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.

Will i loose Job due to Financial Crisis ?

Every people is asking the same Question .


" Will i lose job due to financial crisis ? "


As we all know financial crisis has grabed the whole worlds economay so many people will loose their Jobs.

The possibility of losing Job is for those who work in IT Field.So many IT companies have asked staffs to leave the Job or asked them to do overtime Job. So much turn over will happen during coming year in IT field

Another employess who lost jobs are those who work in Banking Sector. As some Banks are in trouble ,there is a chance of more Job loss for those people.

Real Estate field is also in trouble.As the economy is down no one is willing to spend their money.
So no new land or building deals happen and there is a lacking of liquidity in money.

Govenment Employess are safe as they have fixed Jobs and salaries.But people working in IT and related fields are much suffering due to insecurity of thier Jobs.

In Kerala some IT companies have removed some staff due to financial crisis.

India is not much affected by fianancial crisis as most Banks are in public sectors.

I think this finacial crisis will last for atleast 2 more years.

Anyway make sure that you wont loss job due to financial crisis.


Thank You.