The document summarizes the causes and effects of recession in India. It discusses that recessions are caused by a reduction in global demand for products and falling prices. The current recession was caused by reckless lending practices and the sub-prime mortgage crisis in the US. In India, unemployment increased as many workers returned from Gulf countries. Industries like IT, finance, and real estate were negatively impacted. The government needs to cut taxes and increase spending to boost the economy.

1. Managerial Economics Presentation On Recession In India Presented By: Amarjeet Singh (GJU09022) Ashok Kumar (GJU09009) Mridul Kumar Pathak (GJU09363) Ramesh Gakhar (GJU09202)

7. Effects Of Recession In India UNEMPLOYMENT:- Nearly 50,000 to 150,000 Indian workers, most of them from the Gulf countries, have probably returned to the country due to the global economic slowdown, Minister for Overseas Indian Affairs Vayalar Ravi informed parliament Wednesday. In his written reply to a question, Ravi told the Lok Sabha that the workers in the United Arab Emirates seemed to be most affected.

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