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.

Autorentext

Fazlur Rahman is an Engineering Graduate and MBA (MNNIT Allahabad),he belongs to place Lucknow, the capital city of state U.P(INDIA).He lives with his parents Mr Aftab Ahmed & Mrs.Shahina Perveen and presently working with a Public Sector Bank(U.B.I).