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Title: :  The Global Financial Crisis and its Impact on Indian IT Industries
PaperId: :  C-1120
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 1 Issue 1 2016
DUI:    16.0415/IJARIIE-C-1120
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Auther NameAuther Institute
C.Thanag LakshmiResearch Scholar, Manonmaniam Sundaranar University, Tirunelveli

Abstract

Finance Management
Financial Crisis, bankruptcy, employment and GDP.
The global financial crisis is an outcome of deep economic recession which generally refers to business cycle contraction and slowdown activity over a long period of time. It is a situation where macro indicator like gross domestic product, employment, capital utilization, household incomes and business profit fall and bankruptcies and unemployment rates are rise. The aggressive monetary and fiscal measures undertaken so far will not be able to secure a sound recover for the Indian economy with the global economy unlikely to receive its growth soon. A strong recovery of growth to 8-9 percent, however, is possible for India if it unveils a “second round of reforms “similar to what it had done in the early 1990s.Currently India has one of the largest IT (Information Technology) sectors in the world. This paper aims to examine the experience of Indian “IT “industry with the 2007/08 global economic crisis .The paper based on secondary data analysis. This paper seeks in three core areas. The first section provides empirical evidence of the impact of the crisis. The second section gives a theoretical explanation of the data collected and analyzed using statistical tools to understand the impacts of economic crisis. The third part gives a summary of findings in Indian IT industry during two phases pre meltdown period (2007-2008) meltdown period (2008-14).

Citations

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IJARIIE C.Thanag Lakshmi. "The Global Financial Crisis and its Impact on Indian IT Industries" International Journal Of Advance Research And Innovative Ideas In Education Volume 1 Issue 1 2016 Page 52-55
MLA C.Thanag Lakshmi. "The Global Financial Crisis and its Impact on Indian IT Industries." International Journal Of Advance Research And Innovative Ideas In Education 1.1(2016) : 52-55.
APA C.Thanag Lakshmi. (2016). The Global Financial Crisis and its Impact on Indian IT Industries. International Journal Of Advance Research And Innovative Ideas In Education, 1(1), 52-55.
Chicago C.Thanag Lakshmi. "The Global Financial Crisis and its Impact on Indian IT Industries." International Journal Of Advance Research And Innovative Ideas In Education 1, no. 1 (2016) : 52-55.
Oxford C.Thanag Lakshmi. 'The Global Financial Crisis and its Impact on Indian IT Industries', International Journal Of Advance Research And Innovative Ideas In Education, vol. 1, no. 1, 2016, p. 52-55. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/The_Global_Financial_Crisis_and_its_Impact_on_Indian_IT_Industries_C_1120.pdf (Accessed : 04 June 2018).
Harvard C.Thanag Lakshmi. (2016) 'The Global Financial Crisis and its Impact on Indian IT Industries', International Journal Of Advance Research And Innovative Ideas In Education, 1(1), pp. 52-55IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/The_Global_Financial_Crisis_and_its_Impact_on_Indian_IT_Industries_C_1120.pdf (Accessed : 04 June 2018)
IEEE C.Thanag Lakshmi, "The Global Financial Crisis and its Impact on Indian IT Industries," International Journal Of Advance Research And Innovative Ideas In Education, vol. 1, no. 1, pp. 52-55, 1 2016. [Online]. Available: https://ijariie.com/AdminUploadPdf/The_Global_Financial_Crisis_and_its_Impact_on_Indian_IT_Industries_C_1120.pdf [Accessed : 04 June 2018].
Turabian C.Thanag Lakshmi. "The Global Financial Crisis and its Impact on Indian IT Industries." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 1 number 1 (04 June 2018).
Vancouver C.Thanag Lakshmi. The Global Financial Crisis and its Impact on Indian IT Industries. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2016 [Cited : 04 June 2018]; 1(1) : 52-55. Available from: https://ijariie.com/AdminUploadPdf/The_Global_Financial_Crisis_and_its_Impact_on_Indian_IT_Industries_C_1120.pdf
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