The world’s second largest populous country, India, has also been affected by the global economic crisis. The latest set of GDP figure reveals a sharp downturn to near 5% GDP growth, which is the lowest in the last six years. Experts tracking the country say that in the first half of 2009, the Indian economy might grow at best by 3% to 4% , because the exports sector is witnessing a two digit negative growth, and the local construction and property market is also witnessing a steep correction. Add to this the sharp job losses in the once famous IT sector, you have the best combination for a negative downturn in the near future, if global situation continues to worsen.