NAME:KHUSHI PATEL

PRN :2020033800072777

GLOBAL
RECESSION AND
ITS IMPACT ON
INDIA
INTRODUCTION
• Meaning:Global recession is generally defined as a significant and prolonged decline
in economic activity that occurs simultaneously across multiple countries or regions,
resulting in widespread negative impacts on various economic indicators.
• Importance: Economic consequences
Trade and investments
Employment and livelihoods
Social and welfare impacts
Policy responses
Economic interdependence
Government policy
OBJECTIVE OF THE STUDY
The government response to the recession

To provide recommendations

Identify the causes of global recession

To identify the impact of global recession on India

To understand the social and political implications of the

recession
Research methodology:

This research will use secondary data analysis as the research methodology

Data Analysis:

We will use content analysis to analyze the data collected from the above sources. Content analysis is a research
method that involves analyzing textual data to identify patterns, themes, and trends.

Ethical Considerations:
As we will be using secondary data analysis for this research, ethical considerations will be minimal.

Data Sources:

Government reports , academic journals , news articles

SCOPE OF THE STUDY

• Understanding the causes and effects of global recession on the world economy and how it
has affected the Indian economy.
• Analyzing the policy measures taken by the Indian government and central bank to mitigate
the impact of the global recession on the Indian economy.
• Reviewing the literature on the impact of previous global recessions on the Indian economy
and comparing it with the current scenario.
• Examining the impact of the global recession on Indian trade and investment flows and
analyzing the impact of global trade agreements on the Indian economy.
• Identifying the challenges faced by the Indian economy due to the global recession and
suggesting policy measures to address them.
GLOBAL RECESSION AND INDIAN ECONOMY

Impact on
Impact on Impact on
Indian Stock
Indian GDP Employment
Market

Impact on Impact on
Foreign Banking and
Investments Finance Sector
 FISCAL MEASURES:

Fiscal stimulus packages

Export promotion measures

MEASURES Infrastructure Development
TAKEN BY Employment generation

INDIAN Reforms

Trade policy
GOVERNMENT MONETARY MEASURES:

Boosting foreign investment

Incentives for foreign investment

Strengthening the banking system

Increased liquidity support

Increasing government spending

DATA ANALYSIS AND INTERPRETATION
Trends in GDP at factor cost in rs crore
GDP at factor cost increased consistently from 2011-12 to 2019-20, except for a minor dip in growth rate in 2012-13. The
growth rate was the highest in 2015-16 at 8.2% and lowest in 2020-21 at -7.7%
Index of Industrial Production (Growth)
Between 2011-12 and 2015-16, the IIP growth rate was generally positive, with the highest growth rate being 3.3% in
2015-16. However, in 2016-17 and 2017-18, the growth rate increased significantly, reaching 4.6% and 4.4% respectively.
In 2018-19, the IIP growth rate decreased slightly to 3.6%, but it remained in positive territory. However, in 2019-20, the
growth rate turned negative at -0.7%, which could be attributed to a slowdown in the economy.
The COVID-19 pandemic had a severe impact on the Indian economy, and this is reflected in the IIP growth rate for 2020-
21, which was -8.6%.
Net investment of FIIS at monthly exchange Rate (in US million )
In 2007-08, net Foreign Institutional Investments (FIIs) inflows into India amounted to $16040 million. But in April-
November 2008 it was negative to $8857 million.
Foreign Exchange Rate
INR-USD exchange rate remained relatively stable in the period from April 2020 to March 2021, with some small
fluctuations and occasional appreciation and depreciation.
RECOMMENDATIONS

1 2 3 4 5 6 7

Identify the Examine the Analyze the Evaluate the Explore the Suggest policy Include recent
causes and previous global Indian economy government potential impact recommendatio developments
effects of global recessions and and its policies of a global ns
recessions their impact on vulnerabilities recession on
India specific sectors
of the Indian
economy
BIBLIOGRAPHY
• "Impact of Global Recession on Indian Economy" by Rajeev Singh and Pradeep Kumar Singh. Indian
Journal of Applied Research, vol. 3, no. 10, 2013, pp. 1-3.
• "Global Financial Crisis and Its Impact on Indian Economy" by S. S. Suryanarayana. Economic and Political
Weekly, vol. 44, no. 39, 2009, pp. 47-54.
• "The Global Financial Crisis and Its Impact on India" by M. Govinda Rao and R. Kavita Rao. The Indian
Journal of Labour Economics, vol. 53, no. 4, 2010, pp. 701-712.
• Reserve Bank of India: https://www.rbi.org.in/
• Ministry of Finance, Government of India: https://www.finmin.nic.in/
• International Monetary Fund: https://www.imf.org/en/Home
• World Bank: https://www.worldbank.org/
• The Economic Times: https://economictimes.indiatimes.com/

IMF (https://www.imf.org/en/Home)