"Economic Recession, Globalization and the Indian Economy"

by Meenu Agrawal (Editor)

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Overview

Since the initiation of economic reforms in 1991, India's integration into the world economy has been remarkably rapid. Hence, India's economy cannot remain insulated from global economic trends. Beginning in September 2008, the Indian economy came under pressure, owing to the effects of the global financial crisis which later turned into an economic recession in most developed countries of the world. The contagion was initially felt in the equity markets due to the reversal of foreign institutional portfolio flows. With a sharp tightening of global liquidity, India's banks and corporations saw their overseas financing drying up. The response - by the government, the Reserve Bank of India, and the Securities and Exchange Board of India - was swift and adequate. The result was India could successfully tide over the adverse situation. This volume contains 13 research articles - authored by scholars on economic policy matters - which provide deep insights into the origin, causes, and impacts of global recession on India. Remedial measures adopted by governments worldwide are also discussed.

Product Details

ISBN-13: 9788177082883
Publisher: New Century Publications
Publication date: 07/31/2011
Pages: 204
Product dimensions: 5.80(w) x 8.80(h) x 0.90(d)

Table of Contents

About the Book v

Editor's Profile vi

Contributors ix

Editor's Note on the Book xi

1 Global Recession and the Indian Economy Birendra Kumar Jha 1

2 Economic Recession and the World Economy D.C. Agrawal Preeti Agrawal Shyam Sunder Singh Chauhan 21

3 Global Financial Crisis and its Impact on India Sidharth Jain Meenu Agrawal 35

4 Recession in the United States of America A. Nilasco Arputharaj 49

5 Economic Slowdown and the Indian Economy P. K. Saxena Kavita Saxena S.N. Ghosh 63

6 Global Recession and its Impact on Indian Stock Market Sidharth Jain 73

7 Globalization and Economic Recession Shubhi Agarwal Manju Goel 84

8 Recession in Developed Countries Prabha Singh Amit Kumar Verma Arun Singh 100

9 Strategies for Encountering Recession in the IT Sector of India Dimpal Vij Poonam Sharma 118

10 Effects of Saving and Consumption Habits on Recovery from Global Crisis Sidharth Jain Gyapti Jain 130

11 Financial Crisis and the Indian Economy Shobha Jain 145

12 Meaning, History and Present Form of Globalization Prabha Singh 156

13 Recession and its Impact on the Indian Economy Rohit Mehra Anshul Sharma 168

Index 185

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