recession in world

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Global economic meltdown has effected almost all countries .Strongest of American and Japanese companies are facing severe crisis of liquidity and credit .India is not insulated,either. however,India's cautions approach towards reforms has saved it from posssibly disastrous implication . the truth is, Indian economy is also facing a king of slowdown the prime reason being, world trade does not function in isolation. all the economics are interlinked to each other and any major fluctuation in trade balance and economic conditions causes numerous problems for all other economics.