Preview

Recession in India

Good Essays
Open Document
Open Document
5286 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Recession in India
Project Report On Impact of Recession in India INDEX Introduction to recession Definition of recession Attributes of recession Causes & Effects of recession Stock Market & Recession Recession & Politics History of Recession Current crisis in the US Impact of recession in India Consequences of US Recession Conclusion Bibliography Acknowledgement If words are considered to be sign of gratitude then let these words convey the very same. *I am highly indebted to all* who has provide me with the necessary information and also for the support and her valuable suggestions and comments on bringing out this report in the best way possible. I feel great pleasure to cordial thanks to all faculty members of management who sincerely supported me with the valuable insights into the completion of this project and I am thankful to that power that always inspire me to take right step in the journey of success in my life. RECESSION RECESSIONS ARE the result of reduction in the demand of products in the global market. Recession can also be associated with falling prices known as deflation due to lack of demand of products. Again, it could be the result of inflation or a combination of increasing prices and stagnant economic growth in the west. Recession in the West, especially the United States, is a very bad news for our country. Our companies in India have most outsourcing deals from the US. Even our exports to US have increased over the years. Exports for January have declined by 22 per cent. There is a decline in the employment market due to the recession in the West. There has been a significant drop in the new hiring which is a cause of great concern for us. Some companies have laid off their employees and there have been cut in promotions, compensation and perks of the employees. Companies in the private sector and government sector are hesitant to take up new projects. And they are working on existing


Bibliography: {text:list-item} {text:list-item} {text:list-item}
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    eco 561 week 5
    • 1596 Words
    • 7 Pages

    eco 561 week 5

    A recession is a period of decline in total output, income, and employment. This downturn, which lasts 6 months or more, is marked by the widespread…

    • 1596 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Unit 1 P5 M2
    • 3581 Words
    • 10 Pages

    Unit 1 P5 M2

    Recession: - customers continue to spend but overall load fall and product services become more costly. As a result to this businesses are strained to reduce the prices of their items to generate sales. The reduced output also causes people to lose their jobs, and in some cases this can cause economic failure as the business cannot continue to exist in the reduced economy.…

    • 3581 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Good Essays

    Fiscal and Monetary Policies During the 2008 Recession in America
    • 980 Words
    • 4 Pages

    Fiscal and Monetary Policies During the 2008 Recession in America

    “It is not about how hard you fall, but how you get up and keep going.” Economic recession may be a natural phenomenon in the world’s economies. Every market has its peaks and falls, definitely the United States of America has hers.…

    • 980 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Depression vs Recession - Difference and Comparison Diffen
    • 757 Words
    • 4 Pages

    Depression vs Recession - Difference and Comparison Diffen

    A recession is a contraction phase of the business cycle. The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." American newspapers often quote the rule of thumb that a recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters. This measure fails to register several official (NBER defined) US recessions.…

    • 757 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    How Does Recession Affect The American Economy
    • 71 Words
    • 1 Page

    How Does Recession Affect The American Economy

    American economy is becoming globalised that the value of its stock can be easily affected by a downturn in business, where the earning estimates among enterprises decreased due to the causal effect of supply and demand and the reluctant of international consumers and accumulation of inventories; therefore, the tendency of customers to postpone their purchases leads to a plunge in demand that causes an overall falling in consumptions, consequently, recession happens.…

    • 71 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Why Is Australia A Mixed Economy
    • 1097 Words
    • 5 Pages

    Why Is Australia A Mixed Economy

    The Australian economy Introduction • Many factors influence… Types of economies: There are numerous economic systems, each operating… 1) Traditional economies are fashioned by the traditions, customs and beliefs which form the goods and products the society creates. The method of bartering and trading for goods and services derive from long-established patterns. This economy is found in rural and farm based third world countries with larger indigenous populations such as isolated tribes of the Amazon. 2) Command economy is an economy system in which the government retains control over all major aspects of the economy and means of production. Private enterprises are alleviated, giving the government power over the manufacturing and distribution…

    • 1097 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    D2: Business
    • 337 Words
    • 2 Pages

    D2: Business

    Recession: Recession is when the general economy goes into decline. This then causes customers to cut back on spending; the business will have to stop all orders leading to employees being jobless and a decline in the income and demand.…

    • 337 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Us Recession
    • 899 Words
    • 4 Pages

    Us Recession

    The U.S economy is recovering from one of the longest and deepest recessions since the end of WWII. The definition of a recession is, a general slowdown in economic activity, a downturn in the business cycle, and a reduction in the amount of goods and services produced and sold. This is precisely what happened to the U.S economy from 2007-2009. For the years leading up to recession, a then booming housing market lead some to believe a recession was inmate. Since the start of the recession, the United States has tried to regain stability in its economy, and implement fiscal and monetary polices to prevent future crisis.…

    • 899 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Good Essays

    The Effect Of The Great Recession On The United States Economy
    • 261 Words
    • 2 Pages

    The Effect Of The Great Recession On The United States Economy

    “Historically, recessions have developed over time. This one seems to have developed overnight (Partilla).” This thought is thought to stress the fact that while recessions are at times rare, when they do occur they can have a devastating effect. A recession or economic downturn is defined as a period is temporary economic decline during in which trade and industrial activity are reduced. Economic recession is generally accompanied by a rise in unemployment, high inflation, and decline of the housing market. Otherwise known as “The Great Recession,” the recession in the United States from the year 2007 to 2009 negatively impacted the United States economy by significantly altering the US’s labor market, unemployment rate and recovery potential.…

    • 261 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    The Great Recession of 2008
    • 2073 Words
    • 60 Pages

    The Great Recession of 2008

    A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economy's fall into a recession, but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline, unemployment rate can rise due to less spending which can be one of the combined factors when an economy falls into a recession. Inflation is the general rise in prices of goods and services over a period of time. Inflation can happen for reasons such as higher energy and production costs and that includes governmental debt.…

    • 2073 Words
    • 60 Pages
    Good Essays
    Read More
  • Good Essays

    The Great Recession of 2008
    • 885 Words
    • 4 Pages

    The Great Recession of 2008

    A recession normally takes place when consumers lose confidence in the growth of the economy and spend less.…

    • 885 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Recession In The 1930's
    • 730 Words
    • 3 Pages

    Recession In The 1930's

    In the beginning, the only event that popped into anyone’s mind when they heard the word recession was in the 1930’s. During the 1920’s a stock market crash occurred, however, many believe that the recession began way before leading up to the crash as a whole. This recession went on through the 1930’s, ending around 1939, depending on who you ask. It took a significant amount of time to recover, and while doing so, prepared for another recession in future if it happened. Over the years, the economy has good and bad days, however, the United States have become aware of the housing market, unemployment, and bad loans affecting the economy drastically during 2007-2009.…

    • 730 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Week 5 Assignment Expansionary Economic Policy
    • 2908 Words
    • 8 Pages

    Week 5 Assignment Expansionary Economic Policy

    In economic terms, a recession is classified as a slow growth or lack of growth in economic activity; in order for the economy to get out of the recession, the government must implement expansionary economic policies. The role of government in the American economy extends far beyond its activities as a regulator of specific industries. The government also manages the overall pace of economic activity, seeking to maintain high levels of employment and stable prices. “The activities of government are grouped into three categories: allocation, redistribution, and stabilization. Stabilization and redistribution are conducted primarily through governments in all economic systems. Allocation is a microeconomic activity that is shared by the government and the market to different extents in different systems (Amacher & Pate 2012, chapter 2.4)”. The US economy is the largest economy in the world, with one of the highest GDP per Capita. However, despite its position as the most powerful economy, it now faces many serious economic problems. Some of these are short term, but some of them reflect an underlying weakness. Every ten years or so the United States goes through some sort of recession for various reasons like the internet bubble of the late 90 's to early 2000 's and the mortgage bubble crisis of the late 2000 's to currently.…

    • 2908 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    Social Psychology Current Events
    • 1003 Words
    • 5 Pages

    Social Psychology Current Events

    According to the financial definition, a recession is a significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income, and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's GDP. (Dictionary.com) A less official and more realistic definition of an economic recession is the social perception of the state of the economy at a given time. The collective beliefs of the public, mainly businesses and consumers, drive the social perception of whether things are seen as positive or negative. Unfortunately there are social perception errors at play, often driven by the media, which influence the confidence to spend and effect the direction the economy will move.…

    • 1003 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    How the Recession Affected Air New Zealand
    • 1528 Words
    • 7 Pages

    How the Recession Affected Air New Zealand

    Recession defined by Investopedia (2010) is ‘a significant decline in activity across the economy, lasting longer than a few months.’ With the fall of the US banking system in late 2007 came the recession which lasted all until the present day; we are now currently steadily recovering. But during the recession many countries suffered as did New Zealand, out of the companies that were affected, among them was Air New Zealand one of New Zealand’s biggest companies. The impacts of inflation causing raised CPI, the rise and fall of supply and demand, and unemployment are just some of the causes from recession. These impacts have a huge shock on the society, such as the effects on the general people.…

    • 1528 Words
    • 7 Pages
    Powerful Essays
    Read More

Related Topics