recession

1. The Recession of 2008-2009: How Painful Will It Be? Made by – Saurabh Gupta Bcom vocational (insurance 2 nd year)

3. Recession and its impacts on insurance sector in India.

5. Investments in india in different types of policies of LIC and other insurance companies. (In billions.) Source:- IRDA

6. Savings Rate in india Source: Commerce Department, Bureau of Economic Analysis July 2008: 1.2% 2007 2008 2009

7. REDUCTION IN SALES OF INSURANCE SECTOR Source: IRDA Aug. 2008: $381.2 billion 2008 2009 Total retail sales in billions of dollars, seasonally adjusted.

8. REDUCTION IN SALE OF ULIP POLICIES Source: IRDA Aug. 2008: 100.8 2007 2008 2009

9. Sales of new insurance policies. Source: TIMES OF INDIA July 2008: 515,000

10. Percentage change in sale of new policies. 2004 2005 2006 2007 2008 0

11. Deficit in Indian Insurance Trade Source: Economic times 2007 2008 July 2008: $62.2 billion

12. Consumer Confidence Index Source: Hindustan times 2007 2008 Aug. 2008: 56.9

13. INDIA’S Jobless Rate In percent, seasonally adjusted: Source:Department of Labor 2008 2009

14. Increament in Unemployment Rate in india due to recession. Source: Indian Workforce Commission

21. Government Fiscal Policies Government influences the economy by changing how Government spends and collects money 1] Tax cuts for businesses or for individuals More money available for spending Demand picks up; Market can recover; 2] More spending by Govt. to create jobs Individuals get salary and spend money 3] Automatic fiscal policy; Unemployment Insurance Some income to unemployed people to spend Fiscal Policies

22. Government Monetary Policies 1] Reduce CRR for banks More money available for bank to give loans Demand picks up; Market can recover; Government manipulates the available supply of money in the country Monetary Policies 2] Lower the Repo & Reserve repo rates` Individuals take more loan

23. What about India in global market crises Most of the developing economies like China, India; Currently, Slow Down Stage; Not yet in Recession Most of the developed economies like US, Japan, Germany, etc Currently, in Recession GDP Growth Rate Down; But, Still expected to be Around 6% in India GDP Growth Rate Negative;

24. Don’t worry What goes down will always go up, Markets will rebound – these tips will prepare you to be a winner !! HOPING THIS TIME RECESSION VANISHES SOON SO THAT INDIA GETS BACK TO ITS STRONGER GDP GROWTH RATE OF 8% TO 10% . (AS PER THE EXPERSTS OPINIONS IT WILL LAST TILL Q3 of 2009 ).. You can be updated yourself with the current economic condition through ‘ Business TV-channels,News,News papers’.