All speculations and theories regarding the direction which the U.S. economy is taking have been laid to rest!! Yes sir, the U.S. economy is well and truly heading for a recession.. Now the million dollar (just a million ;-) ??) question is: Will the inflow of 1% of GDP, i.e. $140 billion to $160 billion, into the U.S. economy help revive it or will it lead to a short-term dull before memories of the previous recession in '91-'92 come back to haunt the U.S. .. Where does Mr. Daruwalla disappear to when we really need his advise, his keen insight into the future?
Second interesting question, how will the outlook of the U.S. affect the economies of the world? With Big Daddy going weak in the knees, are we too supposed to follow the Boss into a recessionary period, or can we rely on our fundamentals and lead the way, not paying any heed to the negative signals emitting from the world's largest and the most developed economy?
Quite simply put, a lot of tall projections have been made about the future of India -- these projections, the so-called merry picture of stupendous growth now faces a litmus test!! Are we strong enough fundamentally to shield our economy from the fallout in the U.S. and continue growing, albeit a bit more moderately?
The times ahead are sure going to prove dicey, the path going forward ain't going to be full of roses.. The roses seem to have withered away but they have left behind their thorns, thorns which can prick us, hurt us, draw our blood out! So can we walk the path or do we choose to back off, consolidate for a while while Big Daddy tries to resolve its problems and show us the way forward??
No comments:
Post a Comment