The world is passing through difficult times as a result of global economic downturn. The people all over are agog with the impact that this phenomenon is likely to have on our economic and social life. The situation on the ground looks gloomy as a consequence of low industrial growth rate, particularly in the areas of infrastructure, automobiles, IT sectors and several others. Indian market place is greatly affected as a result of these developments leading to unemployment, poor accessibility to bank loans, and diminishing returns from the investments in the stock market consequent to withdrawal of money from the stock market by the FIIs. Several new strategies and stimulus packages are being discussed and implemented to overcome this giant problem. Amongst these difficult times, new opportunities have to be explored to continue to maintain our projected growth rate and allay the fears of our young managers for their future. This Journal will continue to address some of these developments in its current and future issues.