THOUGHT FOR THE DAY

Leadership

“To succeed in business it is necessary to make others see things as you see them. ” - Aristotle Onassis

TOPIC OF THE DAY

Impact of Global Financial Crisis on Indian Economy

The financial crisis has been erupted in a comprehensive manner on Wall Street; there was some premature triumphalism among Indian policymakers and media persons. It has been argued that India would be relatively immune to this crisis, because of
the "strong fundamentals" of the economy and the supposedly well-regulated banking system.

These effects have been most marked among those developing countries where the foreign ownership of banks has been already well advanced, and when US-style financial sectors with the merging of banking and investment functions have been created.

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