Last 10days I spent in India with lots of activities around. But during all these times I also kept on coming across stories of looming recession and must have cost cutting measures across organizations. I feel we are becoming too aggressive on this matter and eventually pushing the economy towards recession. Less spending would naturally mean lower consumption meaning low manufacturing requirement, cut in salaries, less money available for spending and cycle goes on.
I think we need to relook into our thinking and push forward for anti recession policies. The fact remains lots of corporates in India are on hiring spree inspite of so called doom times ahead.