International Journal of Financial Management and Economics
Vol. 3, Issue 2 (2020)
An analytical study on the impact of economic meltdown with special reference to India
Dr. Manisha Kumari
The worldwide economy saw the longest and the greatest slowdown since the Great Depression of 1930, during the period 2007-2013. The reliance of economies through globalization, made it more helpless for them to observe a fall in GDP and exchange. The greater part of the economies was influenced and enterprises experienced incredible drop in income and development.
India's economy overturned to 5 percent GDP development rate a 25 quarter low during the main quarter of 2019 monetary. Days before the information was distributed, the legislature returned a stage to report salvage measures to resuscitate the areas hurt by the financial stoppage and converse choices on overcharge for high total assets people. The account service's upgrade bundle was pointed toward tending to two primary worries of the Indian economy fall in utilization and private ventures. The economic slowdown affected various sectors such as Real Estate, Automobile Industry etc. The consumer spending in the rural market of India decreased significantly. The paper expects to consider the impact of lull on Indian economy. In addition endeavour has been made by the scientist to contemplate the different estimates taken by the govt of Indian to beat the monetary emergency in India. In this examination just auxiliary information has been utilized for the investigation and the investigation is totally graphic in nature.