Still Worst To Come For Indian Econmy.

[bankbars]

Hi there,
The heading seems to be heart breaking, but this is been predicted by the famous economy analyzer that Moody. According to him, there is decline in industrial growth by 0.5 % as well as exports also dropped by more then 15%. Already the indian economy are experience pinh and the worst time is still to come. How many for you think that indian economy will really face such havoc.

Regards
Bankbars
barclays.in

[snafu]

Woefully ignorant of Indian economy. Who is their largest client? Is your banking system strong enough to stand rockets from globalization? We only see political newscast about India

In Canada the USA is our largest client and when American consumers stop buying we are on a wild, downward rollercoaster. It hits fast and hard. We've gone from 4% unemployment to as high as 12% in some regions.

Some think we are socialists since the hospitals and basic medical care is tax based. Our unemployment insurance system is self supported with compulsory premiums paid 2/3 by employer, 1/3 by employee.

The only thing we have going for us is a very strong banking system. No one gets credit unless they have assets to back it up or experience to verify successful projects. Canadians often grumble that the only time they can get bank loans is when they don't need it.