India to recover fastest among global economies: CB Bhave

CB Bhave, Chairman of the Securities and Exchange Board of India (Sebi) says that Indian economy will recover from the global crisis very quickly. According to Bhave, Indian economy is however related to the global economy through the trade but it will recover very soon. The global economy is reeling under the pressure of global crisis.

It is expected that the global slowdown may not persist for long time but the impact will also be high even though it stays for short time. Countries have been going into recession and big companies on the path of bankruptcy. Cost cut measures are the only option for the companies to survive from the impact of the global crisis.

However, the crude price has been decreasing and the inflation is also sliding in India. The impact of the global crisis may end at certain point of time. People considering these factors in wait for government signal of declining the fuel prices. Earlier, the Prime Minister has indicated of not cut in fuel price but recently the crude traded below $ 50 a barrel. Hope there will soon cut in fuel prices in India.