THINK POSITIVE ABOUT THE RECENT CRISIS!

Of course, we are having financial mess all over the world but should we get afraid of it and loose our confidence or keep watching and waiting for the economy to recover! why don't we think this crunch as boon and get benefitted and rectify all our errors and ommissions.

September 2008, the fall of Lehman Brothers, Beginning of the collapse of Global economies, starting from the Housing Sector and finally entering the real sector, De-coupling theories with EMEs failed, the crisis spread the world over, the world stunned!!


Against all odds I am optimistic and see it as an opportunity. History reveals that after a crisis is over there has been a prosperity scenario.

Newton's third law says "Every action has equal and opposite reaction"

which was proved long ago. We know that at present the world is suffering because of this financial crunch .Then cant we expect any positive impact of today's 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.

                "Behind every dark cloud there is a silver lining"

Today the world is in a financial mess. Everyone is talking about financial crisis all over the world. But nothing lasts for long. Everyday we can't expect our economy to be in boom. The economy tends to move in various phases i.e. from expansion to peak and then peak to recession and along the way of "Phase to recovery" and once again to peak. This is because of two human emotions, Greed during expansion as the cause and sufferance during recession as the result.



The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises and sovereign defaults. The current financial crisis is the worst of its kind since the great depression of 1930s. It becomes prominently visible in September 2008 with the failure of several large us-based financial firms. The global financial meltdown has spelt disaster for the world economy in general and for the US and the European economies in particular. But surprisingly when world's developed economies are suffering, there the developing countries like India and China are still spending money in many projects. Do we need to believe that Indian growth story is over? The answer is a big no. India is still to enter its golden phase of growth. This is the time for India to march on and look for opportunities to make its presence felt on the global economic map.

As we know that;

  " optimist see oportunity in every difficulty,
    whereas pessimist see difficulty in every opportunity"



To conclude, let us hope for a stronger India by rectifying all its economic weaknesses after this so called financial crunch.