Ngurjar
Management Consulting, Management Development,
Forscher.consultancy
To Make Sure Innovation Happens !
Pon1965
Construction
Sriramwarrier
Recruitments, Training, Couselling &
Ajayaatreyasa
Recruitment, Labour Laws, Skill Mapping,
Vijumba
Operation Research, Production Management,
Dargipriyanka
Job Seeker
+1 Other

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Dear All,
There are vibes in market that recession may hit USA again. We have faced recession several times as a part of Economic cycle but question is "Do we have plan and the strategy in place to survive in the recession period ?"
Please find the news and interview on yahoo finance below:
U.S. Economy "Gradually Deteriorating," Levy Says: Recession Likely in 2011: Tech Ticker, Yahoo! Finance
Please post your feedback if at all it hits again what measures companies should take to survive in the recession ?
Regards
Sarang
Forscher Consultancy
Email-1:sarang@forscher.co.in
Email-2:being.innovator@gmail.com
Web: Forscher Consultancy

When US sneeze, other countires like India, UK etc gets cold.
but this time i dont think it may far effect india. We are much better on safe side.
Onething is for sure. When there is a recession, you would get to know about the pre recession effects.
so would encourage to become enterpreneurs. rather than to search jobs.

If you look at the way they have defined it, perhaps not... But yes the markets have slowed down a little... So, there is 'recession'...
Guys, Question is not we are safe from recession or not. Question is, Are we ready to handle recession and What measures need to be taken before we are hit by recession again ? Regards Sarang
Previous recession saw many Banks in USA either declaring themselves bankrupt or registering huge losses. This was mainly due to two main reasons. Firstly, Lack of proper governance from a regulatory body (like RBI in India) and secondly, the fundamentals of the economy is not as strong as India.
If you are well read on the mortgage crisis (which actually triggered the recession) and the actions by US govt which followed, one can assume there are less chances for a revamp of the Recession in 2011.
If by any circumstance , recession returns in 2011, i believe India is more than equipped to face the challenges faced by the same. Industries which depend on US economy will suffer , but otherwise it will not be of any trouble to India.
Dear Sarang,
To the question what you have raised - if you have learned from your earlier mistake and made necessary strategic adjustments to your business model , there is no need to fear about the future

I think India & China will not have much Impact. As if we see globally many FDI & NRI r seeking opportunity here. We r generating well as compared to America. Its just due to the currency they are strong as its one of the reserves in IMF & World bank 4 many countries.
Still if money comes from Swiss bank where people have reserves in India we need not worry for years.

will Software industry again have to face recession , Do Software pros started to feel effect of recession?
Yes, S/W firms are dependent on US companies. The stocks of S/w companies are plunging during last one week. Pon

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