Indian private sector faces deep depression – the Government sector has no trouble
Babu Ghanta
Nov. 8, 2008

The so-called Indian Inc. – the Indian private sector modeled after the Americans is dying in the middle of depression. The Tatas, Mahindras, Sighanis, and Ambanis - all face severe depletion of their wealth in the middle of global financial meltdowns.

Auto component companies — especially the mid-size and small ones — are facing an uphill task to stay afloat as banks have become tight-fisted in giving credit and vehicle makers are cutting orders to combat the slowdown in sales.

Normally it is the first sign of trouble in the general private sector economy. The sensex will soon reach 3,000 and make a multi-decade bottom between 1500 and 3000.

Indian outsourcing sector will be a history. America will soon close its door for overpriced low quality goods and services from India and China.

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