Global Recession...Local hit!

The global financial crisis is still on. God knows how long it will take to get over this situation. Everyone these days are talking about recession. Be it the housewives, the rickshaw pullers, the local grocers. In every little corner of the street, this particular word is ruling with immense potential.

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Last year in the middle of July this recession fever gripped us for the first time. The fall of those major investment banks in the U.S. spread a kind of ghostly trauma from which we haven't yet been able to recuperate. The most powerful and strong economy of the world faced this downturn causing an unprecedented trouble to not only it's countrymen but also to millions of people living all over the world and who used to follow the U.S. economic model in every respect. Already twenty Euro zone countries are into recession and hundreds of thousands of people have faced the job blues. Our household economy is perhaps the worst hit as a result of this financial meltdown.

Now as it is well known that the readers here are greatly acquainted with this issue on a large scale. I would therefore draw your attention to personal crises as I myself have witnessed in the past few months.

Sometimes back I was working with a recruitment firm in Salt Lake. I had to talk to people from various walks of life regarding job openings and all. During this time I got to know a person whom I had called up for an opening in Mumbai. I still remember the day I called him up. He was already in a good position drawing a very handsome amount annually in his the then company. When I started speaking with him his voice which was matured and dignified, sounded extremely sad.

I got to know that he was serving a notice period in his present company and was about to complete the term. He was eager for this job opportunity like anything and for the next following days every now and then he started tracking me regarding the interview that he was supposed to appear for.

Unfortunately he was not selected and the last mail he dropped me after I gave him this news was absolutely moving. That mail put forth the picture of a dying man who was trying to hold the last available straw to survive. His concern for his wife, for his children and his sadness depicted in that final mail had simply unnerved me.

Quite a few people I have seen who have been handed over the pink slips for their companies to cut cost. I am still watching a young IT engineer who has stopped being his normal self after a number of job cut followed in some of the biggese Indian IT majors and especially the post Satyam scam. The fear of job loss is looming large over many engineers like this young person who even a few months back considered themselves luckiest with a handsome pay package and boast of working in the sunrise sector.

All these pictures present a grim economic situation in dire need of cure. We don’t know when and how the present economic situation will improve. But this is really sad to watch so many people going jobless everyday. The immense psychological trauma that these persons are suffering stands beyond words. The economic downturn is affecting personal relations as well and to a great extent.

In almost every home the children are quietly thinking when the father will return from his strenuous long hours in office and what news he would bring. Will that news be able to make mamma light up??Or will it send her more into mental depression and troubles??They really don’t know why their father remains so angry these days!