Global Economic Recession and Indian Economy Before and After Recession: An Empirical Investigation

Tarun Kumar, Sanju Karol

Abstract: The present study attempts to analyze the Global economic recession and Indian economy before and after recession which is one of the fast growing economies of the world. Due to global recession, Indian economy is facing a challenge. Subsequently, economic activities are bound to slowdown. The global economic recession, has its beginning in the United States housing sector back in 2001-02, but gradually extended over a period of time and eventually brought the entire world under its clasp. Although, in the beginning Indian officials denied the impact of global economic recession affecting the Indian economy yet later the government had to concede the fact that economic recession will have some impact on Indian economy. The present paper confirms that various sectors of Indian economy are affected by global recession, to a certain extent.

Keywords: Global Economic Recession, Slowdown, Indian Economy, Macro Economic Indicators.