We look around and hear Breaking news Europe in Turmoil, Banks downgraded, INR to $ down , down.
Which makes me feel, in long run, being Local is better!! Take for eg, the only large bank that has escaped downgrade in US is Well Fargo, Why , because that bank has overseas exposure of less than 5% of its business.
It makes same reasoning in India too. We were better off being local than being globalised. Prices were within control, we could buy better quality products , with less money!!!!!!
Oh ! Those good old days. Will they ever come back!!!!!!!!!!!!!!!
Which makes me feel, in long run, being Local is better!! Take for eg, the only large bank that has escaped downgrade in US is Well Fargo, Why , because that bank has overseas exposure of less than 5% of its business.
It makes same reasoning in India too. We were better off being local than being globalised. Prices were within control, we could buy better quality products , with less money!!!!!!
Oh ! Those good old days. Will they ever come back!!!!!!!!!!!!!!!
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