Mixed hopes of success and fall have been haunting investors for three months now. With India being integrated with the world economy, the GDP growth rate bearing testimony to the fact, foreign trade has seen a dramatic rise over the last two decades. The falling of the world economy, therefore, has affected the Indian economy as a whole. As per the latest news, it is not only the stock market falling dramatically but also industrial output declining, creating panic amongst business establishments and the government alike. The latest news India also reveals of the collapse of consumer demand and fall of the BPO regime, i.e, outsourcing in the West. The very recent Satyam accounting scandal well portrays weak corporate governance, thus increasing investor nervousness in the already panicky situation. This latest news on financial scandal comes as a shock to emerging markets. Inflating the proceeds by over $1 billion, Satyam is an example of other probable frauds that may be uncovered. With its shares falling by 80% in India, it also dragged down Bombay stock index by 7.3%. Strengthening of regulations to protect the interest of shareholders is what is promised by the government as per latest news India.India news confirms that despite the global economic recession, Indian economy is targeted to grow by 7% in the next fiscal. With expansion activities topping the lists, this expected figure will be the highest in the world. Measures by the government as well as banks have given this green signal. According to the latest news India, the cutting of the lending rate by 350 basis points by the the RBI since October 2008 and the government’s announcement of a 200 billion rupee ($4 billion) stimulus package and cut duties on manufactured products have upheld India’s growth rate despite slowdowns.Though governments and central banks, as per latest business news, are trying to limit the economic damage so far caused yet Asian stocks fell further, reminding investors of the Great Depression of the 1930s. Latest news reported loss of 700,000 jobs in December 2008 in the US alone with few in India; other nations recorded more or less an equally grim figure.