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Arthshastra Indian Journal of Economics & Research

ISSN: 2278-1811 Frequency: Quarterly Peer Review: Double-blind Published since: 2012 Language: English
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Recession to Resilience : The Indian Experience in Regional Perspective

Open Access Original Article

Recession to Resilience : The Indian Experience in Regional Perspective

T. G. Saji1

1 Assistant Professor, PG & Research Department of Commerce and Management Studies, Government College, Thrissur - 683 572, Kerala

Volume 5
Issue 5
Pages 11–25
Year 2016
Received: June 9, 2016 Accepted: Oct. 17, 2016 Published: Oct. 1, 2016
Abstract

The present research, using the state level net domestic product (NDP) data, reviewed the growth experiences of India in terms of the relative performance of her state economies and their relative positions within the country's landscape during the pre-recessionary and post-recessionary period. The analysis revealed that the global recession of 2008 affected almost all state economies in India, though its impact was uneven. Services sector weathered the crisis much better than manufacturing and agriculture sectors because of which the economy firmly entered the recovery path. However, the role and importance of manufacturing in rebounding to recover the economy from the disruptive change of recession is most evident from the findings. The study concluded that emerging economies like India should not bypass manufacturing with services for ensuring further bounce back in the near future and long run sustainability thereafter.

Keywords NDP Recession Services Manufacturing
How to Cite

T. G. Saji (2016). Recession to Resilience : The Indian Experience in Regional Perspective. Arthshastra Indian Journal of Economics & Research, 5(5), 11–25. https://doi.org/10.17010/aijer/2016/v5i5/105146

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