The Global Financial Crisis and Short-run Prospects for India

Raghbendra, Jha (2009) - The Global Financial Crisis and Short-run Prospects for India, ASARC Working Paper 2009/01

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.