"As the slowdown tightens its grip, household budgets are getting stretched and discretionary. People are taking harsh steps towards themselves" ---- Recession Remix
-- Savings are being made wherever possible, and trying not to take any risks.
-- Haven't bought toys for kids for the past two months.
-- Wanted to buy a new washing machine, guess it has to wait.
-- Cancelled all holiday plans, Xmas/new year spending will be in check
-- have to stop the sips of the mutual funds.
-- slowly IT sector is getting hit, resulting in job/salary cuts
-- Save power
-- Cut fuel costs
-- Simple living
these are among the top few actions people are taking up due to the black clouds circling around them.
this is what one of friend said, who currently works for one of the leading private bank in north india. employees are being asked to leave as their rating is 5/below 5 and aren't generating revenues for the bank.
the heat will go down and the upward trend will begin very soon. india will be able to recover from recession by the end of next year. india will not be hit much, because of the planetary positions and so is the case wih other asian countries. however there will be 2.5 lakh jobs cut in luxury goods, exports, steel and IT industry in the next couple of months, along with a 40-50% decrease in the salary and perks of employees. the recession in india is a side effect of western counteries. an astrological explanation is the current placement of saturn, which is responsible for stability of weath, in simha rashi (leo), which is also his father's house. a related reason would be the placing of the wealth planet, jupiter, in the neechha position, causing the economic crisis. --- said by yet another leading astrologer.
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