The global recession has impacted the Indian economy through various channels. Slow industrial growth, declining investment activities, dipping output growth and inflationary risks have led to a weakening of the Indian scenario. Exports have declined for India while imports have fallen for advanced countries, impacting trade. The financial markets have seen a sharp decline in equity prices, reversal of foreign institutional investments, and depreciation of the rupee. Confidence has fallen as businesses are reluctant to initiate new ventures. However, India has taken measures like liberalizing norms to attract foreign investments and implementing an infrastructure investment plan to strengthen its domestic market and economy.