The freight traffic of indian railways has continued to grow in the last few months, albeit at slow pace, indicating only marginal impact of the global recession on the indian economy the railways registered 1387 per cent growth in revenue to rs 57,86390 crore in the first nine months ended december 31, 2008.
Operations of indian airlines industries have not been affected by global recession h0: 2 there is no effect of indian government reforms of to curb the impact of global. The indian economy exhibited significant resilience in 2008-09 in the face of an intense global financial crisis and the subsequent severe global recession in a globalised world, however, the natural process of transmission of contagion operating through the trade, capital flows and confidence channels affected the domestic economic and financial conditions. Advertisements: let us make in-depth study of the global financial crisis and its impact on india’s growth global financial crisis: the global financial crisis surfaced around august 2007 its origin lay in structured investment instruments (collateralized debt obligations, synthetic cdos) created out of sub-prime mortgage lending in the united states.
Impact of global recession on indian it industry 11 • c2c (consumer-to-consumer): where individuals can buy and sell thanks to online payment systems like paypal where people can send and receive money online with ease literature review over the period 1960-2007, a typical advanced country witnessed about six recessions — one every eight years. In india the impact of recession is not felt, as there is a job market in it for very talented and experienced people the impact is not felt in the other sectors in india the us should adopt indian way of doing business.
Recession is a part of an economic cycle, which goes always beyond a normal economic limit of an individual the economic slowdown that started in us in 2007 with its effects turned into a global shock and turned out to be called the second great depression with its disastrous effects on the indian economy. Impact of global financial crisis on india’s growth: advertisements: in the last two decades (1990-2009) fluctuations in india’s economic growth were not closely linked to the cycles in developed countries or high-income oecd countries.
The indian economy has shown negative impact of the recent global financial meltdown though the public sector in india, including nationalized banks could somehow insulate the injurious effects of globalization as we are also part of the globalization strategy of neo. Global recession - impact of global meltdown on the indian economy pallav das assistant professor in economics, patuck gala college of commerce and management, mumbai, india email: [email protected] abstract india is much more integrated with the world economy through both the current and capital accounts.