The document summarizes the causes and effects of the 2008 global financial crisis, known as the global meltdown. It discusses how loose lending standards for subprime mortgages in the US housing market led to a housing bubble. Complex financial products distributed these risky mortgages globally. The bubble eventually burst, leading to the collapse of major financial institutions in the US. The crisis spread worldwide and caused a global economic slowdown, rising unemployment, and government bailouts totaling $2.4 trillion. India's economy was also impacted through weakened sectors like IT, real estate, and exports.

1. INTERNATIONAL SCHOOL OF MANAGEMENT EXCELLENCE PRESENTED BY KUMARI NEETU CHOUDHARY NIKHIL CHHABRA VINIT KUMAR DALMIYA GUIDED BY: Dr. RAMESH TAGAT Prof. NITIN GARG Prof. AVR MAHADEV GLOBAL MELTDOWN

16. Impact on Indian Economy 1. The industries most affected by weakening demand were : airlines, hotels, real estate, IT,BPO 2. To lift the economy out of the recession the Government announced a package of Rs 5,000 crores On December 7, 2008. The main areas benefited were: a )Housing b) Textile c) Infrastructure d) Exports e) SME’s

17. ARE INDIA’S POMPOUS CELEBRATIONS OVER?

20. THE GAME PLAYERS WILL CHANGE

21. THE NEXT SUPER POWERS

23. THANK YOU !!!