ISSN:-2230-7850 Article :GLOBAL RECESSION & IT’S IMPACT ON INDIAN ECONOMY Author :Mr.Sandeep Krishnat Raval[N.D.Patil Night College‚ Sangli] Dr.P.S.Kamble[Shivaji University‚Klhapur] Abstract : This paper explains that there is serious imbalance in the world economy and this could have international effects. This paper analyzes the seriousness of this impeding adverse situation especially for developing countries and discusses weather as a consequences of this‚ a global recession is inevitable .this paper
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higher exports from the services sector. RECESSION: In macroeconomics‚ recession is the distinct decline in any particular country’s GDP (gross domestic product). In some references its been said that when a country faces negative real economic growth‚ for two or more successive quarters of a year‚ that’s also termed as state of recession. But exact definition of recession has always been controversial and economists tend to differ in defining recession. A business
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Tourism can generate large amount of revenues and provide job opportunities globally. Tourism is often treated as means to develop the country and to make the country known worldwide. This leads to the construction of infrastructure and facilities which are placed in locations which has the tendency to generate revenue in conjunction to tourism. However‚ the environment‚ economy and socio-culture suffers from the acts of tourism due to the activities carried out by tourist‚ thus creating negative
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Negative Economic Impacts of Tourism There are many hidden costs to tourism‚ which can have unfavorable economic effects on the host community. Often rich countries are better able to profit from tourism than poor ones. Whereas the least developed countries have the most urgent need for income‚ employment and general rise of the standard of living by means of tourism‚ they are least able to realize these benefits. Among the reasons for this are large-scale transfer of tourism revenues out of the
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This essay proposes to investigate the effects of recession on the automobile industry in world specifically in United Kingdom‚ United States‚ India and Japan. This includes its effects on employment sector‚ advertisement sector‚ Research & Development Sector‚ Banking Sector and other sectors related to this‚ the effect on overall economy and the related terminologies thereof. Also‚ the aim is to the study of effect of recession on downturn in automobile industry due to changes in Trade Agreements
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Impact of Recession on Indian Economy Table of Contents Reason for Recession to occur 2 Channel through which recession got transmitted to India from US 3 Effect of recession on different sectors 4 Impact on Indian Economy 6 Steps that government took to tackle recession 9 References: 11 Reason for Recession to occur What happened was this: banks
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Impact of Recession and its effects on HRM INTRODUCTION: The world has suddenly plummeted into a deep economic crisis (called Global Meltdown or Financial Tsunami)‚ the worst ever since the 1930’s. It has almost taken all the countries across the globe into its grip. Almost all the sectors of economy with varying degrees have caught business by surprise during the current global downturn with so much swiftness that every day has become a question of survival. Organizations are grappling with
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Impacts of Tourism in Bali - Table of Content: 1. Table of Content 2. Introduction 3. Tourism Impacts (Economic) 4. Tourism Impacts (Socio‚ Environmental) 5. Tourism Impacts in Bali (Social Cultural) 6. Tourism Impacts in Bali (Environmental & Economics) 7. Ways To Mitigate The Negative Impacts 8. Conclusion 1 - Introduction Bali is located in the Indian Archipelago‚ a chain of approximately 17 500 islands. Known for its tropical climate‚ sunny beaches and volcanic mountain peaks‚ Bali is one
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The strategic impacts of the Economic down turn on P&G Introduction According to the World Bank on Independent Evaluation Group website‚ the 2008 global economic crisis originated in developed countries weakening world economies and threatening progress that developing countries have made during the past several years. The crisis spread quickly and took many governments and international organizations by surprise. This is to say the world was not aware of the event been around the corner and
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Approach The travel and tourism sector creates more jobs per million of investment than any other sector of the economy and is capable of providing employment to a wide spectrum of job seekers from the unskilled to the specialized‚ even in the remote parts of a country. The author in the following report has a brief introduction of tourism and a little bit of the industry. The report also contains what the industry’s growth is and how the visualizes itself in 2020. The Butler’s Life Cycle model
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