Impact of Recession on Indian Economy: Sectorial Analysis
Rahman, Fazlur
| Autor: | Rahman, Fazlur |
|---|---|
| Veröffentlichungsdatum: | 02.03.2012 |
| EAN: | 9783848426294 |
| Sprache: | Englisch |
| Seitenzahl: | 68 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | LAP LAMBERT Academic Publishing |
| Untertitel: | How did they survive? Special case TCS (TATA COUNSULTANCY SERVICES) |
Produktinformationen "Impact of Recession on Indian Economy: Sectorial Analysis"
There is no official definition of recession, but there is general recognition that the term refers to a period of decline in economic activity. Very short periods of decline are not considered recessions. Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country's real (inflation adjusted) gross domestic product (GDP)-the value of all goods and services a country produces. Although this definition is a useful rule of thumb, it has drawbacks. A focus on GDP alone is narrow, and it is often better to consider a wider set of measures of economic activity to determine whether a country is indeed suffering a recession. Using other indicators can also provide a timelier gauge of the state of the economy.
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