and our
Role
1. Demand
2. Supply
• Producer's Demand
• Consumer Price
Simple tips for employees during recession times
Recession
What is Recession?
In economics, the term recession generally describes the reduction
of a country's Gross Domestic Product (GDP) for at least two
quarters.
GDP = C + G + I + NX
1. "C" is equal to all private consumption, or consumer spending, in
a nation's economy.
2. "G" is the sum of government spending.
3. "I" is the sum of all the country's businesses spending on capital.
4. "NX" is the nation's total net exports, calculated as total exports
minus total imports. (NX = Exports - Imports)
Simple tips for employees during recession times
India’s GDP
In 2008-Q3 India’s GDP slump down to 5.3%
RECESSION
= WHEN YOUR NEIGHBOR LOSES HIS JOB
DEPRESSION
= WHEN YOU LOSE YOUR JOB
CRR :Cash Reserve Ratio is the amount of money that the banks
have to necessarily keep with the RBI.The RBI pays the interest
on the amount kept with it. Current CRR rate is 5.0 %.
Simple tips for employees during recession times
Govt_Fiscal Policies
See the flow :
More money
1] Reduce CRR
available for bank
for banks
to give loans
Demand picks
up; Market
2] Lower the
Individuals take
can recover;
Repo & Reserve
more loan
repo rates`
Simple tips for employees during recession times
What about India in global market crises