PRESENTATION FLOW WHAT IS RECESSION ATTRIBUTES GLOBAL EFFECT IMPACT ON US INDIA NOT SPARED CONCLUSION

WHAT IS RECESSION? “ A significant decline in economy activity spread across the economy,lasting more than a few months,normally visible in GDP,National income,Employement,Industrial production and Sales”

ATTRIBUTES OF RECESSION INFLATION - sharp rise in general level of price of goods and services. DEFLATION - persistant decrease in the general price level of goods and services. STAGFLATION – combination of rising prices and stagnant economic growth. ECONOMIC DEPRESSION – severe or prolonged recession.

RECESSION

GLOBAL RECESSION

RECESSION HITS US

SUB PRIME MORTGAGE A subprime mortgage is a type of loan granted to individuals with poor credit histories, who, as a result of their deficient credit ratings, would not be able to qualify for conventional mortgages. Because subprime borrowers present a higher risk for lenders, subprime mortgages charge interest rates above the prime lending rate.

EFFECT OF RECESSION ON INDIA Market Software services Fund inflows Rupee Job loss

INDIA IMMUNE??

CONCLUSION With the presidential nomination of Barack Obama there is hope the he will pull the country of this crisis. Prime minister Manmohan Singh expects to achieve a growth rate of about 7% in 2009,stressing that the fundamentals will be unaffected by the recession.

BIBLIOGRAPHY ➢ Financial times ➢ The Economist ➢ Wikipedia.com

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