Finance, Forex and Investments - What is this recession in economy?Why it generated in first place?How it will effect business in India?

What is this recession in economy?Why it generated in first place?How it will effect business in India?

if you dont live in INDIA you should not have to worry about it. worry about whats gonna affect you in the USA
skipping to the how will it affect business in India. Well, a lot of American based businesses are now operated in India ( ie Dell Computers) So india and american business is directly involved. Also importing and exporting of products. If america is broke we cant take peoples exports and...which is how many countries like India make their money. The recession was generated by what I call make believe money. All these people having checks, credit cards, stocks and bonds. ALl of this is "money" that is not ACTUAL money. People spend this make believe money. Sure you can spend make believe money for a little while but eventually someone is going to ask " hey where is the REAL cash" and when that happens, it usually happens with everyone around the same time going HEy where is the real cash and no one ever had it, they dont have it now, they did not have it then and POOF it all blows up in everyones face. credit is evil, always pay for EVERYTHING in cash