China has already dumped a lot of its products in countries other than European countries and America. People now believe they have been duped into buying products because of low costbut which don't last that long. What a loss of fund! When will Govts take action to stop this state of affairs? Some people are getting rich on the sweat of the population by purchasing at random from untrustworthy Chinese producers. How do you explain an econo bulb going out of use after only one day?

India not facing recession: Chidambaram ??Few months ago, Mr Chidambaram was saying that India is not being affected by Global Slowdown and our growth rate will be robust without being affected by international slowdown and inflation etc is only global phenomenon. Now he is accepting Slowdown and not recession. It is pointed out here only to show the concern so that immediate remedial steps may be taken urgently instead of delaying measures by dreaming that there is no problems. Jai Hind.

A recession is defined as two consecutive quarters of negative growth. UK plunged into recession recetly. US is already in recession. In India the growth rates have come down from 9 percent to around 6 percent. But the fact of the matter is we are still growing at 6 percent. Even if there is a growth of 1 percent, overall jobs in the economy will continue to be created and the nation will continue to prosper. The PC and MM duo have done a remarkably good job in ensuring that the impact of the global recession on India is minimised as much as possible. People like Dhanesh who indulge in mindless criticsm of anything and everything should educate themselves first and get some information on what they are talking about before pretending to know everything.

He is a liar who has made in billions thru particpatory notes

One big reason for India being somewhat protected from the ill effects of the global melt down is the regulatory norms our governance have on the private sector banking and related businesses. These regulatory norms have only revealed the Satyam Saga. Otherwise these sort of frauds are pretty common in the western democracies and since they have total capitalist economic norms, governance do not have strong clutches on the big corporate players.

These sort of interpretations do not help. Recession is nothing but slowdown. Where is low slow down or fast slowdown? Every country in the world is affected due to the recession or slowdown, both not much different. Recession ( say, when my neigbour is fired ) may make people to go to depression ( is when I am fired ).