What are effects of unemployment in India?

Answer 1

Recession in the West, specially the United States, is a very bad news for our country. US is our biggest trading partner in goods and services.The Recession in US will adversely impact the outsourcing industry which now employs nearly 2 million educated persons and which has provided a Philip to urbanisation of India.The outsourcing revenues will take a hit and hence the balance of payments of goods and services.

There will be steep decline in the inward remittances from the Non resident Indians. This has been a critical source of funding the deficit by the government.

Answer 2

Main reason is war

With one day war country goes one year back

Dollars is fight war more than ten years

Do we know actual value of dollar

How it hit india and rest of world because we are trying to maintain the dollar.

If we go back in history we will see after 2nd world war many currency was burned and when I

Answer 3

Buddy, its almost impossible to find out correct figures.But usually lasts for1 to 3 years on average country, though you can find some signs before the recession ends just in time of moth or two. The indication would be change in Indian rupee and USD.

Answer 4

Catastrophic, due to its huge population. However, the dimension of a given condition of unemployment is the main aspect. Small and transitory unmployment is simple to solve. The dark side is when a massive unemployment takes place.

Answer 5

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Answer 6

http://conversationstarter.hbsp.com/2008/01/impact_of_a_possible_us_recess.html

Answer 7

recession : definition
recession : origin of recession
recession : impact of recession on Indian economy
recession : suggestion
recession : opportunity

Answer 8

Some effects are:

1. Reduced GDP

2. Stock Market crash

3. Unemployment

4. Reduced imports

5. Reduced tourism

6. High inflation

etc...

Answer 9

economic recession