{"title":"A Critical Study On Global Recession - 2008 And Its Impact On India","authors":"PRIYA MAGESH, A. Nandagopal","doi":"10.56902/irbe.2020.4.2.57","DOIUrl":null,"url":null,"abstract":"In recent years, the Indian Economy experienced a pronounced slow down in economic activity. In many ways, the slow down looked like a typical recession driven by a fall in aggregate supply. Seven notable shocks explain this event. They are ● Increase in excess demand ● Increase Money supply ● Fall in the real GDP ● Fall in the composition of agriculture to GDP ● Increase in unemployment rate ● Lower capital inflow ● Unfavorable BoT The responsiveness of fiscal and monetary policy quickly to this events and their impact in rectifying the problems is analyzed in this paper.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Business and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.56902/irbe.2020.4.2.57","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
In recent years, the Indian Economy experienced a pronounced slow down in economic activity. In many ways, the slow down looked like a typical recession driven by a fall in aggregate supply. Seven notable shocks explain this event. They are ● Increase in excess demand ● Increase Money supply ● Fall in the real GDP ● Fall in the composition of agriculture to GDP ● Increase in unemployment rate ● Lower capital inflow ● Unfavorable BoT The responsiveness of fiscal and monetary policy quickly to this events and their impact in rectifying the problems is analyzed in this paper.
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