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The Financial Crisis of 2008
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Find out what happened during the financial crisis of 2008 and how this impacted the world economy.

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Unacademy user
wonderful simple and easiest method of understanding. thanks ma'am.
why global recession affects not that much to Indian economy? I want to know, what contributes in making indian economy so resilient?
Vignesh GANDHI
a year ago
First of all, the following reasons are my point of view: 1) Even though the globalization does not leave out India, Indian economy depends more on domestic demand which protected our country from crisis. 2) The fundamentals of our Indian economy is way stronger than US economy. By saying that I mean we have comparatively way stringent measures like having to meet out CAR requirements of a bank, way tougher ease of doing business compared to others. And I think the twin balance sheet problem whichever we are facing now is all because of the Global financial crisis 2008. So the repercussions of that crisis is hitting our economy now only.
Rahul Kumar
a year ago
Thank you......Apart from this...May be 1. The contribution of informal sector in Indian economy is huge in comparison to advanced country, 2. Most of the indian people are working in agriculture which is more dependent on monsoon rather than global economy. 3. Savings of indian households are higher than their western counterpart. .....But I am not sure whether they r exact reasons or not
a lesson on ghost cities of china.
Mam can you please make a videos on various international unions like UNESCO, UNO, WHO, WTO etc.
madam please make a video on evolution of india in the field of artificial satellites
Madam make video on RBI monetary polices lik CRR REpo rate etc
  1. THE FINANCIAL CRISIS OF 2008


  2. WANTED A DECENT The Great Depression in the 1930s AGE 37- FAMILY WANTED A DECENT ECENT MAN WAR VETrD


  3. ere ts bu Now RESTAURANT 0 Lehman Brothers on September 15, 2008


  4. The loaning companies made it easier to get a


  5. These loans are known as subprime loans


  6. The value of many homes dropped below the value of the remaining mortgage debt


  7. The number of houses for sale continued to increase


  8. It was a global economic shock


  9. The USA and Europe were in deep financial troubles Crash of sbelief, and a p


  10. India remained the second fastest growing economy