Global crisis affected through out the world it also Impact of the Indian Economy, Most of people world in IT industry became unemployment,
It also affected Real Estate, Indian stock market, hike in the petrol price , when petrol price rise essential goods price also hike,
REASON OF GLOBAL CRISES
World economy depend on American Economy, when excessive lending, that is given loan to non credit worthy people.
Another problem crisis were weakening the traditional of banks growth of huge parallel financial system consisting of investment of bank, loan,mortgage bank etc. Promotion of speculative investment and investment in share , derivation and commodity market negative saving, huge public debt of US government, huge expenditure of Afghanistan and Iraq war, massive rice on price of crud oil, depreciation of American dollar etc. These are reason of global crises.