Recession,Inflation,Depression

RECESSION -- The buzz word which one can hear across in the news daily whether it be in the News Channels or the Print media. One links this word to lay-offs, bankruptcy, cost cutting and shutting down of industrial organizations. So frequently has the word been used and misused that it has already created this kind of image in one's mind about this.

Agreed that this is a point of concern and serious matter. But is it worth the unwanted tension and worries that one undertakes ? Is it worth losing one's sleep over this, rolling over and thinking that when would one be without work ? An elite few go to the extent of proclaiming this as the end of the world .....

This is the time one has to gather all the experience one has and understand the actual meaning of the word Recession. According to the dictionary it means "a period of reduced economic activity" I do stress on the words period and reduced here. These kind of situations have come and gone several times in the past as well we must take some pointers from there and use them across now so that we know how to recover from such problems.

Regarding the hype created by the media is topic for some future blog entry though but sometimes we do get useful knowledge on how bad one's own country is affected.

I agree that India is affected by recession but not as severely as the US or UK. I am not an expert on economical matters though, but I can definitely say that this was a bubble that was due to burst. Couple of months back there was another nine letter word in the news INFLATION.The global crude price sky rocketed taking along with it the prices of basic commodities up. Now as the recession has come in the purchases made has gone down like the share markets and the inflated price bubble has burst and the middlemen who were making the most of the Inflation are hit as they have no one to sell their wares to.

To say in a summarized way Recession can be seen as a blessing in disguise as it has shown the true worth of everyone and everything and not the inflated value.

Being an IT professional myself, I personally feel that this is natural and one should take it in one's own stride and make good use of the time at one's hand. It is true that some of us might have lost their jobs or faced pay cuts but we need to think with a calm mind else we will end up doing something which we may regret later.

Like the other day myself and my colleagues were discussing on finding alternate careers for oneself just in case we happened to be laid off. We actually came up with interesting propositions like setting up puncture shops, garage, tea stall and many more such. Discussing these type of options especially helps one in appreciating the work you are doing currently and prepares you to face the worst. These type of conversations does help one in creating an open mind towards the crisis faced.

Instead of fearing the worst, you are in fact constantly finding an alternative and therefore feeling somewhat more comfortable with the situation. You take your mind off unwanted thoughts such as impacts of being jobless and reduce one's stress which would in turn make one more productive.


May be some thoughts of mine may seem wild but hey I am not worried about my future and am having peaceful thoughts. You may differ in your opinion on this topic and am more than waiting for your responses so that I can get some inputs from you and may be help you in a way or other.