The Global Financial Crises (2008) and It’s Impact on Indian Economy

Abstract

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.The crisis led to a liquidity problem and the de-leveraging of financial institutions in the United States and Europe. In this paper, an attempt has been made to study the impact of Global crisis on the Indian economy.