This is an optimistic post and we are reproducing it here to boost the morale of people especially jobseekers.

There is happy news for you. Effect of recession is going to end soon. By October 2009 India will be gaining momentum.

You may wonder who is stating like this. Is he an economist to predict? The answer is no. I am not an economist. Looking at various developments and trends I think this is going to happen.

If I am an economist, I will paint a dark picture and tell you we have bad times in store. Just think before recession gripping the world, did any economist warned you about the impending recession. In India everything was sky rocketing including stock market, salaries, and land prices. Economists were telling about our growth and GDP. They failed to see the big picture. Result-many people lost their hard earned money.

There is nothing to worry about recession. Economic ups and downs happen. What ever goes up will come down and what ever comes down will go up.It is cyclical and affect once in 7-10 years and go away after some time. In 2001 India had a recession and after that we have moved in to a great period of prosperity and growth. This time India is not under recession at all because our GDP figures are not negative for 2 consecutive quarters. However all major countries including the big economy of US is under severe recession. We are living in a global village and hence effects of recession in other countries are affecting us. Still India is doing fine.

Traditional economic centers like Newyork and London are going to lose their prominence with this recession.New financial center will emerge in Asian countries like China and India.

Every one thought quarter ending March 2009 will be bad for Indian corpoartes. But there is silver lining. There is turn around in capital, consumer goods. Banks are looking up with increased NRI remittance. Inflation is down. Stock markets are not negative and showing some upward trend. FDI during Jan 09 is 50% higher than Jan 08.That means trust of foreign countries on India is high.

Please read/view/hear all positive news about economy and do not bother about negative news. This will keep you insulated from mental low and give you enough energy to think and act positively. World is already sick of recession related information and now look forward to positive queues.

Recession is an opportunity to evaluate what is around and invest for future. Evaluation is required of our businesses, business structure, employment, investment, life style and what not. When in a growth mode you have no time to think all this and see things in a new perspective. Now is the time to do that and make changes for grabbing the future.

In tsunami waves retract -go back to sea and you may be perplexed seeing the land under the sea from the sea shore. .After some time it will hit back and come to the land in full vigor. What is happening is financial tsunami. You can see bottom of sea now. It will hit back with full vigour after some time. There is great opportunity coming after recession. Be prepared for that by making suitable changes now by equipping yourself. Make hay while sun shines is true. Sun will shine soon.

From www.indiacareerblog.com