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However, does know a bit about finance. I do believe if another recession (predicted to be deeper) hits US, it could prove catastrophic for the entire world economy. India may have a bit lesser impact, but it'll be there. [B]Reasons (bit longer, but still brief) -[/B] 1. 2008 crash/recession was primarily caused by RE burst. That's why it was called "Sub-Prime Crisis". That's why, this time world and especially China - India are correlated to US like never before. Pray that US shall never ever enter into recession again. :dance:[/QUOTE] It is a misconception that the Indian Economy is dependent upon the performance of US Economy. As per a conservative estimate which involves the Black Money plus the unaudited money in rotation, Indian Economy is more that $ 3 trillion in size, leave aside the savings in equity and private gold banks. Recent figures in Foreign Reserves estimate around $ 300 billion, that is just 10% of the economy. IT Services/ BPOs are not a major contributors to the economy. Oil payments need $$$s for now, but even oil countries are seeking substitute for the dollar. There seems a fair transition in sight, as most countries are seeking substitute for this currency. China is aggresively following the pursuit. US's doomsday should be taken as a positive sign rather now for the new trade horizons to emerge; don't panic, global financial fall already passed last year. Crisis like "Sub Prime crisis" can never ever touch India, Economy-banks-investments are dead end conservative in this sector. Fool Proof! Cheers - one of my Economist friend (prominent national personality) told me all that! :bab (35):" ["moderated"]=> NULL ["pagetextimages"]=> NULL ["pagetext"]=> NULL ["htmlstate"]=> string(3) "off" ["allowsmilie"]=> string(1) "0" ["showsignature"]=> string(1) "0" ["attach"]=> array(0) { } ["infraction"]=> string(1) "0" ["reportnodeid"]=> string(1) "0" ["iconpath"]=> NULL ["channelroute"]=> string(3) "172" ["channeltitle"]=> string(17) "Noida Real Estate" ["channelid"]=> string(2) "70" ["starterroute"]=> string(3) "173" ["startertitle"]=> string(61) "ITS OFFICIAL - Slump in realty sales hits brokers really hard" ["starterauthorname"]=> string(11) "trojanhorse" ["starterprefixid"]=> string(0) "" ["starteruserid"]=> string(5) "90794" ["starterlastcontentid"]=> string(6) "355130" ["startertotalcount"]=> string(2) "96" ["starterurlident"]=> string(59) "its-official-slump-in-realty-sales-hits-brokers-really-hard" ["deleteusername"]=> NULL ["lastauthorname"]=> NULL ["edit_reason"]=> NULL ["edit_userid"]=> NULL ["edit_username"]=> NULL ["edit_dateline"]=> NULL ["hashistory"]=> NULL ["starternodeoptions"]=> string(3) "138" ["channelnodeoptions"]=> string(3) "138" ["contenttypeclass"]=> string(4) "Text" ["createpermissions"]=> bool(false) ["moderatorperms"]=> array(26) { ["caneditposts"]=> int(0) ["candeleteposts"]=> int(0) ["canopenclose"]=> int(0) ["caneditthreads"]=> int(0) ["canmanagethreads"]=> int(0) ["canannounce"]=> int(0) ["canmoderateposts"]=> int(0) ["canmoderateattachments"]=> int(0) ["canmassmove"]=> int(0) ["canmassprune"]=> int(0) ["canviewips"]=> int(0) ["canviewprofile"]=> int(0) ["canbanusers"]=> int(0) ["canunbanusers"]=> int(0) ["newthreademail"]=> int(0) ["newpostemail"]=> int(0) ["canremoveposts"]=> int(0) ["caneditsigs"]=> int(0) ["caneditavatar"]=> int(0) ["caneditpoll"]=> int(0) ["cansetfeatured"]=> int(0) ["canmoderatetags"]=> int(0) ["canaddowners"]=> int(0) ["canharddeleteposts"]=> int(0) ["canundeleteposts"]=> int(0) ["candeletethread"]=> int(0) } ["channeltype"]=> string(5) "forum" ["canedit"]=> int(0) ["canview"]=> int(1) ["canmove"]=> int(0) ["candeleteposts"]=> int(0) ["candeletethread"]=> int(0) ["canopenclose"]=> int(0) ["canremove"]=> int(0) ["canundeleteposts"]=> int(0) ["showUnpublishedNotice"]=> int(0) ["canharddeleteposts"]=> int(0) ["moderate"]=> array(1) { ["candeleteposts"]=> int(0) } ["canmoderate"]=> int(0) ["textcount_1"]=> int(1) ["totalcount_1"]=> int(1) ["allow_post"]=> int(1) ["moderate_comments"]=> int(0) ["approve_membership"]=> int(1) ["invite_only"]=> int(0) ["autoparselinks"]=> int(0) ["disablesmilies"]=> int(0) ["disable_bbcode"]=> int(0) ["hide_title"]=> int(0) ["hide_author"]=> int(0) ["hide_publishdate"]=> int(0) ["display_fullincategory"]=> int(0) ["display_pageviews"]=> int(0) ["hide_comment_count"]=> int(0) ["can_flag"]=> int(0) ["caninfract"]=> int(0) ["canviewnodeinfraction"]=> int(0) ["canseewholiked"]=> int(0) ["can_comment"]=> int(0) ["canreply"]=> int(0) ["permissions"]=> array(12) { ["canedit"]=> int(0) ["canmoderate"]=> int(0) ["canvote"]=> int(0) ["canuserep"]=> int(0) ["canremove"]=> int(0) ["can_flag"]=> int(0) ["canviewthreads"]=> int(1) ["canviewothers"]=> int(1) ["caninfract"]=> int(0) ["canviewnodeinfraction"]=> int(0) ["canseewholiked"]=> int(0) ["can_comment"]=> int(0) } ["signature"]=> NULL ["musername"]=> string(8) "deepauls" ["online"]=> string(7) "offline" ["reputation"]=> string(1) "2" ["showreputation"]=> int(1024) ["reputationlevelid"]=> string(1) "4" ["reputationpower"]=> int(1) ["reputationimg"]=> array(3) { ["type"]=> string(3) "pos" ["level"]=> string(11) "reputation4" ["bars"]=> int(0) } ["canedittitle"]=> int(0) ["userinfo"]=> array(8) { ["userid"]=> string(5) "95141" ["username"]=> string(8) "deepauls" ["rank"]=> string(0) "" ["usertitle"]=> string(14) "Veteran Member" ["joindate"]=> string(10) "1287108420" ["posts"]=> string(4) "1088" ["customtitle"]=> string(1) "0" ["userfield"]=> array(3) { ["field3"]=> string(0) "" ["field4"]=> string(0) "" ["field7"]=> string(0) "" } } ["photocount"]=> int(0) ["nodeVoted"]=> string(1) "0" ["attachments"]=> array(0) { } ["avatar"]=> array(2) { ["hascustom"]=> int(1) ["avatarpath"]=> string(50) "image.php?userid=95141&thumb=1&dateline=1315207113" } ["isVisitorMessage"]=> int(0) ["subscribed"]=> int(0) ["joined"]=> bool(false) ["can_use_multiquote"]=> string(1) "0" ["views"]=> int(0) ["senderAvatar"]=> array(2) { ["hascustom"]=> int(1) ["avatarpath"]=> string(42) "image.php?userid=95141&dateline=1315207113" } ["parsedSignature"]=> string(0) "" }
Originally posted by bhuvang
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Hi guys,
I'm a novice in RE. However, does know a bit about finance. I do believe if another recession (predicted to be deeper) hits US, it could prove catastrophic for the entire world economy. India may have a bit lesser impact, but it'll be there.
Reasons (bit longer, but still brief) -
1. 2008 crash/recession was primarily caused by RE burst. That's why it was called "Sub-Prime Crisis".
That's why, this time world and especially China - India are correlated to US like never before. Pray that US shall never ever enter into recession again.
I'm a novice in RE. However, does know a bit about finance. I do believe if another recession (predicted to be deeper) hits US, it could prove catastrophic for the entire world economy. India may have a bit lesser impact, but it'll be there.
Reasons (bit longer, but still brief) -
1. 2008 crash/recession was primarily caused by RE burst. That's why it was called "Sub-Prime Crisis".
That's why, this time world and especially China - India are correlated to US like never before. Pray that US shall never ever enter into recession again.

IT Services/ BPOs are not a major contributors to the economy.
Oil payments need $$$s for now, but even oil countries are seeking substitute for the dollar. There seems a fair transition in sight, as most countries are seeking substitute for this currency. China is aggresively following the pursuit.
US's doomsday should be taken as a positive sign rather now for the new trade horizons to emerge; don't panic, global financial fall already passed last year.
Crisis like "Sub Prime crisis" can never ever touch India, Economy-banks-investments are dead end conservative in this sector. Fool Proof!
Cheers - one of my Economist friend (prominent national personality) told me all that!

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