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recession in india

recession in india

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Published by: PUTTU GURU PRASAD SENGUNTHA MUDALIAR on Mar 03, 2009
Copyright:Attribution Non-commercial

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02/01/2013

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Major Recessionary Trends in India
Ma
jor Recessionary Trends in India
and Ways to Overcome It
and Wa
ys to Overcome It
Presented by \u2013
Presented b
y\u2013
Sonuka Agarwal
Sonuka A
garwal
Soumini Das
Soumini Das
What Is Recession ?
What Is Recession ?
\ue000 ARecessi on is a contraction phase of the business cycle.
\ue000 National Bureau of Economic Research (NBER) is the
official agency in charge of declaring that the economy is in a
state of recession.
\ue000 They define recession as :

\u201csignificant decline in economic activity lasting more than a few
months, which is normally visible in real GDP, real income,
employment, industrial production, and wholesale-retail sales\u201d.

\ue000 For this reason, the official designation of recession may not
come until after we are in a recession for six months or longer.
What Causes Recession ?
What Causes Recession ?
\ue000 An economy typically expands for 6-10 years and tends to go
into a recession for about six months to 2 years.
\ue000 A recession normally takes place when consumers loose
confidence in the growth of the economy and spend less.
\ue000 This leads to a decreased demand for goods and services, which
in turn leads to a decrease in production, lay-offs and a sharp
rise in unemployment.
\ue000 Investors spend less as they fear stocks values will falland
thus stock markets fall on negative sentiment.

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