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Is recession over? Now a days majority think likewise. Atleast they believe that the worst is over. The father of
recession which the world witnessed in 1929-33 lasted 4 years, but the so called recession in the 21 st century
lasted only less than 2 years. So can we say that was it recession. Economists debate on this matter, let they.
But the problems still persist. Have you got back your lost job, can you expect a salary increment now all this
questions can be answered only in a negative way. So recession still lasts so far your life and career is
concerned.
We can come back to India. India was not completely affected by recession, it only witnessed a slow down. We
thought that it was recession. India the 12th biggest economy in the world had again reworked it's growth
expectations and now dreaming big in this regard. With a fiscal deficit of 6.8 percent the country assumes to
grow at a pace of 6.5 percent in the next financial year. The confidence is back.
Pramod Thomas