Friday, March 27, 2009

Why India tries, and others cry

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Will others learn from India’s logic of not ignoring newer markets?

Almost all economies across the globe are facing the negative tide caused by the recent financial crisis that first struck US, and in a rather harsh fashion. And just as unbelievable as this one sounds, all of them could have easily avoided such an ill aftermath. India on the other end is only facing some mild side effects of the mayhem that found its epicentre in US. So where is it that they all went wrong, unlike India? The answer is simple – greed!!! Surprised? Well, what better than a $13.7 trillion economy to have strong trade ties with? And for every other country, that meant partnering with the mighty United States of America and get blind to every other economy!

India’s export catalogue is highly diversified – dominated by products like handicrafts, textiles and leather, which undoubtedly suffered due their falling demand falling in global markets; however, the overseas sales of engineering goods, metals and petroleum products rose during the same period. India’s clientele is also geographically diversified.

For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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The Indian Institute of Planning and Management (IIPM)
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