The motion before the house today is “Global Recession has an adverse effect on India’s Youth”, and I stand before you all to oppose this motion.

Like any other thing in life, let us start at the beginning. The problem of recession has its roots in the biggest evil of all time- Greed. Greed of people for easy loans, greed of banks for more returns on these loans and so on………

The effects of global recession are there for all to see and too obvious to ignore. The availability of money with everyone, be it large industrial houses, Multi National Companies or poor employees, has gone down drastically. Loans are no longer cheaply available and stock markets have crashed All this has hit the common man rather hard.

India too has not been left untouched. Stocks have only just started recovering, loans are still hard to get, employment avenues have reduced, and prices of essential items have gone through the roof and what not.

But I stand here to defy all the doom sayers and put forth the opportunities that knock at our doors. Like fighters and soldiers, let us look for opportunities in this threat. There is more good to recession than meets the eye.

To begin with, let us understand that India, being a developing nation, still does not spend excessively on luxuries. Ours is a cautious economy and our investments in the world economy have been limited. Therefore, the effect of the global meltdown on India is also limited.

Our production is basically based on consumption, and not exports. Thus, the industries that cater for the domestic needs have not been affected much. Also, we have some unique advantages like availability of skilled manpower and raw materials at lower costs.

When people all across the globe are now coming to terms with living within their means, this has been the way of life with us in India. That puts us firmly ahead in the race for survival.

India has witnessed impressive economic growth in the last decade allowing India’s youth to be equipped to take recession head on. We have all the resources to help the youth to produce goods and services of global quality at lowest rates, and at the same time, remain simple.

India is the second fastest growing economy of the world, and recession has forced the Multi National Companies to look towards India for safe investments and assured growth at lower costs. A recent survey has shown that more than 60% companies in India are still hiring. To name a few- Bartronics India, a technology firm, has announced 6000 positions. LIC is planning to hire 45000 people and South India Bank is opening 45 new branches and looking to hire 3000 people.

The recession is unlikely to hit fresh graduates and people in industries like communications and entertainment. We, the young Indians have a lot to offer as entrepreneurs. One of the biggest assets of the youth is “An appetite for risk.” Since young people have comparatively less to lose, they are typically well positioned for starting new ventures. We need to enhance our skills, get better education and then present ourselves to the world as solution providers.

Experts believe that Indian economy is not likely to enter serious recession for the next 20 years, at the least. There are just too many opportunities for growth. We still need to expand our capabilities in the fields of energy, water storage, and supply. With so many spheres for growth, the very prospect of serious recession sounds untrue from India’s point of view.

Agreed, the global economy is in bad shape. But we must remember that great opportunities exist even if an economy is in bad shape. It is those who capitalise on these opportunities that will rule the economy in the future.

It is generally believed that recession is a time of hardship and lack of finances.

But history has it that the most savvy entrepreneurs built their wealth during the recession period.

I want to get away from all the gloom and gloom that everyone associates with this global recession. Things are not so bad as they are made out to be.

My appeal to the youth today is not to believe that all is doomed. There is a lot of opportunity in the recession and let us make the best of it.

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Guys, i need a lot of help here..recompose, pestructure or anything else..its a article for a debate i'm participating in..the debate is tmrw..will appreciate all the help i can get...coz i know this thing is bad..pls help guys..pls