Global Economic Crisis: An Analysis for Indian Economy

The Global Economic Crisis or US Meltdown, one of the most out shaken turmoil in the history of financial innovation, has its origin late back in United States, but gradually extended over a period of time and eventually brought the entire world under its grip in year 2007-08. The present study looks upon the mechanism behind the crisis- How and in what way the crisis originates and engulfed most of the developed and developing economies of the world. India, not an exception, also affected by this although initially officials denied of this fact but over a considerable period of time they themselves ponder upon the ways to escape from this wave. The present study also makes an attempt to look upon the impact of global crisis on Indian economy in terms of selected economic indicators.