Indian automobile market is in a better state than US

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   JYOTI KOTHARIposted 15 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

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2. 58

   Mark Knowlesposted 15 years ago

   Give it time........

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      dingdongposted 15 years agoin reply to this

      But, why? for what?

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         Mark Knowlesposted 15 years agoin reply to this

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

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            dingdongposted 15 years agoin reply to this

            Yes, I hope for the good

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               Mark Knowlesposted 15 years agoin reply to this

               
               
               Don't fool yourself. The Indian economy is tanking along with everyone else's.
               
               "No man is an Island," and certainly no economy is either.......

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                  dingdongposted 15 years agoin reply to this

                  I was trying to be positive
                  
                  Nothing much I have to say, you got better knowledge that I do respect

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3. 79

   Shadesbreathposted 15 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.)

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   JYOTI KOTHARIposted 15 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

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5. 58

   Mark Knowlesposted 15 years ago

   Give it time.
   
   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
   
   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.

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      JYOTI KOTHARIposted 15 years agoin 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

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6. 49

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7. 49

   larry_lionposted 15 years ago

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8. 49

   larry_lionposted 15 years ago

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      dingdongposted 15 years agoin reply to this

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

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