The Great Debate (India)

Lessons from the credit crisis

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About a year ago, investment banking giant Lehman Brothers collapsed into bankruptcy after the U.S. administration refused to support a bailout. The bust triggered a dangerous domino effect which rocked world markets as people’s faith in the financial system plummeted and forced businesses to cut production as recession started taking roots.

MARKETS-GLOBALThe shock waves were felt in India too – the benchmark Sensex fell more than 50 percent in 2008, exports plunged and companies had to resort to ruthless down sizing to weather the crisis.

Reuters India plans a series of stories and analyses on how the world economy has been rebuilding since then. We would like you, our readers, to use the comments section below to share your experiences of the past year.

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