Summary |
Indian economy, in the new millennium, had registered phenomenal growth in terms of the Gross Domestic Product (GDP). The current decade will be long remembered as a period of uncertainly and instability, due to the financial upheaval sparked by the sub prime crisis. All the economies of the world are doing their best to come out of this turmoil unscathed. A slowdown in all the economies activities is visible at the impact has been immense. In a globalized economic environment, where the economies of the world have been closely integrated, no country can claim that it has not been affected by the crisis. The crisis has not spared any country, both developed and developing from falling into a trap. India is no exception in this regard. The impact of the crisis has been huge on the country. There has been a decline in the exports and this has primarily affected the external sector of the economy. The Indian economy had achieved a remarkable growth in the past few years, but it appears that, a gulf would emerge between the recent past and future performance of the economy due to the financial crisis.
This book contains 29 papers focusing on varied impact of Global Crisis on Indian Economy, penned with an in-depth analysis by academics, and research scholars drawn from all over Tamil Nadu and duly edited by a renowned author. This is, perhaps, the first of its kind in providing rich and relevant information on Indian Economy, which hitherto remained as “forbidden fruit”. All these papers invariably highlight the emerging trends and the impact of Global crisis on Indian Economy. This volume is a collection of outstanding papers contributed by eminent scholars in the area of Indian Economy. The papers basically deal with inter- related structural facts. Volume will be immense help to all those interested in the study of new innovations in Indian Economy in the changing global business scenario.
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