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• W2188796543 abstract "Economic crises and there spread are increasing with the increase in globalization. The origin may be different but the tremors are being felt in different parts of the world including India. The present paper seeks to analyze the impact of global economic on Indian economy which is one of the fast growing economies of the world. Currently Indian economy is facing a challenge due to global melt down. Consequently, economic activities are bound to slow down. The global economic crisis or US Meltdown, has its origin in the United States housing sector back in 2001-02, but gradually extended over a period of time and eventually brought the entire world under its grip. Though in the beginning Indian officials denied the impact of global economic crisis affecting the Indian economy but later the government had to acknowledge the fact that economic crisis will have some impact on the Indian economy. The present paper confirms that various sectors of Indian economy are affected by global recession, to a certain extent. Economic crises and there spread are increasing with the increase in globalization. The origin may be different but the tremors are being felt in different parts of the world. The new economic policy of 1991 which is based on Liberalization, Privatization and Globalization (LPG), increased the rate of economic development in India. During post economic reforms Indian economy grew at the rate of 8 to 9 per cent. As a result, all macro economic indicators such as saving, investment export and import, foreign exchange reserve and level of employment increased in a considerable manner. The waves of global economic crisis are giving some trouble to India also but we do not see intensive atmosphere of recession in internal India. Though it is true in some way but till Indian economy has received a great blow of economic crisis, and it restricted our fast run of development completely. The economic crisis that developed around 2006-07 in United States of America (USA) due to which economies all over the world are considered to be entering into prolonged slowdown in economic activities. The intensity of present economic crisis is so high that is being compared with global economic recession in 1873, great depression of 1930s and East Asian crisis of 1990s. The present economic slowdown is considered to be sub-prime mortgage crisis in the financial sector of the US. As a result, the sub prime lending crisis led to the collapse of booming US housing sector. Keeping in above backdrop, the paper is organized as follows. Global economic crisis is explained in section II. Impact of global economic crisis on Indian economy is presented in section III. And lastly, Section IV concludes the paper with policy implications." @default.
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• W2188796543 date "2012-01-01" @default.
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• W2188796543 title "IMPACT OF GLOBAL ECONOMIC CRISIS ON INDIAN ECONOMY: AN ANALYSIS" @default.
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