FTN: India Inc must cut cost to survive economic crisis

With the global economic crisis, is it time to sound a warning bell to corporate India? If Chairman of Tata Sons, Ratan Tata writes to top management that times are tough and cost cutting is the need of the hour, is it a sign of an impending doom? Above all, will the employees be ready to cut costs as companies battle an economic meltdown? That was the question debated on Face the Nation.