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The Global Financial Crisis and Short-run Prospects for India

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  • Raghbendra Jha

    ()

Abstract

This paper provides an overview of the impact of the global financial crisis (GFC) on the Indian economy. It identifies the channels through which the GFC has impacted the Indian economy and evaluates the stimulus packages that have been put in place by the government of India. Finally, the paper examines short run prospects for the Indian economy in light of the GFC and the economy's recent dynamism.

Suggested Citation

  • Raghbendra Jha, 2009. "The Global Financial Crisis and Short-run Prospects for India," ASARC Working Papers 2009-01, The Australian National University, Australia South Asia Research Centre.
  • Handle: RePEc:pas:asarcc:2009-01
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    File URL: https://crawford.anu.edu.au/acde/asarc/pdf/papers/2009/WP2009_01.pdf
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    Keywords

    Global Financial crisis; Economic downturn; Stimulus packages; India;

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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