Question

how European industrial revolution in 19th century affected indian economy?

Answer 1

Indian economy.

Introduction:

In 2010 the world again found itself in financial turmoil threatening another recession in the developed economies of the world, especially in European Euro land before the effects of global financial crisis (2007-09) had yet to fully wear off.

The new crisis emerged not due to hitherto toxic assets as was the case of 2007-09 sub-prime crisis but due to the threat of defaulting on payment of its debt by governments of European countries especially by Greek government. Some economists have put forward the view that this new crisis is continuation of the previous crisis of2007-09.