International Research journal of Management Sociology & Humanities
( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH
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GLOBAL FINANCIAL CRISIS : CAUSES AND ITS EFFECTS ON GLOBAL ECONOMY
1 Author(s): DR. VARUN ELVIS MASSEY
Vol - 2, Issue- 1 , Page(s) : 23 - 27 (2011 ) DOI : https://doi.org/10.32804/IRJMSH
The Global Financial Crisis, which originated from the USA and then ultimately affected almost each and every economy of the World. The financial crisis is an important economic event which engulfed the entire world towards the end of 2008. It resulted in the economic meltdown of USA and Europe It proved the Marxian prediction of the inevitable collapse of capitalism. It also revived the interest in the long forgotten Keynesian solution of government intervention in economic activity to save the western capitalist economies. How is India affected by this global financial crisis? How has the government managed the impact of the global financial crisis on the Indian economy?