The Financial GLOBAL TSUNAMI !!!

The Financial GLOBAL TSUNAMI !!!

The Melt down had to happen, but it would be so sudden and sharp - that it will consume all the Nations and will Jitter GLOBAL ECONOMY, which has affected one and all and has brought all of us to unimaginable situation or cross roads of our lives and careers will be re-shaped.

If we look at the pain each one of us is going through, because we were not prepared even 1% of the this BAD HIT. The Indian Economy, has been hit below the belt, while Western / European Economies have been hit on the FACE by this BIG FALL - The Financial Catastrophe. I think and feel this BIG FALL has made me more mature suddenly by accepting, experienceing the biggest GLOBAL FAILURE. I wish One and The Only One in my life time at the National / Global Level.

In India, though everyone including the experts from finance ministry and economic forums were saying we won't get affected, our economy is sound system is in place - the political punch line few days back "India is Andar se Majboot" - we are inherently strong it won't affect us!!!

But whats happening now, the cat - rat - dog race has started, every individual, every company and govt. is guarding itself and there are no strategies being discussed, just reactive tactics to sustain the life in these turbulent times. Only objective to live thru the STORM - Let this Financial Catastrophe gets over.....but no one knows when will it. Major Sectors have Freezed their Recruitments and we are reading news about re-trechment, salary cuts upto 90% LOW than the initial joining salary, Cos. have started focusing on cost cutting drives, no travels, virtual meetings are on. Panic is very much there. The Fears of financial repercussions are looming over each individuals mind. We have seen many torrid times of Political instability, Public unrest, War with Terror, Natural Disasters but this FINANCIAL TSUNAMI has hit us hard and unexpected. The lateral thinking has been lost. The Alternatives are not visible. Each one of us has been badly affected directly or indirectly

The unfortunate part for us Indians is it has happenned at the last year of the Govt. New elections are due in six months, in light of this the new initiatives will be limited & strategic planning has taken a toss atleast for two years.....the new elected Govt will plan and then implement the result of NEW INITITAIVES will be seen not before Agust 2011...Till the local intiatives will be limited by state govts. they don't plan the way Central Govt. does. They have limitations. They think local and regional, there is no unifromity in actions. 6 important states are due for State Assembly elections.

India's last 15 year favorite friend USA is unexpectedly is looking inwards after 73 years.
Indian govt., major corporates , Indian Share market, everybody is Clueless....The BIG DADDY they use to follow in terms of Knowledge, Skills and Attitude is down looking for bail out.
For last 15-20 years we have been dependent on US for Food for Thought so much it became a compulsory Feed, reading American Literature, Following American Ideology, following American Funda of Life and much more!!! So my friend things are grim but we have to find a way, many ways to keep our selves afloat and swim thru this Financial TSUNAMI.

I wish this period on Doldrums is over Early and we shall think Real, Act Practical and Live & Think - INDIAN.
Lets become IGNEOUS.
All The Best
Arvind Sukhija
THS CONSULTING - Always a Freind Behind YOU!!!