Economics

By:Yogesh JageZeel ShahDipesh SansparaKhushboo JainSagar Shah

Global Financial Crisis of 2008-09 & it’s Impact

INTRODUCTION

•Pre-Crisis History

•When did the financial crisis start?

•How did the crisis began?

•Initial impact of the financial crisis on India

CAUSES:

• Boom and bust in the housing market

• Speculation

• High risk loans and lending practices

• Securitization

• Inaccurate credit rating

• Government Policies

• Central bank policies

IMPACT ON THE WORLD:

•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

IMPACT ON INDIA:•Impact on 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.)

•Investment

•Impact of Recession on India’s GDP Growth Rate

•Increase in Unemployment

CONCLUSION

•Overview of financial crisis on Indian Economy

•Overview of financial crisis on World Economy

•Post financial crisis scenario

Bibliography

http://www.aim.org/guest-column/the-cause-of-the-2008-financial-crisis/

http://www.globalresearch.ca/the-2008-world-economic-crisis-global-shifts-and-faultlines/12283

http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article

http://www.krepublishers.com/02-Journals/JSS/JSS-21-0-000-09-Web/JSS-21-1-000-09-Abst-PDF/JSS-21-1-001-09-963-%20Prasad-A/JSS-21-1-001-09-963-%20Prasad-A-Tt.pdf

http://rajyasabha.nic.in/rsnew/publication_electronic/glob_eco_crisis2009.pdf