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| Article Name : | | | GLOBAL RECESSION AND ITS IMPACT OF INDIAN ECONOMY | | Author Name : | | | P.H. KADAM | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-481 | | Article : | |  | Author Profile | | Abstract : | | | The world economy is experiencing recession which long enough. The crisis is more or less unique because it has affected advanced and emerging economies. The India's current account deficit showed that India's balance of payment unfevourable. India's BoP was under stress during 2011-12 and 2012-13 as the trade and CAD widened. India's share in world merchandise export declined marginally to 1.6% in2012 which was 1.7% in 2011. Accordingly in this global recession scenario Indian economy has been affected by global economic environment. Impact on Indian economy showed, declining its foreign trade, did not maintain inflation rate, where fiscal deficit seen over control. | | Keywords : | | - global economic environment
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