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Recession in the West, specially the United States, is a very bad news for our country. US is our biggest trading partner in goods and services.The Recession in US will adversely impact the outsourcing industry which now employs nearly 2 million educated persons and which has provided a Philip to urbanisation of India.The outsourcing revenues will take a hit and hence the balance of payments of goods and services.
There will be steep decline in the inward remittances from the Non resident Indians. This has been a critical source of funding the deficit by the government.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoMain reason is war
With one day war country goes one year back
Dollars is fight war more than ten years
Do we know actual value of dollar
How it hit india and rest of world because we are trying to maintain the dollar.
If we go back in history we will see after 2nd world war many currency was burned and when I
Wiki User
∙ 11y agoBuddy, its almost impossible to find out correct figures.But usually lasts for1 to 3 years on average country, though you can find some signs before the recession ends just in time of moth or two. The indication would be change in Indian rupee and USD.
Wiki User
∙ 11y agoCatastrophic, due to its huge population. However, the dimension of a given condition of unemployment is the main aspect. Small and transitory unmployment is simple to solve. The dark side is when a massive unemployment takes place.
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∙ 12y agosome1 pls ans dis...
i cant imagine qns lyk dis is not being answered for dis long.. some1 pls.. dis woulf be helpful to many students and professionals including me...
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∙ 15y agohttp://conversationstarter.hbsp.com/2008/01/impact_of_a_possible_us_recess.html
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∙ 12y agorecession : origin of recession
recession : impact of recession on Indian economy
recession : suggestion
recession : opportunity
Wiki User
∙ 14y agoSome effects are:
1. Reduced GDP
2. Stock Market crash
3. Unemployment
4. Reduced imports
5. Reduced tourism
6. High inflation
etc...
Wiki User
∙ 13y agoeconomic recession
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What was the unemployment rate in India in 1991?
The unemployment rate in India in 1991 was approximately 3.4%.
What are the harmful effects of cyclical unemployment?
Unemployment
Which type of unemployment is there more of in India?
Educated unemployment is mostly found in INDIA. This unemployment is because of high population rate.
What are the causes and effects of unemployment in?
South Africa
What is the rate of unemployment now in India?
India's rate of unemployment was 7.2% according to the Related Link below (report as of 11/26/09)
What are the effects of over population in the Philippines?
Malnutrition and unemployment are some of the effects of the said topic.
What are the three types of unemployment found in India?
The three types of unemployment found in India are structural unemployment, cyclical unemployment, and frictional unemployment. Structural unemployment refers to a mismatch between the skills possessed by job seekers and the requirements of available jobs. Cyclical unemployment occurs due to fluctuations in the economy, leading to reduced demand for labor. Frictional unemployment is a temporary phase when individuals are in-between jobs or searching for new employment opportunities.
What nation had the highest rate of unemployment?
india
What are the 4 main negative effects of unemployment?
effects the economy, brings poverty, homelessness, and hunger.
What is the current unemployment rate of India?
The current unemployment rate in India is around 8% as per CMIE. However, the ground reality is that the actual unemployment may be much more than what is shown in the report.
Effects on part of communism of disintigration of soviet union?
== == Unemployment.
What are the nature and causes of unemployment of India suggest remedial measures to solve thi problem?
examine the causes of unemployment
