Letter From Publisher

摘要

India's exports have dipped 15 per cent in October 08, for the first time in five years, Corporate profits have fallen and wealth has eroded in the capital market. The drop in auto sales is the biggest in eight years. Small and medium enterprises face paucity of affordable financing and weak global demand. Many SMEs - textiles, handicrafts, leather, small service providers, diamond processing, auto part makers - face job loss or closure. What India needs is a robust economic fire-fighting, deploying its many aces including a solid banking system and domestic demand driven entrepreneurial resilience.