International Research journal of Management Sociology & Humanities
( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH
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IMPACT OF GLOBAL FINANCIAL CRISIS ON INDIAN ECONOMY
2 Author(s): DR. VINOD KUMAR SINGH , DR AWADHESH KR TIWARI
Vol - 5, Issue- 2 , Page(s) : 497 - 510 (2014 ) DOI : https://doi.org/10.32804/IRJMSH
The intensification of the global financial crisis has made the current economic and financial environment a very difficult time for the world economy, the global financial system and for central banks. The fall out of the current global financial crisis is mind-boggling for central banks and financial regulatory systems. Therefore this paper attempts to identify the causes of the current crisis accurately in order to find appropriate immediate crisis resolution measures and mechanisms ; then understand the differences among countries on how they are being impacted; and, finally, bring out the longer term implications for monetary policy and financial regulatory mechanisms. It analyses the causes, consequences of global financial crisis on Indian Economy and its remedies.