The document summarizes the global financial crisis of 2008. It describes how the crisis originated from the collapse of the US housing bubble and subprime mortgage crisis. Risky subprime mortgages were bundled into securities and spread throughout the global financial system. This led to the bankruptcy of major financial institutions like Lehman Brothers and the near failure of insurance giant AIG. Governments around the world implemented bailout packages totaling over $2 trillion to stabilize their financial systems and stimulate economic recovery. The crisis had significant impacts on trade, unemployment, and economic growth worldwide.

1. INTERNATIONAL SCHOOL OF MANAGEMENT EXCELLENCE PRESENTED BY NIKHIL CHHABRA 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

22. THANK YOU !!!