Nowadays ,most of us Indians wake up dreaming of an upturn,although we dont even have the faintest idea when the downturn in the global economy began .But since the experts & brightest headlne from the media says that the recession is over in most major countries, including India,our expectations are rising & everyone is waiting for some financial miracle to happen.
Mostly because of the active role played by media, people knew in advance that recession was coming before recession actually hit and they were more eager to avoid any fallout. Even the local Panwala or the milkman knew that there was a gobal recession...Most of our country belongs to middle class family so recovery from recession as mentioned by the govt does not represents the real picture of economy at the grass level.it is merely the representation of raw figures which show that recession is now over .
Recession , when actually began was only a word which spread like forest fire & each using the period for its own benefit to the max.The employers,the business tycoons,banks , financial institutions,each person tried to utilise the period at the best.India's biggest fashion event’s catwalk at the Wills Lifestyle India Fashion Week,,started on a dark note in New Delhi with designers using the global recession and emotional depression to set a sombre trend for their autumn/winter collections.
WAT IS RECESSION ACTUALLY??
Recession is a cycle which takes place after each few years ,created by elaborate Business Houses, Banks and Financial Institutions to grab Cheap Public/ Govt. Funds at no cost.
For India, recession was only a NEW excuse for committing the same mistakes which we have been doing since ages !!But India has well shown that it's economic growth is stable and very less affected by external factor.
THEN Why do our economists try to paint such a rosy picture of our economy when reality is quite the opposite? Does anybody have an explanation...?