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All economies will be hard hit if US slows down
by Jagadesan Balakrishnan on Dec 10, 2007 07:57 PM

I agree with the author. Let us think practically and not become emotional. US is the largest global consumer. Laws of economics and capitalism work here the best than anywhere else in the world. US is a developed economy. Whatever is considered as luxury or comfort [such as food, clothing, housing etc in developing countries like India/Asian countries] are a considered as necessity here. If the dollars goes below certain levels it will be difficult for other countries to export goods profitably and the software companies would consider relocating back to the US. There will be technical correction, surely.

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Indian economy to be hit hard, if. . .