Slowdown hits Reliance Industries

It is the major impact of the global financial crisis that made Mukesh Ambani to differ the investment of Rs 30,000 crore in semiconductor business, according to media reports. The impact was such huge that the company not only differed the decision but also asked some of employees of the division to resign.

Indian companies have been affected due to the global slowdown. The companies could revive from the pressure only after the world economy bails out from the crisis. The impact of the globalization is clear on Indian economy and the reforms of 90's are under question mark.

Almost all industries have been fully concern with the global slowdown that has been affecting the revenues. There is need to check the impact with more and more fiscal measures. Since the government has been putting effort to check the impact, its time to wait and see. The measures are being effective in boosting up the demands of certain goods and services but further effort would minimise the damage.