Are Indian Bloggers Hit by Recession?

Recently, I was interviewed by a reporter from Economic Times about the impact of recession on Indian bloggers. You can read the full article here. My opinion is that most of Indian bloggers are not hooked to blogging only for moolah. Bloggers would be happy to make extra income from blogging but money is not sole aim, its more of hobby and knowledge sharing. Indian bloggers are mostly part-timers and have regular jobs to make their living.
Recession has now started affecting newspaper industry with Tribune planning to file for bankruptcy, blogs may be next to get affected. So what do you guys feel, Is recession impacting your blogging in any way?