shovitdhar wrote:
crackHSW wrote:
I agree with you, US recession , double recession is draining my mind too , not very convinced that spending around 40-50 lacs and then coming back to India with that kind of loan would be very advisable , will have to think on your lines about ISB and other Asian countries
True. I'm also in two minds what to do. I believe that a degree from a top US business school is going to be an investment for lifetime. It's kind of long term investment. At the same time, one needs to also consider short term to medium term view also which doesn't look very promising at the moment.
I think that India and China are places to be in the future. If you look around after the 2008 recession, the whole of the US,Canada and Europe are in bad shape. There seems to be gloomy news everywhere on the economic front in these countries/continents. On the contrary, the Indian and Chinese economies are on steroids. Can you imagine that while the governments in the developed countries are struggling to increase the economic growth , the central banks in India and China are increasing the interest rates to curb economic growth as it is leading to inflation. In fact, if you look at India, the central Bank known as RBI has increased its lending rates almost 10 times in the last 2 years and there seems to be another round of increase slated in September. The situation is almost the same in China. The point I am trying to put forward is that these countries are the new "land of opportunities" . So though the world economy is interlinked and it's very obvious that these economies are going to be negatively affected by the situation in western markets, but in the short,medium and long term, the prospects look bright.