Did the global recession affect you as an individual?

Manjari Shivahare: The recession had an immediate and fundamental impact on my daughter as she completed her MBA in Finance from Boston University in Dec 2007 and the prospects for employment were so bleak in America that she made a timely decision to return to India and found placement here. Though India felt the impact of the slowdown later, the graduating classes of all the IIM's and even the ISB did face some setbacks during their placements in 2009 which itself mirrors the reality of the global recession.