The document discusses the impact of the global economic recession on the Indian markets. It notes that as many rich countries were badly affected by the recession, the Indian economy has also been hurt. Specifically, the recession has impacted the Indian IT industry as major Western clients cut back on outsourcing. However, a survey found that average salary increases in India in 2009 would still be 8.2%, the highest in Asia, though lower than the 13.3% increase in 2008. Certain sectors like healthcare were faring relatively well in India.

1. By: Nayana Venkatesh [email_address]

5. Low Interest Rate Availability of Easy Money & Excess Liquidity. Higher Borrowing by US Households Consumption Led Growth & Asset Price Bubble. Resulted in High Inflation & Increasing Interest Rate

8. By the end of 2006, share of sub-prime in total lending had crossed 20%. And by Q2 of 2007 out of the total mortgage bond market of $6.8 trillion, distressed debt was of $2.8 trillion.