Euphemo recession!!! Okay, coming out of the blasphemy of Recession, we need to look beyond the Horizon. Its just an economy. Why are we worshiping it? NRIs committing suicide because of financial crisis in US. Isn't it incredibly surprising? What made them emigrate to US and other countries in the first place? Financial Crisis (in some sectors) in India, may be! Now, if its the other way round, then why can't they just drain their brains back in India? We still need them. After all, pulling the reverse gear doesn't always mean that you'll land to where u began, just to start all over again! But it sometimes (I believe most of the times), means that we usually move back to gather that required speed and acceleration to drive to a higher altitude! Going (coming) back works here! Anyways, why are we discussing US recession and trying to compare, when we know that even after this crunch in US, India is still a light year away from competing with US economy. Guys!! Can't we come out of this loser attitude? Is it really very difficult to go back and jumpstart! Easy said than done? ? Now I can see what's stopping us.. the Handbreak's On! Hand breaks=background thoughts, the ifs n buts, the etc. thoughts..! Let's leave the repercussions of recession alone and look at the bigger picture. Like I said that we still have a lot of opportunities for NRIs and future NRIs and the other countries would too need them, working from India. Well this is the time when the ailing economies requires some quality treatment from countries like ours, which offers services like, Offshore Services at much cheaper rates. Let's look at the above statement like this.. Recent US economy crisis is the best example for learning that how trend can change dramatically. "High" and "low" are just two passing phases. Zimbabwe's official inflation rate surged to 231,000,000% in Oct. Every worker had a 300% hike. Despite this hike, the rise in wages could hardly fulfill the purpose. It is a well known fact, that when inflation strikes, the purchasing power diminishes and currency of that country loses its value, so even increase in salaries could not retain the purchasing power of the common man. Due to hyperinflation, the government of Zimbabwe became bankrupt. When the governing body surrenders, one can well understand the fate of the common people. Now what would you call this economy? And now, where do u see our 'high' of 11% Inflation rate? We got to analyze the side and wide effects of the extreme trends, we got to be aware of what's happening around us and how we can stop us from repeating this, We got to keep our minds open (Don't worry our brains won't fall out).. We can bring this percentage value upto 5% or even upto 3% ..or may be upto 1% some day. Ofcourse not by talking, but by thinking and acting in a more creative and distinctive way. Are you looking forward to me to explain how can we do this? Now, I leave this to your already or going to be drained brain. Let me repeat, "When the governing body (Here, you, the experts) surrenders, one can well understand the fate of the common people." Got some clue? Now, bring that in your work! Well, I know not all are going to read this long article ('Coz...The handbreaks are still ON! :) So, without talking too much, let me just finish this here only with a positive note and the point that I am trying to make here from the bigginning ... that Brain Drain is one of the reasons for India's slow rate of development. The speed (rate of development) can be accelerated, just a little extra in everything is required, just a little MORE utilization of the available resources..and then finally, just a few days to count! :)

Rumika Joshi

Evon Technologies

www.evontech.com