The current global financial crisis is expected to dominate the discussions UN General Secertary Ban will have with the Indian leaders,today on his arrival sources amid calls for revamp of the international financial institutions, the two sides would be looking
at ways to prevent recurrence of such an economic crisis.
With India on food front has procured adequate wheat to feed and its rice stockpile to about 10 million tonnes and stopped exports, a wise move in a country of 1.1 billion people but bad news for the rice price stability in other Asian importing rice.
India with foreign investment pouring the government looked in best of states without making any sincere efforts in galvanising its industries,the stable and influential one looked for forein collaboration with more inject of foreign direct investmen and
extended market,treasury gettingunexpected boost of revenue.Orgainsed sector thus garnering increased pay package in span of ten years which has direct impact that of inflation which was imminent in artificial fast economy measures without any concrete plans to create
employment and unskilled,semi-skilled skilled jobs for the new entrent industry is sure to bring the recession in this part of the world.
With festivity closing months India Inc is exhibit its color of recession in the market with seven industries to trim its 25 percent to 30 percent employees in aviation.steel,IT,Financial,real estate,cement and construction due to the pinch they are already
suffering and are no longer in a position to sustain their operations with existing manpower strength, Assocham said in its study on ‘Jobs Scenario Post-Diwali."HR heads of these sectors have drawn up
conclusive plans to curtail their workforce by 25-30 percent,announcements for which is likely in the next 10 days or so," Assocham President Sajjan Jindal said.
These corporates have no other alternatives to sustain operations with squeezed margins after drastic cost-cutting measures like denying bonus and ex-gratia Assocham further adds Reserve Bank discontinues with its tight monetary policy and cut the interests rates by at least three percent.

Sagar adds Nation needs positive cordinated industrial growth policies with long term vision with sense to outreach skill,education and knowledge with values and rampent corruption with treasury and placement with neoptism and redtapism in plan are the sweeten poison which vitiates the grwoth in Indian economy thus marring its potential growth.