The finances in India are a mess as the banks are merging, the major banks are collapsing, big financial institutions are facing huge deficits and the financial sector is slowly collapsing and investors are pulling out from the sectors. The Indian finance scene has also been affected by the fall of the auto sector.
The major hit the finances have taken is from pulling out of the investments as the auto sector falls. The funding of the nation is currently being helped largely by the world bank that has been giving the nation a huge help by continuing the 6 billion US dollar funding that it lends to India. This is the funding that has been helping the finances of the nation will hugely be affected as the global slowdown starts affecting more nations. The nation of India will face a major cut in this funding in the coming year and that will worsen the situation of the nation as most of the projects that are being tunned in India are based on the help that the nation hets from the world bank and the nation’s dependence on this is increasing as the economic reforms that the country has made in the past are not killing the financial gains that the nation are making.
If the situation of India does not improve we will see a major fallout of the finances and the investors will pull the plug on investments that will kill the projects and stop their fundings.
Tags : Finance, India, Auto Sector, Indian finance,