India recession
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India recession

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how the global recession affects Indian Economy

how the global recession affects Indian Economy

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India recession Presentation Transcript

  • 1. IMPACT OF GLOBAL RECESSION ON INDIAN ECONOMY Manuel M Mathew ST.Thomas College Pala
  • 2. WHAT IS RECESSION??? The reduction of a country’s Gross Domestic Product(GDP) growth rate for at least two quarters A recession is a contraction phase of business cycle
  • 3. DEFINITION Significant decline in economic activity lasting more than a few months,which is normally visible in real GDP ,real income,employment,industrial production and wholesale-retail sales
  • 4. ACID TEST OF RECESSION PEOPLE BUYING LESS STUFF DECREASE IN FACTORY PRODUCTION GROWING UNEMPLOYMENT SLUMP IN PERSONAL INCOME AN UNHEALTHY STOCK MARKET
  • 5. CURRENT GLOBAL SCENARIOEUROZONE(PIIGS)-SOVEREIGN DEBT CRISISUSA-TWIN DEFICIT(FISCAL & CURRENT ACCOUNT)CHINA-RECORDING DOWNWARD GROWYHJAPAN-TRADE DEFICIT FOR THE FIRST TIME INLAST IN LAST32 YEARS
  • 6. INDIAN SCENARIO WEAK INDUSTRIAL GROWTH SLOWDOWN IN INVESTMENT ACTIVITIES 7.6% DIP IN OUTPUT GROWTH INFLATIONARY RISK DEPRECIATION OF RUPEE 6.9%
  • 7. IMPACT ON TRADE INDIA ADVANCED COUNTRIESREVENUE EXPORTDECLINES DECLINES DEVELOPING COUNTRIES
  • 8. IMPACT ON FINANCIAL MARKET  SHARP DECLINE OF EQUITIY PRICES  REVERSAL OF FIIs  DEPRECIATION OF RUPEE AGAINT USD 57.15 !
  • 9. CONFIDENCE CHANNELS FALL IN BUSINESS MOMENTUM LOST CONFIDENCE RELUCTANT TO INITIATE NEW VENTURES EVEN RBI GIVES A VAGUE EAPLANATION
  • 10. MEASURES TAKEN BY INDIA SEBI LIBERALISED ITS NORMS TO ATTRACT QFIs CAP ON GOVT. SECURITIES ENHANCED MEASURES TO ATTRACT NRI DEPOSITS GOVT.’S PLAN OF HUGE INFRASTRUCTURAL INVESTMENT INCENTIVES FOR EXPORT PROMOTION
  • 11. A RAY OF HOPE FROM EUROPE…… EUROZONE AGREES FOR BANKING UNION EMERGING ROLE OF ECB IMFs BAIL OUT FUND OF $750bn TO EUROZONE
  • 12. TO CONCLUDE…… ATTRACT MORE FOREIGN INVESTMENT STRENGTHEN DOMESTIC MARKET SWIFTER IMPLEMENTATION OF NMP AUGMENTING INFRASTUCTURAL DEVELOPMENT
  • 13. THANK YOU……..