Financial crisis

The financial crisis stsarted in the USA,has ripple effect across the globe.Our Prime Minister&Finance minister said that Indian economy was decoupled from that global financial crisis.But it's not true.Because various sectors such as Banking,Home credit, IT,Retail,Textile,Realestate,Car manufacturing,Mutual fund,etc,, in India were facing this global meltdown.All exporters and importers were feared to run their business due to no demand for their imported,exported goods.Nowadays the economical term "Liquidity" is familiar to even a small businessmen.The economists have said that "Liquidity Crunch" has prevailed in the entire globe when the US faced its first meltdown.