US Debt Crisis:Should it be a concern for Indian Investors?

The year 2011 started on a good note for markets globally; however the trend could not be sustained for long due to the recurring uncertainties that has enveloped the global environment. The markets were subject to negative events around the world - firstly, the natural disasters in Australia and Japan, political tensions in the Middle East, monetary tightening measures undertaken by Central Banks in the emerging economies to tame inflation and the worries over US recovery and Euro zone debt crisis. The final blow to these depressing sentiments came in the form of downgrading of US long-term sovereign credit rating from AAA to AA+ by Standard