Question

Why 2008 recession not affected india?

Answer 1

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India rolled out two rounds of fiscal stimulus. ... India was less affected by the crisis than the rest of the world, not because it was isolated but because its capitalist fundamentals are strong. In the last 15 years, India has pulled more people out of poverty than in the previous 45.

Answer 2

Answer:

India rolled out two rounds of fiscal stimulus. ... India was less affected by the crisis than the rest of the world, not because it was isolated but because its capitalist fundamentals are strong. In the last 15 years, India has pulled more people out of poverty than in the previous 45.