In April 2008, Vikram Nimbalkar had everything going for him. He had just got married and, like him, his wife too had found a job in a technology outfit in the UK. By the end of the year, both were back in India, searching for a job as their employer asked them to leave in the wake of the worst financial crisis in several decades. It's been nearly three years now that the Nimbalkars haven't worked in an IT firm. Instead, they have moved to teaching at engineering colleges in Ghaziabad. While Vikram is in the process of switching over to a wellknown institute, the spate of bad news on the economy front has him worried. So are several others - from businessmen, who have now been complaining of deterioration for several months, to policymakers and politicians. In an interview, RBI deputy governor KC Chakrabarty told TOI that it is not clear whether we are out of the 2008 crisis or if it is the same crisis.
Times Crest
