GEOGRPAHY TAUGHT us that when the sun sets in one part of the world it means that it is time to rise in another part of the world. It is time that we put this great saying in the context of the world economy. Today, USA is facing one of its most dreadful episodes in terms of economic slowdown. A recession in America is surely on the cards keeping in mind the power packed last month which saw some of the major financial giants like Lehman Brothers, Merrill Lynch, AIG, Morgan Stanley, Freddie Mac, Fannie Mae going bust.

If the losses and the write offs are anything to go with then many of these companies and the other corporations which will soon follow their peers would take years to revive themselves and restructure their balance sheets. The recent developments show that the phase of consolidation has just started with either the government interventions or corporate buyouts. A slowdown or recession always starts from the banking and financial sector but slowly and gradually spreads to all the other sectors including the basic and key industries.

Today with the fall of some of the biggest brands in the world of finance and business in America and the other developed nations; many of us might be feeling the heat and are hesitant in making decisions. My mantra to all would be not to worry and panic – but it is time to rise to the occasion and shine. We need to seize this opportunity and show the world what we are capable of. When Indian brains working in the US can help build these companies into giant corporate houses then why not for our own nation. It is time for a reverse brain drain.

If India wants to be in the big league and a super power by 2020 then this is one of the best opportunities to grow and show the world what we are capable of. India today needs growth in a consistent pattern and we all are responsible in achieving it. The acquisition of Corus, Jaguar & Land rover, Imperial energy, Novelis etc is a start to this new era of Indian cross border M&A.

In the short term, we might feel the ripple effects of what has happened in US. But instead of getting worried and crib over this whole saga, we should look at finding opportunities in this global crisis. If the reports of several economic agencies is anything to go by then India would be the least affected nation by this global turmoil. China is going to be in trouble as they have large amounts of exports to these western economies – we fortunately don’t and are basically driven by a domestic growth story. We need to seize this opportunity keeping in mind the mistakes of these high profile institutions and learn a quick lesson from them.

In the coming future Indian corporations will get ample opportunities to buy in to these global corporations as they go up for sale and for this as a famous proverb goes "A closed mouth catches no flies" meaning one has to always be in a lookout for opportunities only then can success be yours. When the sun sets in one part of the world – it means that it is rising in another part. It is time for a new dawn, and even though we might have darkness for some time but very soon the sun is going to rise.