Recession Project Report

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Project Report
On
Impact of Recession in India

NDIM-PGDM-(2010-12)

Submitted by:
NAME ROLL-NO

1) SUBRAT KUMAR PATRO - 166

2) AVISEKH NAG - 131

3) VAIBAV MISHRA - 176

4) SHIVESH RAI - 162

5) DIPANJAN MITRA - 134

MEMBER| CONTRRIBUTION|
1)SUBRAT KUMAR PATRO| |
2) AVISEKH NAG| |
3) VAIBAV MISHRA| |
4) SHIVESH RAI| |
5) DIPANJAN MITRA| |

Acknowledgement

If words are considered to be sign of gratitude then let these words convey the very same. We are highly indebted to lecturer Dr.Gauri Modwel who has provide us with the necessary information and also for the support and her valuable suggestions and comments on bringing out this report in the best way possible.

We feel great pleasure to cordial thanks to all faculty members of management department of Economics who sincerely supported us with the valuable insights into the completion of this project and We are thankful to that power that always inspire us to take right step in the journey of success in my life.

CONTENTS
Objective of research

Research Methodology

Introduction to recession

Definition of recession

Attributes of recession

History of Recession

Causes & Effects of recession

Analysis & Findings on

* Current crisis in the US

* Consequences of US Recession

* Stock Market & Recession

* Recession & Politics

* Impact of recession in India

* Impact of recession in different industrial sectors of India

* Impact of recession in China

Corrective measure to counter recession

Conclusion

Reference & Bibliography
OBJECTIVE:

To study and analyze the impact of recession in India.

RESEARCH METHODOLY

The type of research undertaken is descriptive research. Various variables are taken into consideration to trace the impact of recession in India.

RECESSION

RECESSIONS ARE the result of reduction in the demand of products in the global market. Recession can also be associated with falling prices known as deflation due to lack of demand of products. Again, it could be the result of inflation or a combination of increasing prices and stagnant economic growth in the west. Recession in the West, especially the United States, is a very bad news for our country. Our companies in India have most outsourcing deals from the US. Even our exports to US have increased over the years. Exports for January have declined by 22 per cent. There is a decline in the employment market due to the recession in the West. There has been a significant drop in the new hiring which is a cause of great concern for us. Some companies have laid off their employees and there have been cut in promotions, compensation and perks of the employees. Companies in the private sector and government sector are hesitant to take up new projects. And they are working on existing projects only. Projections indicate that up to one crore persons could lose their jobs in the correct fiscal ending March. The one crore figure has been compiled by Federation of Indian Export Organizations (FIEO), which says that it has carried out an intensive survey. The textile, garment and handicraft industry are worse affected. Together, they are going to lose four million jobs by April 2009, according to the FIEO survey. There has also been a decline in the tourist inflow lately. The real estate has also a problem of tight liquidity situations, where the developers are finding it hard to raise finances. IT industries, financial sectors, real estate owners, car industry, investment banking and other industries as well are confronting heavy loss due to the fall down of global economy. Federation of Indian chambers of...
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