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Inter-linked

Global economic meltdown has affected almost all countries. Strongest of American, European and Japanese companies are facing severe crisis of liquidity and credit. India is not insulated, either. However, India’s cautious approach towards reforms has saved it from possible disastrous implications. But then, the Indian economy is also facing a kind of slowdown because world trade does not function in isolation.

All the economies are interlinked and any major fluctuation in trade balance and economic conditions cause numerous problems for all other economies. But recession seemingly does not affect the rich as they never seem to abandon their shopping binge. As the common saying goes, only the rich get richer and the poor poorer.

Lalitha,

Madurai.

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