Even though most of us don’t
think about it, the financial crisis has hit
home for everyone everywhere including
India. The Reserve Bank of India has been
hard with the financial issues that are
hitting the country by the amount of funds
that are kept with bank.
The stock market crunch has hurt
everyone and it has hit India at a time that
the country is in absolutely no shape to be
able to handle it. The banks have continued
to slow down on the loans that they decide
to hand out which is hurting the consumer
from purchasing a new car or home.
This has in turn of course hurt
the industries that build homes and cars as
well as sell them. People are getting laid
off from their jobs and that is putting
extra strain on the country. India is seeing
the pain of the financial crisis just as the
rest of the world.
India’s corporate industry is
struggling the crisis as well. Any and all
mergers or expansion plans have also been
brought to a complete stop. The corporate
world of India has been trying to find a new
venue in making money. They are trying to
find ways to make the almighty dollar expand
and grow but just as all other countries, it
just seems that it is an impossible feat to
accomplish.
Foreign institutions dragged the
capitol market down to an all time low by
pulling out almost 10 billion dollars from
India. Considering that in the market of
consumers, car loans that at one point were
at 85 percent they are now down to 70
percent over a period of just a few short
months.
As you can see, the growth of
the industry is teetering on a limb and
inflation is continuing to climb just as it
is everywhere. India is getting hit hard by
the financial crisis that they entire
country is feeling. There foreign exchange
reserves are even started to get depleted.
The economy and all of it’s
horrible financial issues are stretching
from sea to shining sea. India is right in
the heart of it with everyone and there does
not appear to be a light at the end of the
rainbow as of yet. We are all working hard
to try and overcome the financial threat
that is upon us. India is no exception to
the rule.
