Recession-The villain of Economy

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What exactly is a recession?Is it just a economic slow down or more than that.Recession is not just a slow down in economy,a problem which can be addressed in a period of time.But recession is even more a bigger problem.Recession is nothing but the decline in the gross domestic product(GDP) of a country for two or more quarters of a year.In the case of recession,the GDP of a country comes down drastically.What does recession do? When a particular country is hit by recession,
  • ->The country faces huge economic down turn.
  • ->The unemployment rate of the country increases drastically.
  • ->The production in the industries is cut down.
  • ->The inflation rate shoots up radically.
  • ->And the biggest problem of all these is, people who are employed lose their jobs indefinitely.
  • ->Still there are many impacts of recession,but these are some of the main problems.

And since the world is hit by recession now,The only expectation of all the people is,When is it going to end and normalcy prevails.It has shaped up as the single largest problem for the whole world.It all started from America, where people who borrowed money from banks failed to repay,which led to dept defaults. Due to defaults, the property prices fell and led to sale of property.Situation became even worse due to Lehman Brothers’ bankruptcy.Which left the inflation to shoot up and rest is history.

Now not only America is affected by recession,but the whole world is.Since every country is dependent on each other in one way or the other. India is no exception.But India is not facing a complete recession, but still there is economic slowdown,which also witnessed high inflation,but it has come down now.But still even in India there is increase in no. of. people losing their job day by day.NO industry has been spared, from IT to automobiles every industry has cut down on production.This is because of the decrease in the consumer’s spending.experts say recession would last from 6 months to 2 years.we can only hope that this problem is addressed sooner than later.

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It’s time to go vertical

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Today inspite of the economic down turn, there are very few countries growing with a very good growth rate. One such country is India. Still India is one of the very few countries that are attracting a hand full of investments in various fields. Especially IT AND ITES sectors are one of the fastest growing sectors, but the other sectors are not far behind.

Even though it’s a good sign for Indian economy, still there are few flaws that are to be corrected. There is one big question that is been asked that is, do we have the correct infra structure to cope up with the billions of investments. That too the main thing, which is required, is that the enough space for a firm to set up their facility.

But with lots of investments coming in the requirement for the office space is peaking up. But with not enough space left within the city, the companies are being setup in the suburbs. But due to the increasing demand for office space, now even the suburbs are fast filling up. There would be a time when there is scarcity for land, if this continues. But there is a reason for scarcity of land in our country.

The reason is that, there are restriction for the floor space and the height of the building. In most of the cities in India. That puts pressure on builders to look for more land space which in turn leads to scarcity to lands. But there is one way to overcome this problem. It’s time to build the buildings vertically. Government must lift the restrictions on the building space and height. So that there can be more office space available. So vertical is the way forward.

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Good roads-today’s need

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Roads is the other name for infra structure. Good roads are the need of the hour for the betterment of the Indian infra-structure. If there is one common problem that, Most of the Indian citizens are facing is the condition of roads. If u approach a common Indian and ask him what would be their first complaint against the government. Their first answer or the complaint would be bad roads. So it is one of the biggest problems that India is facing right now. So the need of the hour is good roads. That too, with the no of business investments coming into the country. It is mandatory that we should provide the perfect infra-structure for the SEZs and the other firms to be setup. It is almost certain that without the proper infra-structure, it’s difficult attract further investments. So without any further delay our Indian government should take immediate steps to lay new and long lasting roads. That too it’s the need of the hour for the metro cities. If there are good roads it is always good for the growth of the nation…
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