The global economic recession has put several industries, including textiles and automobiles, in jeopardy but the worst affected is the IT sector. The crippling impact of the worldwide economic slowdown, coupled with the recent corporate scandal, has adversely affected the foreign investment flow into the country. The changing job scenario is posing difficult challenges to youth, now facing job cuts and retrenchments. It is time that we thoroughly reviewed and reformed our financial system to get over this economic turmoil.

S. Abdul Samath Jawahar,


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