US turmoil and its impact in India

Wall Street tremors

The US financial meltdown – which has seen the collapse of investment banks like Bear Stearns and Lehman Brothers, and the humbling of powerhouses like Merrill Lynch and AIG – will have a roll-on effect in India, too.

Apart from the psychological impact of the crash of Wall Street giants, the imminence of recession in the US economy and pullout of funds from emerging markets by cash-hungry institutions, here’s how the meltdown could affect us.

Image: Lehman Brothers` employees arrive at work on September 19, 2008 in London to collect their last day`s pay

Also see: Special: Lehman Brothers goes bankrupt | Lehman plans to shut its Powai office in February

Text: DNA Money

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