THOUGHT FOR THE DAY

Success

"Success is how high you bounce when you hit bottom. " - George S. Patton

TOPIC OF THE DAY

Positive Impact of Global Financial Crisis on Indian Economy

ABSTRACT

Behind every dark cloud there is a silver lining. As Newton's third law says "Every action has equal and opposite reaction" which was proved long ago. When the world is suffering of financial crunch cant we expect any positive impact of this financial crisis on our economy? Being a rational creature it is the human tendency to find out a positive way out in order to get prove its efficiency in negative scenario. In this paper I have focused on the positive impacts of Financial Crisis on Indian Economy as well as a better future for tomorrow.

INTRODUCTION

The turmoil in the international financial markets of advanced economies, which started around mid-2007, has exacerbated substantially since August 2008. The financial market crisis has led to the collapse of major financial institutions like Lehman Brothers, Merill Lynch etc. and is now beginning to impact the real economy in the advanced economies. As this crisis is unfolding, credit markets appear to be drying up in the developed world.

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