You'll know the worst of the recession is over when the following happens
You'll know the worst of the recession is over when the following happens
ADVERTISEMENT
'When banks increase their rate of interest'
Nitin Satpute, advocate
It will take one or more years for recession to come to an end. Once it does, jobs will increase and salaries too. However, I feel the first sign that recession is ending is that banks will increase their rate of interest.
'When BPOs start recruiting again'
Sonal Raje, Process team leader, GLT
With regards to the BPO industry, it would be when people start recruiting the way they did earlier. New companies will show interest in outsourcing as well. Outside of the BPO industry, an indication of recession ending would be the rise in falling property prices.
'Customers start buying electronics and furniture'
Ashutosh Chakradeo, Business head, Food and Beverages, Hypercityu00a0
We have not been greatly affected (in the food and grocery section). General merchandise and fashion has been under a little strain. The indication that recession is ending would be increase in footfalls and customers buying electronics and furniture.
Education is a recession-free industry. People are willing to cut down on entertainment but not education. There is no recession at all, only fear of recession. The Indian system is well insulated.
Swaminathan K, educator, CEO, Smart Learn
We are trying to use this situation to our advantage, to get good deals. Perhaps people will start buying more designer outfits!
JJ Valaya, designer
'Clients will stop cutting down on production values'
Dabboo Ratnani, photographer
I have not experienced any kind of difference in this so-called recession. I will know that recession has ended when clients won't cut down production values. Recession is a little hyped. We are not hit that badly. It has become an excuse for people to hold on to their money or ask for concessions.
'Fewer cases of depression'
Dr V D Joshi, neuro surgeon, Divine hospital and Jupiter hospital
Someone who has lost a job will go into depression, remain aloof. This means he is facing psychosomatic disorders. Perhaps, when the slowdown fear is no longer there, these medical situations will again go down.
'First, the IT industry will start hiring'
Vijay Mukhi, President, Foundation of Internet Security and Technology (FIST)
The second thing is, you will see a smile on their faces. They all look so gloomy now (laughs). People in the tech world have stopped traveling (on business). Once they begin to travel I will know recession has ended.
The typical sign would be an increase in corporate account spending. Number of party bookings and catering orders will increase. Beyond this, there will be long waiting queues, packed restaurants and high table turnout. Riyaaz Amlani, restaurateur
"Exciting news! Mid-day is now on WhatsApp Channels 
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
