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Indian leaders take on global recession and its India effect
By siliconindia
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Friday, 12 August 2011, 00:07 IST |
15 Comments
We also reached out to some of the industry leaders to get their expert views on the global downturn. Neeraj Paliwal, Vice President and India Country Manager, NXP Semiconductors said, "The Indian economy is demand driven and not export driven. It will be able to sustain the global recession. All economies go through a cycle of change and this is one of them. I think there is nothing too much to panic about." Paliwal's observations were corroborated by many industry leaders who shared the confidence and hope that the investor sentiments will remain positive for India.
Senior Vice President - Worldwide Service Provider Line of Business, Cisco India & SAARC, Sameer Padhye opined, "This is nothing but a natural cycle. When compared to other economies; India and China are the best sustainers in any given recession. The eastern economy is soaring high and this recession could be just a small correction. We survived in 2008. We can do it again. We are more demand driven, if you see the high inflation.. it shows that."
Rajesh Ramachandran, GM and Head, eBay India said, "I think when recession hits India, leaders need to take the opportunity and try out some new innovations, take risks and try out few options."
"India and China are the strongest economies to survive the global recession. It is unlike the U.S who has huge demand there by its people. But in India, the trend for demand is picking up very slowly with more of the middleclass opening up their avenues. Although we survive, we need to have companies, leaders and the government participation to prevent this recession. Moreover, the government has to provide some sort social security so that an individual is pretty confident to face the recession also," says Ravi Gururaj, Vice President- Product Engineering, Citrix Systems.
