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Is the recession over for the Indian economy?

The confidence level of India Inc is on the rise, as it is clear that India, like the rest of the world, is slowly emerging out of the recession. Jobs are back and India Inc is witnessing an upsurge of 15 percent in hiring trend, thanks to the improving economic climate. Eighty per cent of the companies believe that the Indian economy is on the road to recovery, says experts.

Banker of the banks, World Bank, extended its support to India by approving loans worth $4.3 billion. The loans would enable financing infrastructure development in the country and in supporting some of the state-run banks, as the Indian economy revives from the global meltdown.

Are the clouds of recession lifting over the Indian economy?

Do you think that layoffs and salary cuts may not be the order of the day anymore?


Commonwealth Games: Pride at stake for Delhi

India needs to take immediate steps to ensure that it is in a position to host the 2010 Commonwealth Games, a BBC report quotes Indian Olympics Association secretary general, Randhir Singh. He said that some of the concerns raised by Commonwealth Games Federation chief Mike Fennell over the progress of preparation were valid. In a letter to the local organising committee Fennell has warned that Indian plans were severely behind schedule. There are also concerns over security arrangements and housing for guests.

A union government report a few months ago found that work on 13 out of the 19 sports venues were running behind schedule.

Do you support Fennell's concerns that current situation poses a serious risk to the Commonwealth Games in 2010?

Commonwealth 2010: Is Delhi ready? Do you think the infrastructure would be ready on time despite the delays?


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