Worldwide economic turbulence
It is the economic turbulence that had started with the most controversial economic meltdown roughly 2 years back, is still continuing to show its tantrums.
We must admit that initiatives from various fronts have enabled us with the power to combat the disaster but the potentially disastrous economic meltdown still exists.
It is really difficult to annihilate the impact overnight, but continuity of such issues affect the development front. In fact, people have become panic stricken and they still remain hesitant before investment. When the investors turn their faces off, the market is bound to remain passive.
This is true that investors always favor a booming market, but such an aggressiveness is not expected by any magical spell.
When the people are still worried about the job security or they loss their dynamism to change over, the entire market suffers from an unimaginable stagnancy, where fertility can not yield at a great proportion.
If one wants to delve into the core reasons, the analysis will finger point at the pitfalls of the banks and financial institutes and mainly their system. Alas! the world is suffering for that.
Government of India has certainly reduced the boosting packages for the industrialists in this budget and the industry segment has opposed partially, by default.
It is certainly not recommended that the market should be continuously boosted up by privileged financial packages, then the entire financial system will collapse giving birth to several economic meltdown syndromes.
This is high time when the industrialists should learn to become independent without the government aids. On the other, the government should also ensure the fund flow in various segments, which had been stopped by such economic turbulence.
It is a chicken and egg story, whereby nobody can claim the winner. Perhaps we need to wait for one more year to test the sanctity of the prevailing system.
