Keywords
Recession
Abstract
In recent years, the Indian Economy experienced a pronounced slow down in economic activity. In many ways, the slow down looked like a typical recession driven by a fall in aggregate supply. Seven notable shocks explain this event. They are ● Increase in excess demand ● Increase Money supply ● Fall in the real GDP ● Fall in the composition of agriculture to GDP ● Increase in unemployment rate ● Lower capital inflow ● Unfavorable BoT The responsiveness of fiscal and monetary policy quickly to this events and their impact in rectifying the problems is analyzed in this paper.
Recommended Citation
Magesh, P. Ph.D. and Nandagopal, A. Ph.D.
(2020)
"A Critical Study On Global Recession - 2008 And Its Impact On India,"
International Review of Business and Economics: Vol. 4:
Iss.
2, Article 61.