Warning bells

After the Indian economic summit on Sunday the top leaders of the India inc. have warned of bad situations if the government doesn't take appropriate action to make funds available for the companies.



The corporate heads have told that they will forced to layoff or take other punitive action to reduce the costs. this is evident from the placements of premier b schools, the placements at IIM-A have seen a sharp decline in the average salaries. the salaries have fallen by over 42 percent compared to the last year and the overseas placements have fallen by 60 percent. The case is same in other premier b schools and IIMs across India.



The R.B.I is expected to cut the CRR by 200-250bps and SLR by other 100bps to make the banks lend to the corporates. With the general elections coming near the government is expected to take unconventional steps to induce liquidity in the market.



The mood at the summit was nothing but upbeat and the message was simple we need to act agressively and quickly.