India at bigger crisis..

The whole world is being squeezed by the imp called inflation and world nations are suffering great pains to rebuild their economies and start from the scrap to make the people feel their investments and savings are secure. Some of the countries have also taken strict measures to make sure their citizens don't suffer due to unemployment by restricting foreign citizens from getting into the companies and other firms in their countries. When it comes to a nation, there is nothing wrong in being selfish and planning for the people and nation's progress in the future. And that is exactly what the world nations have started to do. Many IT firms based in India are almost completely dependent on U.S and European markets for their projects. Now, with U.S.A being badly affected by financial crunch, the Americans prefer saying NO to outsourcing, which means the danger light has been switched on for the Indian firms. Indian companies are so shrewd they knew they would be required to face a situation as bad as the one they are experiencing now beforehand and tried their best to transfer their sources to other parts of the world. Unfortunately, this effort was not completely successful and as a result, in spite of all their hard work, our firms had to face some losses in terms of foreign income and share values. This has been reflected by the firms' stands on recruitment processes, for which a temporary halt has been put. Thus, there is a blockade for foreign income to get into India now. To add to this crisis which is quite common in all the countries at present, the terror attacks on the three of the best luxury hotels in Mumbai has resulted in many foreigners hesitating to even turn back to India again in the future since the targets were these foreigners and more specifically, Israelis, Britons and Americans. Life is more important than tourism. So, we can expect a strong depreciation in the quantity of foreign inflow due to terror attacks and the already existing economic crisis, which means India would be the most affected nation during this crucial period. Let us hope the recovery techniques are considered quickly and handled deftly by our new Finance Minister, who is also our Prime Minister.