Global economic recession and indian economy
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There are many economic factors that can cause recession. Some of them are listed below
1. Built-up of over capacity
2. Balance of payment crisis owing to depleting forex reserve
3. High Interest rates
4. Rise of Non Performing Assets (NPAs) in banking sector
5. Prolong inflation or deflation in the economy
6. Decrease in Consumer Confidence Index (CCI)
Impact of Economics Recession on Indian Economy
India’s integration into global economy steadily increased since 1992, the year when India finally opened up its highly socialized and conservative economy. By 2007-08, India was well entrenched into globalized economy, though many of its critical sectors were not exposed to global risks, owing to which Indian economy was largely saved from traumatic effect of economic recession.
1. Built-up of over capacity
2. Balance of payment crisis owing to depleting forex reserve
3. High Interest rates
4. Rise of Non Performing Assets (NPAs) in banking sector
5. Prolong inflation or deflation in the economy
6. Decrease in Consumer Confidence Index (CCI)
Impact of Economics Recession on Indian Economy
India’s integration into global economy steadily increased since 1992, the year when India finally opened up its highly socialized and conservative economy. By 2007-08, India was well entrenched into globalized economy, though many of its critical sectors were not exposed to global risks, owing to which Indian economy was largely saved from traumatic effect of economic recession.
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