India, by the way, is ranked 10th on this not-so-illustrious list

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Guarantees for private savings and a ban on short-selling of securities would also be incorporated. Lastly on the fifth place, is China. The Chinese index lost by around 64.8%. The World Bank predictions say that the growth rate for 2009 will slow to 7.5%, nearly two points lower than China’s expected growth rate for this year of 9.4%. China recently declared a multi-billion dollar incentive plan, which calls for introducing money into the economy through spending on construction, tax cuts and aid to the poor and farmers. China’s over-reliance on exports, especially to the developed world, is being cited as one of the major reasons. India, by the way, is ranked 10th on this not-so-illustrious list (despite NSE & BSE making it individually to the top three list of losing stock exchanges in the Asia Pacific). And for a change, we do not actually mind the dragon pipping us to the post, do we? :-)


Sunanda Roy

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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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