Placement Season

It is that time of the year which every one was looking forward to. The placement week kicks in and most of the guys are all set to crack it. The placement season looks good here in India despite the rumors of impending recession. But looking at the state of our economy its looks like we would be able to tide over the recession, probably with a little bit of bruises.
How ever unlike the last recession in which asian economies suffered huge losses india's exposure to foreign funds is limited and the funds invested in the country seem to have sound investment reasoning. unlike the last time another threat facing the world economies is the subprime crisis. even though our banking system do not have direct exposure to US subprime I forsee an indian subprime crisis brewing. This is purely my own personal opinion. from the ground realities which I have seen most of the indian professional have gone in for some sort of personal loans either be it home loan or vehicle loan. Now what will happen if there is a cut in salary. There is bound to be default. This might lead to banks sitting on lots of NPA's and consequtly another crisis brewing..

Let us wait and watch..