Impact Of The Global Financial Crisis On Indian Economy

Essay specific features

 

Issue:

Business

 

Written by:

Jerry M

 

Date added:

June 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1924

 

Was viewed:

2465 times

 

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Essay content:

The Household sector was given a boost with increased monetary supply by commercial financial companies, and people were given loans regardless of the credit rating they received. It was never expected that the boom in the Real Estate business would come to such an abrupt end, and the prices would reach all time low...
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The US economy being a capitalist driven economy didn’t bother to indulge itself in the policies pursued by the then prominent financial giants. Gradually these financial giants in this business started feeling the heat as “sub-prime” clients started defaulting in their repayment of loans. The properties which were mortgaged by the clients weren’t even covering the principal amount of the loan, leave alone the interest commitments...
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