Surviving The Storm India And The Global Financial Crisis

The global financial meltdown, triggered by the collapse of US investment banking giant Lehman Brothers, on September 2008, is now widely acknowledged to be the worst economic crisis since the Great Depression of the 1930s. Its tremors are being felt to this day more than two years on. Whilst many were optimistic that the Indian economy was firmly decoupled from what happened elsewhere in the world, the reality turned out to be different. The booming Indian economy was affected, though not to the same degree as some advanced industrial countries.

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