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impact of us recession in india in regard to different sectors?
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Answer Posted / supriya sinha
the recession which started from u.s had prpogated the
entire world and now the entire world is facing the problem
of global crisis. if india is to be considered we find that
india is not that much affected as other european
countries. to my view the most probable reason for this is
that india being an agricultural economy. but india will
face the heat of this economic recession very soon mainly
beacause a large share of gdp comes from service sector
which contributes 52% of the total gdp. the recession will
affect the countries outsourcing industry whereby it
provides it services to western countries. many reputed
companies have started layoffs for eg. wipro laid off about
1000 employees and is planning to lay off another 2000 who
are put under scanner. take the case of satyam compiters
who have given pink slips to about 4500 employees which
constitutes about 9% of its total strenth of 51000
employees. this reputed firms say that the layoffs are
performance based and those who cannot perform will perish.
but the matter of fact being that these people are paying
the price for economic recession
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