Sunday, January 11, 2009

Adieu to the American Dream...

Majority of the people who leave their home country and come to the United States, either for work or for studies, prefer to spend a few years in order to live the 'American Dream'. And what exactly is the american dream? - personal car/'s', home ownership and living in debt in order to afford anything and everything, tops the list - end result as is seen in stages of the ongoing recession which started with the credit and mortgage crisis. What we see now on a day to day basis with the general public, airlines, insurance companies all filing bankruptcy is nothing but a fission reaction.

It does not come easy for all though, and certain circumstances pave an indifferent path. This time around its the Global Recession, thus making it even tougher for international students to create an impact in professional market (as if there wasn't enough said and done with H1 regulations). Business Management graduates seemed to be raking in the moolah until yester year. Now there is a 'change'. Market fluctuation, declining stocks and a deteriorating economy have hit the financial sector the worst and the henceforth the chain reaction. 'Layoffs' and 'Hiring Freeze' are the inevitable but magic words which are shattering the dreams of millions across the country and worldwide. A Failure of the Capitalist Economy.....

The booming economies of India and China aren't doing well either at this point of time and especially when the sectors have international tie ups. Lucky for some, unlucky for others. The IT sector is on the verge of facing the biggest threat, already triggered by the SATYAM scam. A funny story, impending; but having innumerable consequences. Debt is not a new phenomenon in India with banks ready to provide loans for anything these days. Hence it would not be a difficult to live an Indian Dream....whatever that is, I would have to experience it now!! As I bid adieu to the once called 'land of opportunities' indefinitely, I believe the road ahead has much more to offer.....Call me an optimist! Nothing to lose, but everything to gain.....experiences away from home, exposure to newer technology, education in a highly ranked institution, and the best of all - new friends and times spent with them which will be treasured for a lifetime.

Farewell my dear fellow planners, batchmates and others.....Its been a very memorable two and a half year journey and I thank you all for playing host !

Way to go TEXANS & AGGIES.............!!! Gig Em!

4 comments:

Archana said...

...and welcome back! I trust you will have fun, as usual, here!

Anonymous said...

trust me, you are not optimistic here, but pragmatic, all the best!

even if the indian scenario is also expected to get affected in a quarter or so, apna desh is certainly a better bet.
i am saying this sitting in pittsburgh ;-), all the best.

Nitin Warrier said...
This comment has been removed by a blog administrator.
Nitin said...

@ arch and ranga......
thanks........
awaiting 'change' :)