Progression in Recession
Last few days, I spent some time chatting with employees of large Organisation while doing daily chores. I met front line executive of leading Privilege Banking firm, I spoke to senior staff of a reputed hotel in Mumbai, also chatted with a senior member of a Public Sector Unit. I made seven such contacts. I asked a question, “what do you make of current scenario building in India…the political stand-off, the capex slowdown, the stress on most balance sheets and seeming recessionary trends” I got some interesting answers ranging from …it’s doom time …we are completely lost …the company is taking rash decisions …we don’t know about our future …india will go back to draconian times …India shining is passé . Now let’s unveil the above…any such environment of economic slowdown or stand-offs have something in common…natural slowing of pace of business, slow decision making, slow movement of money, less communication, increased caution in newer things….underlying s...