The economic out look still gloomy. Looks like the worst is yet come. Federal reserve chairman Mr Bernanke stated in his testimony before the senate banking committee today that the recovery will take more than a year. “If actions taken by the administration, the Congress and the Federal Reserve are successful in restoring some measure of financial stability — and only if that is the case, in my view — there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery,” Mr. Bernanke said.

Now everyone is eying on the stimulus plan and the TARP plan. If these measures will not show any positive results in short term, what would happen next? What would be the impact in developing economy like India? What about our job future?