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8/14/2019 Economic Recession by shiv pandey
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ECONOMIC RECESSION
&
ITS EFFECT ON INDIA
PRESENTED BY:-SHIV KR. PANDEY
pgdm-II (ITS Ghaziabad)
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WHAT IS RECESSION ?
The term recession is generally used to
describe a situation in which a country's
GDP, or gross domestic product, sustains a
negative growth factor for at least 2
consecutive quarters.
GDP = consumption + gross investment + government
spending + (exports − imports)
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CAUSES OF RECESSION
• actions taken to control the money supply in
the economy.
• Unbalanced equation between money
supply, interest rates & the inflation.
• Federal Bank Failures in 2008
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Act for money balancing in economy
Federal reserve Changing the interest rates Short term growth
Balanced or
favourable
result
Unbalanced or
unfavourable result
GDP growthEconomc recession
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EFFECT OF RECESSION
• Economic landscape
• Inequality in income of individuals
• Poverty
• Perception about the economy of developed
countries
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EFFECT ON INDIA
Job uncertainty
Money depreciation
Share market crisis
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INDIAN CONCERN ON RECESSION
•India always ready to face such type of crisis?
•Terrorist attacks, & share market crisis has made us
used to of facing disasters..
•Indian social & political system is more flexible as it
absove any kind of jerk coming to it.
•50-60% of the indian population has still not get
connected with the globalization era .
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RECESSION OPPORTUNITY OR
DISASTER
Developed countries are less prepared to face the crisis,
with their low GDP growth, stagnant domestic market.
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GOLDEN OPPORTUNITY FOR INDIA
emerging economies are dynamic
as their GDP is expanding, the
domestic market is growing and
the financial system is in a sound
condition.
The developing countries
therefore are most likely to be the
engine of global economic growth
in the decades to come
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Conclusion:-
So we can say that yet the current economic recession is a big
disaster for the whole world as well as for india also . but if wecompare the effect on the countries then we will find india in a
better position. Because in Indian system we have maintained a
flexibility for external factors whether it is economical crisis or
it is a terrorist attack . we get overcame from the condition. the
worst experiances in the history has made us used to of facing
such type of financial crisis. Yet it has made some effect on
some functions of indian system like poverty, income of an
individual, but we can not conclude that we are in trouble .
because the flexibility of indian economy & indian system protect it from the external factors
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THANK YOU
PRESENTED BY:-
SHIV KR PANDEY