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Indian automobile market is in a better state than US

  1. JYOTI KOTHARI profile image73
    JYOTI KOTHARIposted 8 years ago

    Indian automobile market is also shrinking in this period of global economic crisis. But it is in a relatively better position.Where US market is plunged by 40% in a year to year basis Indian market has fallen by 10 to 15 percent only.

      Jyoti Kothari

  2. Mark Knowles profile image60
    Mark Knowlesposted 8 years ago

    Give it time........

    1. dingdong profile image60
      dingdongposted 8 years ago in reply to this

      But, why? for what?

      1. Mark Knowles profile image60
        Mark Knowlesposted 8 years ago in reply to this

        For the Indian automotive industry to catch up smile

        The real estate industry and banking industries are falling at the same rate the US's were 12 months ago, so - give it time......

        1. dingdong profile image60
          dingdongposted 8 years ago in reply to this

          Yes, I hope for the good smile

          1. Mark Knowles profile image60
            Mark Knowlesposted 8 years ago in reply to this

            lol

            Don't fool yourself. The Indian economy is tanking along with everyone else's. sad

            "No man is an Island," and certainly no economy is either.......

            1. dingdong profile image60
              dingdongposted 8 years ago in reply to this

              I was trying to be positive smile

              Nothing much I have to say, you got better knowledge that I do respect big_smile

  3. Shadesbreath profile image89
    Shadesbreathposted 8 years ago

    The third domino doesn't fall until the first and second do.


    (Well, unless someone bangs the table, but that's a different story.)

  4. JYOTI KOTHARI profile image73
    JYOTI KOTHARIposted 8 years ago

    Indian economy is not in a dud. No job loss till date. No bailout plan for banks or financial institutes. Yet, no bank is failed.
      If you are talking of share market, yes. But Indian stock market sky rocketted and this is a correction.

      Just look at the figures:

      1.    BSE Sensex: 2,594.87 for the year 2001 on september 21.
       
    2.     Dow Jones:8,235.81 on the same date.

      Dow is trading near the same now but BSE has recorded above 9300 today that means it is more than tripled in though plunged a lot.
    Where America, Japan and most of the Eu countries are in recession or going towards that India is maintaining a growth rate of more than 7.5 % so far. It was 9% for the last 4 years.

       That is where India.

      Jyoti Kothari

  5. Mark Knowles profile image60
    Mark Knowlesposted 8 years ago

    Give it time. smile

    Citigroup has just sold it's outsourced Indian operation along with 12,500 jobs.

    http://www.iht.com/articles/2008/11/18/ … 18citi.php

    But if you think the Indian economy is not connected to the rest of the world's, you go right on thinking that lol

    I am sure none of India's income comes from exports and I am sure the rest of the world will keep on buying what you are not exporting......

    The BSE Sensex is down to 8,937 today. The fall being led by banks and realty. I agree it is unlikely to fall as far as the US stocks but do not fool yourself too much.

    1. JYOTI KOTHARI profile image73
      JYOTI KOTHARIposted 8 years ago in reply to this

         No one can be isolated in today's world, I agree with you. But India will be least affected in this global slow down because of its huge domestic market.

        India is not, till date, an export oriented economy.

        Jyoti kothari

  6. 60
    larry_lionposted 8 years ago

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  7. 60
    larry_lionposted 8 years ago

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  8. 60
    larry_lionposted 8 years ago

    hello
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    1. dingdong profile image60
      dingdongposted 8 years ago in reply to this

      Welcome smile

      You are going to get a lot of spams in your email inbox unless you edit your post and remove the contact id lol

 
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