GLOBAL RECESSION AND IMPACT ON INDIA. Group 5. Shailendra singh N61 Shailendra singh N62 Subhash Kumar N63 Shweta Malik N66 Virender Singh N69 Virender Kumar N68 Sumeet Hans N64 Saumitro Ba nerjee N57 Sourabh Diddi N71. SCHEME OF PRESENTATION.
Subhash Kumar N63
Virender Singh N69
Virender Kumar N68
Sumeet Hans N64
In economics, a recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes, business profits and inflation all fall during recessions; bankruptcies and the unemployment rate rises
Recessions bring anxiety and fear, not to mention financial disaster for many.
The 2008 recession had global effects. An Indian stock dealer copes with news that Indian share prices fell 6 percent.
Indymac was the first of many banks to close its doors. The real estate collapse affected the banking industry that provided mortgage loans, and before long, bank closings took over the headlines. As credit dried up and new construction slowed, unemployment rates spiked.
Some economists define a recession as two consecutive quarters in which the gross domestic product (GDP) decreases. Unemployment often rises as this occurs. And when people are unemployed, they're unable to pay their debts.
Many consumers felt trapped by credit card companies, who raised interest rates and lowered credit limits.
Index Movement in last one year
Various monitory and liquid measures released liquidity of Rs. 4900 Billion since mid September 2008 (about 9% GDP)