The year has gone by, and with all pomp and show we will be bidding farewell to the worst year as Outlook magazine would have it say, and Rediff would say that this year was not our worst terror hit year. The year that saw the election of the new president of the United States and the year where Tata would have thought of as not having existed, according to me.
From Chandrayaan, which went unnoticed due to the presidential elections in the states and the terror attack, to the Indo-US nuclear deal which was finalized this year. On a personal front progress meant spiritual growth and a new direction to life as a whole, there were trying times when no solution was in sight but time takes care of all, where a new day is present after every dark hour. It was a time when charge was transferred to a new general secretary after having completed the tenure with two successful and well managed events. Realisation that any responsibility goes with the knowledge of a certain level of discernment with it. This year marked the move from a day full with a flurry of activity to a general slump in activity.
Who would have thought that the biggest business houses in India would be struck with trouble more than twice in a year, the Singur issue where they had to relinquish an investment of about 1500 Crores and then came the terror attack that gutted the Taj, which adversely affected their stock, but as today’s newspaper reads, the most expensive buffet has been created at the Taj for the new year. Though Nano was bound to be in the market soon, it will be delayed for a while. I believe with recession around the corner Nano will soon be the choice of transport for all. Speaking about recession the fall of the Indian stock market which was on a high of close to 21000, to half that value, with stocks plummeting to less than half their value on that high. It was a time to think about the safest investments on the block, with the stock market losing its lustre as a lucrative option. All said and done there are those for whom “One man’s meat is another man’s poison” so this slump could well mean boom time for some. Indian markets were much more stable to the pangs of recession than other markets, but as reports would have it the manufacturing sector has recorded negative growth last month, and another month of the same will spell the words “ recession” for India too. Globalization in its true form showed itself, job cuts, business slowdown, and sad stories of layoffs. What was unnerving was the way in which some people were told to leave their respective companies. Jet airways was the first example of it.
News is rife, after the terror attacks, of an impending war with the neighbors but hopefully the administration his a non violent solution to it. What a friend narrated to me made me feel that after all the terror attacks the indomitable spirit of Mumbai is applauded is just to make the financial capitals work horses run after the carrot fervently. West Asia sees the Gaza strip being pounded by Israeli air strikes and a ground offensive in the offing, I strongly hope we do not follow suite, some opine that this is an opportune time to stake claim for POK. The strikes could well escalate and continue for a while. On a more personal level recession spelt the return of a few academicians due to lack of funding. News trickled in that well known labs closed down in the United States, touch wood it does not happen to others.
The question lies , where do we go from here……………..