India's Economy During World Economic Crisis: Perspectives for the Future Cover Image

Gospodarka Indii w warunkach światowego kryzysu gospodarczego. Perspektywy na przyszłość
India's Economy During World Economic Crisis: Perspectives for the Future

Author(s): Joanna Modrzejewska-Leśniewska
Subject(s): National Economy, Economic policy
Published by: Szkoła Główna Handlowa w Warszawie
Keywords: economic crisis; economy; economic reforms; member states

Summary/Abstract: The world economy is in serious crisis for a few years now. First signs of the crisis were noticed in 2006 when the real estate market slump begun, followed by crisis in banking, car manufacturing and other sectors. Some states suffered from recession or economic slow down and the unemployment rates have gone up. Although the crisis was global, it affected different countries in different ways. To be in crisis meant something else for the United States, Japan or EU member states. In this context, much attention was drawn to the fast growing economies as China or India, whose economy grew in last 10 years by up to 9% annually and suffered comparatively little due to the crisis. What were the mechanisms the protected India's economy from the crisis? Several factors were responsible for that, including active state policy, anti-crisis packages, investments on internal and foreign markets, and huge internal market.

  • Issue Year: 14/2013
  • Issue No: 2
  • Page Range: 181-194
  • Page Count: 14
  • Language: Polish
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