Economic Slowdown And Indian Firms: An Overview

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Executive Summary

The US financial crisis triggered by subprime mortgage defaults resulted in significant deterioration of credit and equity market conditions in most parts of the world. The crisis quickly turned into an economic slowdown in many countries. The consumer and industrial demand for products and services declined dramatically. Faced with lower demand expectations, firms either postponed or abandoned capital investments. Due to the difficulty in tapping finance, either through debt or equity, many firms faced troubles in managing their liquidity and solvency.

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