Friday, October 30, 2009

Is India Facing Recession ? POLL



Most important and basic question to know every indian that "India is facing recession ?"
#:Many of them(Indians) are confusing whether Recession in India is present or not ?? and most of them think that India is facing recession.

When Taking POLL into the account , Around 72% of them voted that India is facing recession. This also proves and strengthen the above statement(#).

But but.......INDIA is not facing "RECESSION".
India is only Experiencing "Economic Slowdown".

There is a difference between Economic Slowdown and Recession.
Recession: A true economic recession can only be confirmed if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters.

Some of the Countries facing Recession are: US, UK and some parts of Europe, etc.
Some of the countries facing Economic Slowdown are: China, South Africa and some parts of Africa.

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