GLOBAL ECONOMIC CRISIS:

CAUSES, IMPACT ON INDIAN

ECONOMY, AGRICULTURE AND
FISHERIES

BISWAJIT DEBNATH Presented by

Nisha Ghodake
MMS Div A 17019
INTRODUCTION

The Global Economic Crisis and 2008 financial crisis, is considered by many
economists the worworst financial crisis since the Great Depression of the 1930s
, The financial crisis, brewing for a while, really started to show its effects in the
middle of 2007 and into 2008. It is a situation where macro indicator like
economic growth rate fall in most countries across the world. “Although
economists largely failed to predict this global economic seismic shock, they
have since made up for their oversight by generating a large and growing
literature explaining the crisis.”
objective

 To examine the impact of the global financial crisis

 To identify the different reason for global financial crisis
Research methodology

The data for the study has been collected from secondary source.
secondary data had been conducted from various books and general. the
study covers the thoughts and writings of various authors in the stream of
industry.
causes
 Sub-prime mortgage
 Securitization and Repackaging of Loans
 Excessive Leverage
 Mismatch between Financial Innovation and Regulation
 Fair value accounting rules
 Failure of Global Corporate Governance
 Typical characteristics of US financial system Failure of Global Corporate
Governance
 Complex Interplay of multiple factors
Impact on Indian economy

 Impact on Indian GDP growth rate

 Inflation rate
 Export and import
 FDI inflows
 Agriculture export
 Agriculture GDP
 Crisis in Fisheries
 Fisheries Export
 Conclusions
While the developed world, including the U.S, the Euro Zone and Japan,
has plunged into recession, the Indian Economy is being affected by the
spill-over effects of the global financial crisis, Chidambaram (2008) &
Seshan (2008). Great savings habit among people, strong fundamentals,
strong conservative and regulatory regime have saved Indian economy
from going out of gear, though significant parts of the economy have
slowed down and there is a wide variance of opinion about how long it
will continue. It is expected that growth will be moderate in India. The most
important lesson that we must learn from the crisis is that we must be self-
reliant. Though World Trade Organization (WTO) propagates free trade,
we must adopt protectionist measures in certain sectors of the economy
so that recession in any part of the globe does not affect our country
Thank
you