Recession

Since last six month everyone is talking about global recession which started from America and affected our country India also. Our IT / BPO / KPO sector companies which are mostly dependent on West as they provide services to American MNC's are under stress due to fall in demand and credit crunch in USA.

If India wants to recover from the recession and economic slowdown and wants to become a independent nation then we should initiate ourselves towards the innovation and that too in villages. Pilot project related to Manufacturing/IT/Services/Sciences/Agriculture must be started in village where 60% to 70% population of India leaves. Not only it will help to remove unemployment but also gives more strength to our economy in long term. We should also try to create jobs for rural India by starting new projects based on R&D in villages. It is the only way to recover from Recession and save ourselves from future recessions.