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Economics
The document summarizes the global financial crisis of 2008-2009 and its impact on India and the world. It discusses the causes of the crisis such as the boom and bust in the housing market and risky lending practices. The crisis led to a decline in global trade and GDP. In India, it impacted the stock market, exports, and various sectors. While India was initially impacted, it was able to recover better than many nations due to strong economic growth and domestic demand. The conclusion reflects on the effects felt worldwide and the post-crisis scenario.
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Economics
- 1. Economics By: Yogesh Jage Zeel Shah DipeshSanspara Khushboo Jain Sagar Shah Global Financial Crisis of 2008-09 & it’s Impact
- 2. INTRODUCTION •Pre-Crisis History •When didthe financial crisis start? •How did the crisis began? •Initial impact of the financial crisis on India
- 3. CAUSES: • Boom andbust in the housing market • Speculation • High risk loans and lending practices • Securitization • Inaccurate credit rating • Government Policies • Central bank policies
- 5. IMPACT ON THEWORLD: •International Trade •Decline in growth •Collapse of US’s financial sector •Eastern Europe •Severe loss of confidence in global economy •GDP of the Japanese Economy •Slowdown in Latin America and Caribbean •Asian Factories
- 6. IMPACT ON INDIA: •Impacton stock market •Impact on India’s trade •Impact on India’s export •Impact on India’s handloom sector, jewelry export and tourism •Exchange rate depreciation •IT-BPO sector •FII and FDI (contd.)
- 7. •Investment •Impact of Recessionon India’s GDP Growth Rate •Increase in Unemployment
- 8. CONCLUSION •Overview of financialcrisis on Indian Economy •Overview of financial crisis on World Economy •Post financial crisis scenario
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