USA is undergoing a drastic change in her economy. The effect of US economy is making a drastic affect to the world economies and Indian economy is no exception.
The Indian budget introduced by FM last week could have averted and brought a relief to the people here in India. However, it has brought a big relief to the common man (middle man ) and farmer to the most. But that's a different story altogether. The bullish market will lead to increase in the prices of consumer durables.
According to Warren Buffet, the US economy is under recession:
http://www.moneycontrol.com/india/news/business/us-recession-not-as-bad-as-70s-buffett/17/15/328945
The economy would come back once the new government comes into power and change the policy of "Being a consumer" to "fetch a consumer" and other factors as well. Wait and watch...things might change and also change our economy as well.
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