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Volume : II, Issue : IV, May - 2012 Global Economic Slowdown: It's impact on employment in India S. S. Shimpale and A. S. Kadam Published By : Laxmi Book Publication Abstract : The present global economic crisis has its roots in housing loans issued to many people, by the
American financial companies, who have not the repaying capacity. First of all economic recession heated to
American economy and after that the major economies of the world were destructed by it. The recession in
the US market and the economic slowdown termed as Global recession have engulfed complete world
economy with a varying degree of recessional impact.
World over the impact has diversified and its impact can be observed from the very fact of falling
Stock market. In economics, a recession is a business cycle contraction, a general slowdown in economic
activity over a period of time. Keywords : Article : Cite This Article : S. S. Shimpale and A. S. Kadam, (2012). Global Economic Slowdown: It's impact on employment in India. Indian Streams Research Journal, Vol. II, Issue. IV, http://oldisrj.lbp.world/UploadedData/938.pdf References : - Y. V. Reddy, Global Crisis, Recession and Uneven Recovery, Orient Blackswan Publications, New Delhi.
- www.wikipedia.com
- www.businesseconomics.in
- Jyoti Ghosh, "The costs of coupling: The global crisis and the Indian economy", Cambridge Journal of Economics Symposium on the Financial Crisis July 2009.
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