Q FROM AN MBA STUDENT -by when can we expect the effects of recession going away?
Its difficult to narrow down on a specific time frame, but on a rough guess its matter of may be 2-3 quarters when recovery will start. In a country likeIndia recession is more of a sentimental in nature than the economic one. Recession in India in real sense is unlikely to happen for quite a few years, yes slow down in economic activity every now and then may be possible. When the economy is dull or growing at a slower pace job opportunities are limited and there is an intense competition from job seekers. This can bring down the pay packages offered to highly skilled people. This applies to even MBA students. This could be a temporary phenomenon and within a year things should change for better. So cheer up and do not lose hopes