The Global Financial Crisis Impact On India's Economy

Since2008, the global financial tsunami triggered by the U.S. subprime mortgage crisis had a serious impact on the global economy,causing a serious impact not only the economic entities of the Western developed countries, also to some extent affected the majority of developing countriesthe economic development of India as a rising power inevitably affected to some extent, specific performance:the momentum of rapid economic growth has weakened, the unemployment rate, stock prices, exports and investment, the decrease in construction of infrastructure affectedaspects. Four years later, the world economy has not completely divorced from the impact of financial crisis, now still in the event of the impact of the European debt crisis. As the "BRIC" emerging economies, India’s economy has performed better development momentum, but now they are also facing the impact of Europe’s debt crisis and its economic growth rate faces downside risks. Financial crisis comes on the Indian economy in the end produce what kind of impact, impact; why India and other countries of the world, out of the financial crisis in a short period of time to recover first; the development trend of the post-financial crisis era of the Indian economy how, etc., are worth our close attention and depth of thought and research.