The global meltdown that stuck us unaware caught all of us in the wrong foot.

It was mainly precipitated by the American economic downturn whose ripple effect left the world reeling under its impact.

American stalwarts started tumbling like the twin towers of 9/11 as going bankrupt seemed to be the order of the day. Many giants in the technology and automobile sector were barely made to tick on funds pumped in by their government. At last icecaps melting down and receding glaciers in the Himalayas occupied a back seat while the hot seat went to the crumbling cookies in the economic sector.

Losing jobs was the new in thing as pay cuts were topmost on the menu of survival strategies for every who-is-who.

Suddenly shoe-string budgets seemed to be going the rounds while lavishness was traded for recyclable methodologies.

The Indian scenario which highly depends upon the escalating dollar seemed to take it in stride and ready to take on the heat as our financial captains at the helm of the government seemed to steer us well. The breaking up of Satyam resounded every corner of the corporate sector and for a change the government was proactive and conclusive.

55, 000 employees on Satyam’s roster were in for the shock of their lives but the grim scene predicted a lost job every minute.

Our government prepared to accelerate buying by bringing down prices. Heavy debt on account of unpaid installments for home and personal loans shrouded every bank and financial institution as India goes in for an all out effort to provide minimum amenities for all.

Information technology was the hardest hit and at last it no longer remained as the dream sector for all prospective graduates.

Opting for the education segment thus became a hit with those in marketing, management and IT. However nature seemed to withdraw support in its own way by shortage of rainfall during monsoon to enable drought.

Alas! whatever goes up comes down and vice-verse.

For now we seem to go up again to touch the silver lining after the global economy seems to totter back on its weak knees.