment on chicken-hear ted Indians who is already prone to cardiac arrests.

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