Summary |
A recession is a general slowdown in economic activity in a country over a sustained period of a time or a business cycle contraction. To identify a recession there must be two successive quarterly declines in GDP of the country concerned. During 2007-09, economic trends indicate that Europe, Japan and the US are undergoing recession. Falling house prices, crisis in the financial system and lower confidence had led to a sharp downturn which may deteriorate further.
“Indian Economy and Global Recession: An Impact Analysis” describes growth trends , factors affecting growth, GDP, development, issues, challenges, disparities, liberalization and income resources in Indian economy. The book makes elaborate explanation on the global recession emanating from US and impacting the countries world over. Each and every aspect of global recession is explained in lucid language along with its impact on world economy in general and Indian economy in particular.
|
