Global Recession? What are you talking about ?
Where there were hardly any cars, now they are so common. Where the consumer used to think twice about spending, he spends with almost reckless abandon for the things that puts him in the elite group. This is the new India. Government employees are paid 10 times their pay compared to just 5 years ago and 100 times 20 years ago. This is phenomenal and unbelievable. Not a place I could see any one looking for a job or business that he cannot work or engage in. If you had the will to work, you will get one and a very good paying one at that, in most cases. A Volkswagen Jetta in India costs as much as 2 times what it sells in USA. More than 3 times for an Audi A6. Real Estate prices were soaring but have taken a breather from the flight but are not falling to say the least. Food prices have tripled and quadrapuled too. The list goes on. Welcome to the world where recession is felt in West while India has not even showed a sign of it from the consumer's point of view. Recession ? Yes !