Economic recession is the greatest problem in the present economic world .Number of skilled persons are sacked from the big corporate sector .These trained professional are also in trouble.
On the whole this best human resuorce is capital of the corporate sector, hence this should be saved by giving them less salary ,curtail their allownces for a definite period with assurance to compensate in future.
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In my opinion, economic recession has nothing to do with India.In our country even basic infrastructure is not yet complete.Development is needed in almost every area.Economic recession is the luxury to be afforded by developed countries,where basic human needs are fullfilled.
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