I know very well that in an economy ,whenever there is a recession it will later lead to recovery and then boom. From what I understand, this economic recession is caused only because of Financial engineering like debt securitisation - leading to sub prime mess. Can anyone tell me how will India or even world for that matter come out of this recession??
Vikram M.
(Unemployed)
(504 Points)
Replied 01 December 2008
The intial problem was that of a credit crunch. Simultaneous lowering of bank rates by the world's central banks has eased this. Currently governments are trying to boost public expenditure to tackle the recession.
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