My opinion deals with the situation which is prevailing in all the countries. This crisis happened right from the summer 2007, has been going on till now and it curtails the overall economy.
In my view, the elected senator of USA, Mr.Obama's words "ship out the job overseas" is averse to the growth of the Indian IT sector, because most of their projects deal with our (INDIA) country. His recent speech points out that companies outsourcing jobs overseas should pay attention to local investment. This protectionism tumbles both US and INDIAN economy.
In the circumstances,the national statistics says that there is a decline of 2.5% in UK's economic growth (from 2008 till now). Even countries with the privileges of technology and innovation , namely JAPAN and CHINA are facing global crisis. Their economy deals with strong exports . We know that these two countries export electronic cars and high quality goods. Since US consumers have stopped spending, it causes an adverse impact on their factories.
Although the global companies offer the best quality in exporting their goods, there is a fall in their sectors.
As a conclusion, my suggestions to overcome this is to conserve money, for example, allocating about $ 387 billions to the political sector in Mr.Obama's budget plan not an efficient one. Only, smooth dealing between the producers and consumers can elevate their economy.
by,
S.Shobana
In my view, the elected senator of USA, Mr.Obama's words "ship out the job overseas" is averse to the growth of the Indian IT sector, because most of their projects deal with our (INDIA) country. His recent speech points out that companies outsourcing jobs overseas should pay attention to local investment. This protectionism tumbles both US and INDIAN economy.
In the circumstances,the national statistics says that there is a decline of 2.5% in UK's economic growth (from 2008 till now). Even countries with the privileges of technology and innovation , namely JAPAN and CHINA are facing global crisis. Their economy deals with strong exports . We know that these two countries export electronic cars and high quality goods. Since US consumers have stopped spending, it causes an adverse impact on their factories.
Although the global companies offer the best quality in exporting their goods, there is a fall in their sectors.
As a conclusion, my suggestions to overcome this is to conserve money, for example, allocating about $ 387 billions to the political sector in Mr.Obama's budget plan not an efficient one. Only, smooth dealing between the producers and consumers can elevate their economy.
by,
S.Shobana
III CSE
Dear Shobana, you had not edited your writing with care. You can see that careful editing makes a big difference to the quality of our writing. Some of your arguments are given from a purely Indian perspective and may not be accepted by all.
ReplyDeleteI truly appreciate the effort taken to collect your thoughts on this topic. A little more reading from the web, newspapers and editorials might have widened your perspective.
SKCL
nice..informative message.every indian should care about india..proud be an indian
ReplyDeleteby P.RAJARAJAN