Economic Recession Globalization and the Indian Economy

Contents: 1. Global Recession and the Indian Economy/Birendra Kumar Jha. 2. Economic recession and the world economy/D.C. Agrawal, Preeti Agrawal and Shyam Sunder Singh Chauhan. 3. Global financial Crisis and its impact on india/Sidharth Jain and Meenu Agrawal. 4. Recession in the United States of America/A. Nilasco Arputharaj. 5. Economic slowdown and the Indian economy/P.K. Saxena, Kavita Saxena and S.N. Ghosh. 6. Global Recession and its impact on Indian stock market/Sidharth Jain. 7. Globalization and Economic Recession/Shubhi Agarwal and Manju Goel. 8. Recession in Developed Countries/Prabha Singh, Amit Kumar Verma and Arun Singh. 9. Strategies for encountering recession in the IT Sector of india/Dimpal Vij and Poonam Sharma. 10. Effects of Saving and consumption Habits on recovery from global crisis/Sidharth Jain and Gyapti Jain. 11. Financial Crisis and the Indian Economy/Shobha Jain. 12. Meaning, History and present form of globalization/Prabha Singh. 13. Recession and its impact on the Indian economy/Rohit Mehra and Anshul Sharma. Index.

Since the initiation of economic reforms in 1991, India\'s integration into the world economy has been remarkably rapid. Hence, India\'s economy cannot remain insulated from global economic trends.

Beginning in September 2008, the Indian economy came under pressure, owing to the knock on effects of the global financial crisis, which later turned into an economic recession in most developed countries of the world.

The contagion was initially felt in the equity markets due to the reversal of foreign institutional portfolio flow. With sharp tightening of global liquidity, Indian banks and corporate saw their overseas financing drying up. The response of the Government of India, Reserve Bank of India (RBI) was swift and adequate. Resultantly India could tide over the adverse situation successfully.

This volume contains 13 research articles authored by scholars on economic policy matters, which provide deep insights into the origin, causes and impacts of global economic recession. Remedial measures adopted by governments worldwide including India are also discussed.