Economic Recession in India

3282 Words Jul 6th, 2009 14 Pages
National Conference
On

GLOBAL MELTDOWN
Issues, challenges& strategies

At
Institute of Management & Technology, Faridabad

Economic Recession in India and
Survival strategies
(Technical Session III)

Kavita Verma
DAV Centenary College,
Faridabad
Verma_ruby123@rediffmail.com

OBJECTIVES OF THE STUDY
To study the impact of recession on Indian economy
I.Positive Impact
II.Negative Impact
To study the survival strategies for
1.Individual
2.Investor
3.Employee
4.Employer

THE RECESSION

India is facing the position of recession as globalization showing its negative scenario. As it was started in US and now it's touching the boundary of India also. Recession is a phase in which rupee depreciate, cash crunches, money market slowdown, inflation
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Prepare your expenditure chart daily. Instead of retrenchment, change the salary package. Motivate your employees for doing hard work. Convince them for long working hour. To reduce the risk, segment your market. Daily calculate the inflow and outflow of cash from the organization. Keep in touch the changes government made in economic policy.

INTRODUCTION TO RECESSION

Every day we find newspaper is filled with headlines Recession. Share market is falling, inflation is coming, interest rates are falling, and all are together working to grasp a human being. An economy which grows over a period of time tends to slow down the growth as a part of the normal economic cycle. This is known as recession.
As it was started in US after giving loans to sub prime market, now it covering the boundry of India also.
The falling economy of US will affect the Indian economy. As the recession starts, Indian person starts taking their money from market, without considering the other side of coin.
Credit crisis in America will effect our inflows, exports are effected badly and my more.

Financial Crisis and Impact on India

Actually the financial crisis was originated in the US. This was started when Banks in US started giving home loan to sub-prime market with a hope of getting good return.
And the return actually return was very good. With stock markets booming and the system flush with liquidity, many big fund investors like hedge funds and