Things that would change..

Fears all around, Nobody is sure what is in platter next, everyday media keep on reporting on job losses, experts keep commenting on how to go slow, veterans suggesting to save for future usage, retailers struggling to push their products to customer at any cost, Oil tocuhing down below USD $ 30, sends a feelers about depression in Auto sector with glooming economy getting into a depression from a recession. Analysts speak about certain countries are insulared from recession and things would take good shape late 2009. Capital market investors shy away from investing in equities, fearing revenue loss, consolidation of equals, un-ethical trade practices beating corporate governance and so on..
What to Do ? Why it happened ? How to recover ? What's there for me ? When to take action ?

Questions are many, With no probable answers, Or we are shying away from realities. Whatever it is, what would change now...

Talk about India... blessing in disguise... live worms that created by indian population being wide spread across the globe, you name a country from serbia to USA, Uganda to Bangladesh, developed country to developing country, Indian live worms are everywhere, And that's the Growth engine.... Being a Yes sir person in Qatar Seth's Palace or a management freak in Wall Street, Or a corporate goverance change agent in helping people under UN theme, people.. people... people and people... of Indian Origin.

That's how the country evolved with restrictive education options, diverse deviation from rich & poor, lack of motivation in home grown sector, changing attitude of indian people, sharp adaption of western culture and so .. on ... so forth.. really made us align to few things that inevitable to face in slowing economy...

Our economy is puerly service oriented. Just look around your house and in last 1 year, you would have seen a major set of departmental stores, bakeries and so on come up in your vicinity, they all belongs to Service sector. And major software exports to US till date, and whole of the Indian economy driven by services. While agariarian and mfg taken a heavy toll in rising GDP of country, services being affected by slowing economy on the dependent state of affairs.

What could change, yeah, service sector biggies hired in bunch with high renumeration, possibly they are feeling the pinch when sales are not growing rather in down trend, making business to grow year on ear by 30% is thing of past. Presently to keep afloat, org's looking at cutting cost, empl salary and finally re-trenchment. While few companies looking at easier way to get rid of work force to have the operations at minimal level, while few org's ready to erode their surplus and reserves to have the work force intact. Everybody knows that, economy won't be in the same state forever. It's has to bounce back, but when. Possibly as early as Aug'09, or end of 2009. It's all speculative. It's like supply and demand curve of economics. Services are in supply of excess and there is a fierce compeition. While HR folks are in demand to chalk-out work force, org's scared to augement staff when the shadow of recession goes off.
..................Shall continue next..... Feeling sleepy...