Sunday, February 15, 2009

Will Financial Crisis affect India ?

Every Indians have same Question . Will Financial Crisis affect India ? .The answer is NO.
Indian economy depends on Agriculture , small scale industries and in other resources. So India wont get affected by present financial situation which persist on the world economy.


A small sector of India population works in IT related fields. Due to Financial Crisis some Job cuts are there in IT fields .So some many loose job. Now these IT companies are not even recruting new people for their company.


India's Banking Sector and Insurence Sector are very safe as most Banks are in Public sector.
But now more people considers Gold as reliable mode of Investment.So they are buying more and more Gold. So the price of Gold in rising up.

One more positive aspect for India is the fall in Crude Oil price. This will help us because we are Importers of Crude Oil.

Comaparing to any other countries economy, Indian Economy is Safe and well monitored.

India Banks and Financial Institutions are monitored by RBI (Reserve Bank of India).

So the financial crisis can only bring a small impact on India.


Thank You.