ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India amidst the Global Crisis

Contrary to popular belief, there were palpable signs of the Indian economy losing steam long before the outbreak of the global crisis. But there is little doubt that the global meltdown has seriously aggravated the problem and made the task of reversing the domestic downturn much more difficult. For an adequate appreciation of the country's ongoing economic slide, this paper considers the domestic as well as the external factors at work both before and during the crisis.

This is a revised version of a lecture delivered at the University of Calcutta on 7 March 2009.

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