The Pinch Of Recession

Recession- a common economic term which is deeply engraved in the hearts and minds of all of us. Two years back we would have never thought about the great depression, the sub-prime crisis or the economic meltdown. But now we are bound to think about recession and its ill effects. Literally speaking recession means- a general slowdown in economic process over a long period of time but its impact is immeasurable. It is much beyond just the economic slowdown.
It is nature's law that what ever starts has to end so that there prevails a chance for a fresh beginning. Nobody think s the wildfire as a good natural process and we humans try to stop it at the earliest as it engulfs property worth millions. But as a matter of fact it is a natural process of cleaning by nature. In the Amazon basin over the years dry leaves augment thus covering the soil surface and depriving it from the much needed sunlight.These leaves act as a fodder for the inferno. when we think about wildfire we just see the cons in it but in reality it revives new life into soil. Moreover there are some wild fruits whose outer shelling is as hard as rock. These fruits burst open due to this swelter and seeds are spread across meters , which in few days germinate and make a fresh beginning of life.
Recession is nowhere different from this. The economic slowdown was necessary to rethink about our true potential. Due to recession millions lost their jobs globally. The GDP is falling . Prices are soaring up as resources are low and demand is ever increasing . the most effected industry in India due to it is the Software Industry but others are also not untouched. The 'Taken for granted' attitude has to be given up. We cannot make our economy so badly dependent on others that their downfall will cause our downturn. Our concern for our future has to be taken into our own hands. We cannot rely upon others for fulfilling our needs. In the last two years firing trend has been higher then the hiring trend. recession has given Bangalore a feather in its cap which it will not be proud upon. The coining of the term 'Bangalored' which refer to firing of Americans when their job was outsourced from America to some IT giant in Bangalore. But the term has hit back Bangalore itself the most where maximum number of IT'ians have been fired in India.
But has recession only brought ill omen with itself. Well Probably the answer is no. There are pros and cons of everything. Let us view the flip side of recession also . Due to recession the sky rocketing oil prices have become somewhat stagnant. Ahmadabad houses the maximum number of cloth mills in India. In those cloth mills many employees were fired due to lack of business and the remaining had to work indefatigably. Thus the work of three persons was done by one. Some of the employees who are from the state of Orissa took advantage of the situation and came back to their native state where they are using their skill and experience to promote and flourish their traditional textiles now. Even in IT front in India some changes have been noticed . Now employees are taking up technical and domain knowledge sessions more seriously. The knowledge thus gained can never be termed as a loss. Even at the management level some of the fired managers are at last getting the much needed time to spend some moments with their families which is otherwise always compromised because of work pressure.

This pinch of Recession was necessary to wake us up from the dreamland we were in and face the hard realities. its time for us to show the world that we are no less then others if not better.