Professional Documents
Culture Documents
r ||
ï A is a contraction phase of the business cycle.
ï !"|#$!|% is the
official agency in charge of declaring that the economy is in a
state of recession.
ïThey " as : ³significant decline in economic
activity lasting more than a few months, which is normally visible
in real GDP, real income, employment, industrial production, and
wholesale-retail sales´
| |TS O R||SSION
å 1 '2*++
å 1#' #
ï 3 16)
Primary data was collected from interaction with
individuals from various industries.
Secondary data was collected from inance related
books, journals and websites.
ï
#6)
Due to time constraints the study was done by
interacting with individuals of a
BPO sector in Powai,
Bank employees in Powai,
ertain other employees in Thane- Khopat
area.
ï The work life of the BPO sector, IT sector, & other
outsourcing companies are worst as compared to the
Indian companies.
ï In India almost majority of the employee¶s job are secured
due to less impact of recession in India.
ï Their current profession is affected in terms of promotion
& sacking of bonus for current year.
ï In the current market situation majority of people wishes
to secure their current pay.
ï It sector & other foreign based companies are terribly hit
by the recession.
ï The person who in invest for short term gains is most
affected then the long term investor.
ï Almost all are able to meet their financial commitments
expect of few who are being laid off.
ï Many people¶s personal life is affected due to the rising
prices of essential commodities.
ï |veryone believes that the market will require another 2-3
years to recover from recession.
ù! |7
' ÷
es 60
No 40
" 1
""
"1
"|#'
""
es 30
No 70
In the current market situation
what will you prefer to go for
"
' |#'
Hike in salary 60
To secure the
current pay 30
To get in to any
job 10
Aboard 10
India 90
!|38|
' ÷
es 80
No 20
#/
#" ###
"|#'
###
es 60
No 40
orrective Steps to heck Recession
2) rorld by US:-
|conomic Advisory ouncil to the PM felt that the main
global shocks for India would come from the sharp increase in
the prices of primary goods, particularly of crude petroleum and
food. The turbulence in the international financial markets was
considered to be just one among the many factors impacting on
the Indian economy.
International financial institutions like the IM also failed
to anticipate the crisis.
'/!9:
ï The central bank even cut its benchmark repo rate by 150
basis points Gbps) to 7.5% on October 19 in an attempt to get
some of that money moving out of the bank vaults. Still no
go.
ï The problem also seems to be in the system¶s liquidity
absorption capacity. rhatever steps the government takes at
the moment such as, providing cheap cash to corporate
through a variety of refinance windows
ï The government has tried addressing the issue by spending
on infrastructure and by cutting taxes to boost demand.
!!
: 7
ï http://www.commodityonline.com/hottopics/US-
Recession.html
ï http://www.fibre2fashion.com/industry-
article/9/877/impact-of-recession-in-americaneconomy-on-
india1.asp
ï http://www.indiadaily.com/editorial/09-12f-04.asp
ï http://www.economywatch.com/world_economy/usa/indo-
usa-trade-relation.html
ïhttp://www.thehindubusinessline.com/2008/12/31/stories/2
008123151300500.html
ïhttp://profit.ndtv.com/2008/11/01005242/IndoUS-
trade-relations-rhat.html
ïhttp://www.thestandard.com/news/2008/03/20/five-
reasons-why-recession-good-time-startcompany
ï3| 6)
|##
#"