It can also be stated that the impact of the recession on the Indian construction industry is less when compared to the other industries of India. But India on the whole was affected less by the recession. This can be attributed to the India’s strong fundamental of the economy, well regulated banking system and less exposure of Indian financial sector with the global financial market. The FDI in India was less during the time of the recession because of which the impact of the recession was cushioned when it reached
The capital Jakarta becoming the focal point of these investments. The following study will focus on studying the internal dynamics of the sectors and its interdependence with the Indonesian economy. The real estate industry in Jakarta is booming, could this eventually have also negative impacts on the Indonesian economy? What are the solutions to avoid that? These are essentially the main questions that will be addressed by the
Because of this reason some of the countries see India as a ‘rapid globalizer’ while other countries still see it as a ‘highly protectionist’ economy. After Independence in 1947 and till the early 1990s, India was a closed economy, with average tariffs exceeding 200 percent, and having extensive quantitative restrictions on imports, foreign investment was under very stringent restrictions. The country began to cautiously reform in the 1990s, liberalizing only under conditions of extreme necessity. Since that time, trade reforms have produced remarkable results. India’s trade to GDP ratio has increased from 15 percent to 35 percent of GDP between 1990 and 2005, and the economy is now among the fastest growing in the world.
The Indian Stock Market saw the biggest decrease in a day of 1600 points after 2008.A weaker Chinese currency will make imports from China an attractive deal in a wobbly World Market. India Should Be Worried With the rise in Dollar demand globally, including India, rupee has weakened as exchange rate is a function of demand and supply. With the yuan depreciating further the risk of Chinese goods being dumped in the Indian market at a price lower than the cost will increase, thus increasing imports. Our imports from China have jumped to $60 billion in 2014-15, while exports have plunged to $12 billion, thus creating a huge trade gap which will only tilt further with the devaluation of yuan. The fall in rupee reflects the negative impact on the Indian economy because of China.
By the end of 1990, India was facing its biggest economic crisis. The value of the Indian Rupee was going down. In order to slow down the decline, the Reserve Bank of India started expending international reserves. By mid-1991 there took place a sharp devaluation of the Indian Rupee against other major currencies. The foreign exchange reserves were depleted and the nation came to such a point that it could barely finance three weeks’ worth of essential imports.
Ashton Mason Dr. Watson Macroeconomics November 13, 2014 The Macroeconomics of Indonesia When considering the world’s most prestigious economic systems, Indonesia would not likely come up as a top contender. But right now, Indonesia is 18th in the world for the largest economy. That is quite a jump then what most people, like myself, would have thought. And remarkably, they are still growing! “After the Asian Financial Crisis of the late 1990s halted a booming economy fostered by the Suharto government, Indonesian macroeconomic indicators started to come back on track in the mid-2000s.” (Indonesia Investments.
The major problem that Indonesia often facing is inflation. However, due to its great potential, Indonesia reached its current position standing as the largest economy in Southeast Asian. It started to get worldwide attention. Nowadays, abundant foreign investment keep entering Indonesia. In fact, Indonesia is now considered to be economically strong by the IMF.
The NBER identifies a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production. " This is significantly different from the commonly cited definition of a recession being signaled by two consecutive quarters of decline in