Aims and Objective: Recession has impacted severely across the world economy.

It has impacted the profitability and working of every small to large companies in the world. However the small and medium size companies have less impact of recession than the larger companies, though it has impacted the operational activities of SMEs. With this view the aim of this research is to understand the impact of global recession on working capital management of SMEs in India and provided the suitable recommendations to the companies for improving their performance. The research study will achieve the following research objectives: o To analyze the impact of recession on Indian economy as a whole and how it is reflected into the business of SMEs o To analyze the impact of recession on working capital management of SMEs o To determine the factors which are affected by global recession on the working capital management of the SMEs o To determine the driving key success factors which enable the SMEs to improve the efficieny of their working capital management o To provide the recommendation to the companies for overcome with such challenges to effectively managing the working capital

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