Date Added: Sep 2009
The financial crisis that originated in the US quickly spread to Europe and now is affecting most of the world, including India. This discussion is divided into two parts: the causes of the financial crisis and the consequences of the crisis for financial markets, for people, homes, and businesses, and finally, for India. There is not one but a number of different factors that came together to result in this crisis. However, the housing market played a central role.