Global Economic Crisis and Impact on Indian Economy

Global Economic Crisis and Impact on Indian Economy
Author: Indian Economic Association. Annual Conference
Publisher:
Total Pages: 0
Release: 2011
Genre: Financial crises
ISBN: 9788184503579

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Papers presented at the 92nd Annual Conference of the Indian Economic Association, held at KIIT University in 2009.

Global Economic Crisis

Global Economic Crisis
Author:
Publisher:
Total Pages: 6
Release: 2016
Genre:
ISBN:

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Today India is more integrated with the world economy through both the current and capital accounts. The unfolded global financial crisis has come in various forms and represented many challenges as well as opportunities in India. The Indian economy has shown considerable resilience to the global economic crisis by maintaining one of the highest growth rates in the world. Economic growth stood at 8.6 percent during fiscal year 2010-11. GDP growth for 2009-10 was placed at 8 percent. When compared to countries across the world, India stands out as one of the best performing economies. Although there was a clear moderation in growth from 9 percent levels to 7 percent soon after the crisis hit, in 2010-11, at 8.6 percent, GDP growth in nearing the precrisis levels and this pace makes India the fastest growing major economy after China. The downturns started in USA in September, 2008 have some negative impact on Indian economy. Despite having low exposure of toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalisation of the financial sector, certain parts of financial sector were significantly affected like outflow of Foreign Institutional Investments (FII) from equity market that also led to rupee depreciation. It had adversely impacted country exports and software business. To fight with this crisis the government has also responded with some of monetary and fiscal stimulus. The present paper is an attempt to analyze the impact of recent global financial crisis on Indian economy and challenges that our economy faced and opportunities arisen from this financial global crisis.

Global Economic Crisis and the Indian Economy

Global Economic Crisis and the Indian Economy
Author: M. M. Sury
Publisher:
Total Pages: 181
Release: 2009
Genre: Business & Economics
ISBN: 9788177082258

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This book is all about current economic crisis, its origin, causes, impact, world response, world economic outlook and lessons to be learnt. The focus of the work, however, is on the impact of global economic crisis on India and the policy response by the Government of India, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and other agencies. Financial turmoil which surfaced in August 2007 in the US financial system -- as a result of defaults of sub-prime mortgage loans -- has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets.

Crisis and Predation

Crisis and Predation
Author: The Research Unit for Political Economy
Publisher: Monthly Review Press
Total Pages: 216
Release: 2020-11-15
Genre: Political Science
ISBN: 1583679243

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How India's COVID-19 lockdown is creating an unprecedented humanitarian disaster With the advent of COVID-19, India’s rulers imposed the world’s most stringent lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship. Crisis and Predation shows how this tight-fistedness stems from the fact that global financial interests oppose any sizable expansion of public spending by India, and that Indian rulers readily adhere to their guidance. The authors reveal that global investors and a handful of top Indian corporate groups actually benefit from the resulting demand depression: armed with funds, they are picking up valuable assets at distress prices. Meanwhile, under the banner of reviving private investment, India’s rulers have planned giant privatizations, and drastically revised laws concerning industrial labor, the peasantry, and the environment—in favor of large capital. And yet, this book contends, India could defy the pressures of global finance in order to address the basic needs of its people. But this would require shedding reliance on foreign capital flows, and taking a course of democratic national development. This, then, is a pursuit, not for India’s ruling classes, but a course of struggle for India's people.

The Global Financial Crisis and the Indian Economy

The Global Financial Crisis and the Indian Economy
Author: B. L. Pandit
Publisher: Springer
Total Pages: 147
Release: 2015-05-18
Genre: Business & Economics
ISBN: 8132223950

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After tracing the causes of the global financial crisis, the book focuses on two fundamental systemic issues connected with its manifestation: financial-sector regulation and the problem of the dollar-centric international monetary system, both of which have been widely cited among the important factors leading to the 2008 financial crisis. The important analytical question of monetary policy transmission during the crisis is discussed in depth with the help of appropriate econometric models. The effectiveness of India’s monetary policy during the crisis is examined by specifying an econometric model, and the impact of the crisis on the Indian stock market is modelled on the basis of risk-enhancing and risk-mitigating features. In closing, the impact of the crisis on real sectors of the Indian economy is analysed in detail.

Global Financial Crisis and the Indian Economy

Global Financial Crisis and the Indian Economy
Author: S. Asokkumar
Publisher:
Total Pages: 0
Release: 2010
Genre: Global Financial Crisis, 2008-2009
ISBN: 9788177082333

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The current global financial situation continues to be uncertain and unsettled. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, a global financial crisis, and now a global economic crisis. It has engulfed international money, credit, equity, and foreign exchange markets. India has remained relatively immune from the fallout of the crisis due to several reasons, including the prudential, supervisory, and regulatory framework of the Reserve Bank of India. More importantly, the Indian banking system has shown remarkable market discipline, docility, and sincerity of purpose. It is heartening to note that in India, complex structures like synthetic securitisations have not been permitted, so far. This collection contains 18 articles covering various dimensions of the ongoing financial turmoil and its impact on India's economy.

Global Financial Crisis

Global Financial Crisis
Author: P. Arunachalam
Publisher: Serials Publications
Total Pages: 392
Release: 2010
Genre: Financial crises
ISBN: 9788183873093

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The Global Economic Crisis Through an Indian Looking Glass

The Global Economic Crisis Through an Indian Looking Glass
Author: Adarsh Kishore
Publisher:
Total Pages: 340
Release: 2011-07-29
Genre:
ISBN: 9789353881177

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The Global Economic Crisis through an Indian Looking Glass is about the onset and unfolding of the global financial crisis and the great recession of 2008-2009, tracing its origin and causes, dimensions and impact, policy responses, lessons and the way forward from an Indian perspective. A significant feature of the book is the analysis of the four facets of the crisis: (i) genesis, (ii) impact on the world and India, (iii) the response, and (iv) the aftermath. The objective is to capture the specific aspects of the onset of the crisis and the policy responses, with particular emphasis on the sequencing thereof. The authors underscore the gaps in the international financial architecture that allow the recurrence of crises with global ramifications and emphasize the importance of cooperation, coordination and collective action to secure and sustain macroeconomic and financial stability across the globe. The book is a testament to the powerful values of global interconnectedness.

The COVID-19 Pandemic, India and the World

The COVID-19 Pandemic, India and the World
Author: Rajib Bhattacharyya
Publisher: Taylor & Francis
Total Pages: 426
Release: 2021-09-30
Genre: Business & Economics
ISBN: 1000463060

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This book analyses the economic and social impact of the Covid-19 crisis with special focus on India. It examines the economic disruption caused by the pandemic, policy responses to it and the prospect of a severe global recession. It also covers how the pandemic has contributed to considerable suffering among the masses and affected socio-cultural relationships, behavioural patterns and psychological attitudes governing human interaction. A topical and timely collection on the pandemic, the essays in the volume discuss several key themes which include, · The Corona pandemic and the changing global economy; growth, trade and macroeconomic recovery; · Public health and policy failures; appropriate policy response; · Impact on education; guidelines for the future; · Idea of economic herd immunity; impact of India’s lockdown, crisis of the migrant labourers; · Impact on agriculture, industry, firms, households and the informal sector; · Implications of digital technology for production, labour and labour relations; · Violence amidst the virus; Covid 19 and Hindu- Muslim conflict in India, domestic violence, questions of occupation, identity, gender and vulnerability; · De-globalisation and environmental challenges in the post-Covid era. Engagingly written, this comprehensive volume compiles original research by leading economists from India and abroad. It will be useful for scholars and researchers of economics, of the Indian economy, development economics, development studies, labour studies, public policy, public administration, governance, sociology and political economy.