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Q.

Did the saving habit of the Indians stood them in good stead in this recession-hit period?

Asked by Good Citizen, 09 Jun '09 02:56 pm
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Answers (5)

 
1.

Not just the saving habit... In this time of ecomnomic recession India an china have been able to survive because they are not depending as much on exports for consumption of their produce. A large part of our consummable and durables is consumed in domestic market,,, so there is a demand for everything here ... the compaies which depend totally on exports have faced the similar crisis as their western conterparts
Answered by Aditya Misra, 09 Jun '09 02:59 pm

 
  
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2.

Yes certainly. Look at our domestic consumption that is not affected like that the western countries and our stock markets that are rising rapidly
Answered by Roy, 11 Jun '09 12:43 pm

 
  
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3.

Yes, the Indian family system and its saving habit has largely insulated the countrys younger generation from the ill-effects of global economic crisis, whose impact is being felt on the Indian economy, though on a lower scale.

The downward plunge of the Indian stockmarket has hurt the fortunes of thousands of investors, big and small. It will also have broader implications for India\'s financial system and the future of savings and investment patterns. Over the past few years, cautious investors had started to diversify away from bank deposits and cash, moving into equities, mutual funds and insurance products. But the market turmoil is driving them back to the safety of bank deposits, reducing the amount of capital available to other instruments and possibly retarding the growth of the financial-services industry as a whole.

India\'s high savings rate has been a crucial driver of its economic boom, providing productive capital and helping to fuel a virtuous cycle of higher grow ...more
Answered by dharamender nebhnani, 09 Jun '09 05:35 pm

 
  
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4.

Yes indeed.
Answered by Bharathiyan, 09 Jun '09 03:37 pm

 
  
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5.

Baap dadao ne sikhaya hai.
Answered by Union Tango, 09 Jun '09 03:04 pm

 
  
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