We are about to send off yet another year in to history. Perhaps most dramatic year!
We saw almost everything in this year, high and crash of stock market; financial system melt down; manufacturing sector reaching it’s bottom; inflation high/lows. In summary, we have seen all, which literally created liquidity problems to working and business community. Arguably this termed as worst year industry ever seen; where impact was seen across all industries.
Internationally, this year saw meltdowns like Lehman Brothers, narrow escapes of GM, Ford, Citi. Officially entire world is in to recession. Bad numbers poured in from US, Europe, Japan, India, Russia and China.
In general, we are not yet out of recession; we still need to deal with its impact.
It was large belief that BRIC countries (Brazil, Russia, India and China) are largely insulated from what happening in US and Europe, this year proved that concept wrong. No body in insulated and it impacts all alike.
From social front, we saw worst terror attacks, which took entire world shocking.
Though, silver line being Indian sports; this year we have been on high. We also saw premier sports event, Olympics being conducted with at most precision.
So, there will be no tears in saying good bye 2008. Let’s hope we will have better 2009; where the happiness and energy in the industry comes back.
Wish you a happy and safe new year ahead.
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1 comment:
Hi Santosh, I read most of your blogs of year 2008 and liked them. Wish you and your family A VERY HAPPY NEW YEAR.
Regards,
Abhilash Jain
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