The sub prime credit crisis in US is showing its effects in a very bad manner. It first started as the bankruptcy of Lehman brothers, followed by the failure of other famous institutions, like Merill Lynch, Wachovia etc.
The credit crisis has introduced a chain reaction - The sabotage of the US financial institutions - the slowdown in the US stock market - corresponding slowdown in the world market. India has been one of the worst affected due to the US slowdown.
The stock market has been on the negative for about a year and has not been able to recover majorly. The US slowdown has forced the FIIs to exit the Indian stock market, which was such a hot investment the same time last year.
Rupee continuously falling against the dollar, the stock market still yet to find its bottom, high inflation, all have become a daily nightmare for those who have invested in the market.
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