IMPACT OF THE GLOBAL FINANCIAL CRISIS ON INDIAN ECONOMY

	Seyed Saadat Masoumi Research Scholar, Department of Commerce, Bharati Vidya Peeth University, Yashwantrao Mohite College, Pune. View Profile Visit Site

Abstract :

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.This paper analyses the impact of the global financial crisis on Indian economy. The study argues the recession and the crisis in the world economy and effect of the crisis on the developing countries.So economy would not be safe from negative and destructive.However, this crisis contains opportunities for Indian's economic potential, but it has threats to gradually bring the economy to a record.

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