Question

Explain the eurozone crisis and its impact of India.

Answer 1

Eurozone debt crisis put a damper on India's exports to Europe, the biggest destination for Indian exports as well as capital inflows into the Indian equity and debt markets. The government blamed European crisis as important reason for India's slowdown in economic growth in recent years.

Answer 2

Answer:

The study is about the euro debt crisis and how it impacts the Indian economy. The crisis of European Union 2010 is the result of overindulgence at the expense of caution, greed, due diligence and regulation. The crisis was mainly felt in the PIIGS, members of the European Union which included Portugal, Ireland, Italy, Greece and Spain. These members of the European Union faced sovereign debt crisis and resulted in large current account deficits. These led to the loss of confidence in the European economy between these countries. These countries had to face a bailout. Like a “stone dropped in a pond would lead to ripples”, similarly the Euro crisis would impact other economy and hence the Indian economy as well.

Explanation:

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