ipl-logo

Impact On Economic Recession In India

1404 Words6 Pages

IMPACT OF RECESSION ON EMPLOYMENT OPPORTUNITIES IN INDIA

Dr. Himanshu Joshi Dr. Bharti Jaiswal
Lecturer, Government Degree College
Narandanagar Assistant Development Officer,
Planning Department Uttarakhand

Recession
The term ‘recession’ broadly, refers to a period of economic slowdown. Recession is the result of reduction in the demand of products in the global market. Recession can also be associated with falling prices known as deflation due to lack of demand of products. Again, it could be the result of inflation or a combination of increasing prices and stagnant economic growth.

Recession in India
The world is experiencing an unprecedented economic slowdown. There seems to be no end to the US financial crisis till now. In the age of globalization, no country can remain isolated from the fluctuations of world economy. Global economic meltdown has affected almost all countries. Strongest of American, European and Japanese companies are facing severe crisis of liquidity and credit. India is not isolated, either. However, India’s cautious approach towards reforms has saved it from possibly disastrous implications. The truth is, Indian economy is also facing a kind of slowdown. The prime reason being, world trade does not functions in isolation. All the economies are interlinked to each other and any major fluctuation in trade balance and economic conditions causes numerous problems for all other economies.
Several crucial sectors of Indian economy have faced serious

Show More
Related

  • Discuss The Economic Effects That Were Cause With Silver Dbq Essay

    702 Words  | 3 Pages

    From 1500 to 1750 Japan was leading in the production of sliver in the world. The Ming Chinese government required that all domestic taxes and trade fees be paid in silver, starting in the early 1570s. Silver had a wide spread economic effect with the use of their money as well as the power trade holds, social effects on the people, and increase in the suffering of the people. Documents 2,4,7,8 discuss the economic changes and effects that were cause with silver. In Documents 3,5,6,1 they explore the social effects that were by sliver.

    Read More

  • Panic Of 1837 Economic Analysis

    259 Words  | 2 Pages

    This resulted out of control inflation where paper money downgrade the value of its worth. Failed to pay close attention and monitor the spending resulted in a semi depression.

    Read More

  • Assess The Significance Of The Great Depression

    1632 Words  | 7 Pages

    In order to assess the significance of the Great Depression, we must consider the different ways in which the Great Depression was significant. The Depression was primarily significant to the German economy and German people. The Great Depression was a very significant event to Germany. It was significant to Germany because they had a turning point in the Great Depression that had many side effects on Germany. The Great Depression had a long-term problem with social, economic, and social weakening during 1929-1939.

    Read More

  • Effects Of The October Crisis

    732 Words  | 3 Pages

    October Crisis 1970s The War Measures Act was brought in to destroy the FLQ (Front de Liberation du Quebec) in the nineteen seventies which affected many French-Canadians living in Quebec especially people living near the city of Montreal. This group was originated mainly from Quebec because the French-Canadians felt that they were isolated from the rest of the society, they decided to make their own country which they could keep practicing their culture, speak their language and have their own laws. Pierre Trudeau was a great prime minister of Canada especially when he dealt with the October Crisis by bringing in the War Measures Act to wipe out the FLQ. The FLQ were determined to get sovereignty for Quebec by using any means necessary including

    Read More

  • Republican Party Blame

    777 Words  | 4 Pages

    What causes a recession is inflation. Inflation is a general increase in prices and the fall in the value of money. Falling confidence in the consumer can be a major cause in leading to a recession. Also, manufacturing orders starting to slow down in the economy, this can lead to less money being produced throughout the economy resulting to a loss of jobs. Since this causes a high unemployment rate many of the people will get on a government welfare program to pay for their family and that is even more money being lost in the economy, making the nation fall into a deeper recession.

    Read More

  • Causes Of The 2008 Recession

    1001 Words  | 5 Pages

    The 2008 recession was a major worldwide economic downturn that began in 2008 in America and continued into 2010 and beyond. The 2008 Recession was caused by the Financial Crisis of 2008; The 2008 crisis was due to a collapse of Lehman Brothers. Lehman Brothers a sprawling global bank, in September 2008 almost brought down the world’s financial system. The 2008 recession was by far the worst recession since the Great Depression of the 1930s. The worldwide recession hit bottom in December 2009; however after five years there were few signs that the American economy started moving upward again.

    Read More

  • Henry Paulson Great Depression Summary

    438 Words  | 2 Pages

    "Great depression?" they gasped. Consumer confidence plummeted, as did consumer spending (which accounts for a stunning 2/3 of US GDP). Corporations, in a mass panic, swiftly switched into a mode of panicked layoffs and cost cutting. The banks, already spooked, continued to tighten their lending not just to consumers but to corporations and other banks as well. And ditto for the rest of the world.

    Read More

  • Great Recession Research Paper

    711 Words  | 3 Pages

    The Great Recession started for the United States in December of 2007 and lasted until June of 2009. This was the worst recession in U.S. History since World War II. During this time, there was a 6.1 % loss in jobs, due the job shortages about 27 million people we either unemployed or underemployed. This affect the age household many people household income dropped increasing the poverty in America. In economics, a recession is a decline in economic activity affecting Gross Domestic Product or GDP for at least two consecutive quarters causing negative economic growth (Downes and Goodman).

    Read More

  • Black Tuesday: The New Deal

    1083 Words  | 5 Pages

    The Great Depression was a period of prolonged economic recession that began on October 1929 and was preceded by the economic boom of the 1920s. The Depression gravely devastated the country and was by far the worst economic crisis of the 20th century, lasting for a decade, till the end of the 1930s. The Depression, though widely debated upon, can be considered the result of an untimely clash of unfavourable economic factors that began with the Wall Street crash of October 24th, 1929. The damage was extended on Tuesday, October 29, 1929, thus the name ‘Black Tuesday’.

    Read More

  • DBQ Great Recession

    624 Words  | 3 Pages

    The Great Recession was a period of general economic decline observed by world markets beginning around the end of the first decade of the 21st century. The recession was a result of a financial crisis in 2007 which effected the years to come . The primary source of this problem was that banks were creating too much money. In addition, banks had doubled the amount of money and debt in the economy. Resulting in a financial crisis as the government and banks had failed to constrain the financial system’s creation of private credit and money.

    Read More

  • The Causes Of The Great Depression And The Great Depression

    798 Words  | 4 Pages

    The Great Depression was the worst economic downturn in the history, which lasted from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Spending began to drop, and it caused declines in employment and some companies began to lay off workers. By 1933, the Great Depression reached its lowest point and millions of Americans were unemployed. The 1920s consisted of dramatic social and political change.

    Read More

  • Zara Macro Environment Analysis

    888 Words  | 4 Pages

    -Economy factors: world economic crisis that resulting in a change in the consumer income, if the

    Read More

  • Elephant And The Dragon

    718 Words  | 3 Pages

    Mr. Rao became the ruler after the Rajiv Gandhi was assassinated, Mr. Rao soon after had to tell his counsel that India was broke and that the banks were no longer loaning money. As a result reform were put to swift practice first starting with devaluing India’s currency, lifting long-standing restrictions on import and to make many structural reforms to help encourage exports. India introduced a new reform each week and opened banking, airlines and oil to private investors. During 1991 the Indian government abolished the office that controlled stock market pricing and let investment banks offer a fair price. As much as Inia was growing they could not keep up with China so India began sending government officials to China to find inspiration.

    Read More

  • Disadvantages Of Economic Growth

    1571 Words  | 7 Pages

    INTRODUCTION Economic growth is defined as the increased capacity of an economy to be able to produce goods and services in comparison from one period of time to another. This is figured by the genuine Gross Domestic Product (GDP) and development, and is measured by utilizing genuine terms such as “Balanced Inflation”. These terms help to remove any distorted views on the perceived outcome of inflation on the cost of merchandises produced. Likewise, Economic growth is related to the high expectations in a person’s standard of living. If the standards are high, it wouldn’t be beneficial for the economy as the working class individuals will face a lot of trouble.

    Read More

  • Advantages And Disadvantages Of Globalization In Nigeria

    1458 Words  | 6 Pages

    Rapid increase in unemployment, under employment and poverty (about 60% of the youth aged 14-25 years) amounting into 3 million jobless people entering the labour market annually. 3. Social instability (ethnic nationalist and religious friction) 4. Hyper inflation covers 50% between (1985 – 1995) 5. Unstable exchange and interest rates 6.

    Read More

More about Impact On Economic Recession In India

Open Document