Shutdown in USA ::How that is going to affect Indian Economy

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Shutdown in USA ::How that is going to affect Indian Economy

#1 Postby siddhartha » Wed Oct 02, 2013 9:24 pm

Bad news for USA and India...... USA is about declare shut down in their economic terms that means they are facing some economic crisis and they will cut their expenses like they have planned to give leave to many of their solider and that will consider as unpaid leave...

What economic shutdown means?? :- In U.S. politics, a government shutdown is a situation in which Congress fails to pass authorization for sufficient funds for government operations. Typically, the government stops providing all but "essential" services at first, but since Congress must authorize all expenditures, there is no law protecting any government service from stoppage.

Now the main issue with India is .. few Indian industries like IT, ITES & Telecom is very much dependent on USA and because of shutdown they may not be able to give us business ...Now Indian government should do something for it

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