Essay on recession in india

Based on this the unemployment rate rose in US from 0. The loss of a job is known to have a negative impact on the stability of families, and individuals' health and well-being.

In other words, people would tend to spend more rather than save if they believe inflation is on the horizon. Oil may get cheaper brining down inflation. SlideShare Explore Search You.

In the United Kingdomrecessions are generally defined as two consecutive quarters of negative economic growth, as measured by the seasonal adjusted quarter-on-quarter figures for real GDP[4] [5] with the same definition being used for all other member states of the European Union.

And thus, the cycle slowly starts again.

recession 2008 india

The IT sector will be the worst hit as 75 per cent of its revenues come from the US. One remedy to a liquidity trap is expanding the money supply via quantitative easing or other techniques in which money is effectively printed to purchase assets, thereby creating inflationary expectations that cause savers to begin spending again.

Recession pdf

Diversifying one's portfolio into international stocks may provide some safety; however, economies that are closely correlated with that of the U. And in case of metros the market sentiments itself created a need of psychological consultation. Huge government as well as private investment is likely to flow into the Indian educational system. Why be concerned about the review? This is again a good sign. In the US, v-shaped, or short-and-sharp contractions followed by rapid and sustained recovery, occurred in and —91; U-shaped prolonged slump in —75, and W-shaped, or double-dip recessions in and — But experts note that the long-term prospects for India are stable. Health care India in case of health care facilities still lakes the adequate supply. They will not change their lifestyle and will not stop spending on luxurious goods.
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Impact of Recession in India