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Global Recession to help India to project itself as a safer investment destination. [Friday, January 9, 2009]
Speaking in the plenary session on 'Reflections on Current Economic crisis - Diaspora concerns' at Pravasi Bharatia Divas, management guru C K Prahalad said that the global crisis would provide opportunities to India to project itself as a safer investment destination and get capital inflows for strengthening the economy, financing infrastructure and achieving long term goals. "If my prescription against recession for people in the US is to start to shop, the antidote for India is for people to start to spend".