INDIA
LESSONS FROM THE GREECE CRISIS
PRUDENT FISCAL MANAGEMENT IS A MUST
2010-04-30 09:42
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NEW DELHI: The Bombay Sensitive Index or Sensex had gone down by 311 points on April 28. Scores of Indian stock investors have lost money. It is not unique. Throughout Asia, and for that matter, the world, investors lost because of mismanagement of funds by faraway Greece. Such is the integrated nature of our globalised world today. One does not know, the house prices or price of steel pay be affected and the world might have what many economists have been saying a “double-dip recessionâ€.