“CROSS COUNTRY COMPARATIVE ANALYSIS OF US GLOBAL RECESSION (2008) ON INDIA AND OTHER HIGHLY AFFECTED COUNTRIES USING VARIOUS ECONOMIC INDICATORS.”

Abstract

Finance is one of the most crucial elements for the growth and development of any economy. India has adopted the policy of LPG i.e. liberalization, privatization, and globalization, as a result of it the doors of trade and commerce became broadened and today the veins of Indian economy is strongly connected with the global economy. Banks and financial institutions are the significant medium to exchange the finance and let the flow of liquidity to be floated from surplus sector to the deficit one across various countries. Global crisis took place in the year 2007- 2008 in the US economy highly influenced Indian trade as well as majority of the countries at large. In the present paper the attempt is made to reflect the extent of damage to the major countries due to US economic crisis on their GDP, Employment Investments, Etc.