The year that has been!

In 4 days from now; we are bidding goodbye to year 2009 and to the decade.

The past year has been full of happenings; year started with Satyam scandal; where probably most big scandal of India Inc has reported. This followed by quick action by government and all ended good with TechMahindra taking over. But it has created bigger impact.

This year also saw series of steps from governments all over the world to arrest the recession impact. It is quite clear that, this kind of stimulus packages helped world economy to revive itself towards end of the year. The tax payer’s money was used to revive companies and at end it made a lot of sense. Though towards the year end, Dubai world scared with the recession danger, but it saw some quick action from government.

This year also means bankruptcy of GM, Chrysler, and few other crown jewels of the industries once upon a time. There was strict cost cutting measures all over across industries; which led to hiring freeze and cut on salary and bonus. I guess, there are some companies which quickly understood the sentiments associated with this kind of cost cutting and took action to prevent it turning in to negative impact, some fail to understand which saw sudden jump in attrition.

From political front; general elections in India gave a more stable government and there was a change in US political scenario as well. Which, I would believe should lead to better ties between two countries leading in to more streamlined business relationship.

From personal front, there has been a change as well. And this is an extremely good change for me and family. Looks like it was much needed change and happened at right time.

Wishing you all a happy new year!