The Global Financial Crisis on India

Why do you think India is still relatively unlikely to be affected by the financial crisis? "In a globalized world, epidemics can isolate this ubiquitous crisis and the country How is a true global India globalization senior priest?" - Author: S. Shivaraman Today's globalization It is not right in the world that the country is not affected by the financial crisis. Meanwhile, the impact of planned failure of the country has some degree.

The global financial crisis affected India in a way, but it did not affect the other direction. We start with adverse effects. The flow of exports, investment and capital is directly affected by the country. As demand for products and services worldwide dropped sharply, Indian exports declined 12.1% in the first quarter of the past seven years compared with the same period last year. The textile industry accounts for 17% of India's total exports, indicating a considerable pressure to reduce labor. Foreign institutional investment from the stock market fell by $ 12 billion directly to the Indian stock exchanges. The sudden disappearance of financial credit affects mainly the small business sector, infrastructure development project and real estate. Because IT department's revenues are also heavily dependent on banks and financial institutions, the IT department is also seriously affected.

Therefore, the global financial crisis has influenced the Indian economy. After serious uncertainty in various industries such as Indian IT industry, Indian financial market, unavailability of global capital, impact on export business, the impact of the global financial crisis began in the United States, How to proceed to India The route How the various industries are influenced by this recession, the opportunity to grow, Indian economy is one of the world's emerging economies, its The record is crushed because it is least affected by the economic crisis. Even during the credit crunch, the government faces various problems. The Indian government and the Reserve Bank of India have managed this huge economic problem through consultation and coordination after initiating and implementing various procedures, rules and actions.