Author Topic: Scope of Retail Sector in Context of Global Recession  (Read 763 times)

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Scope of Retail Sector in Context of Global Recession
« on: September 22, 2015, 05:09:06 AM »
Scope of Retail Sector in Context of Global Recession


Abstract


The scope of this project is limited to provide an understanding of the impact of the recent recession period on the retail sector in India. Hence, the retail sector itself is covered enough to provide a basic understanding of its current state.

A recession generally refers to a period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in no job, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression.

The present meltdown is rock the global markets today, draw every single country. Rising inflation rates are covering the economies of countries like a wet blanket. India obviously is not an exemption to the financial crisis. The slowdown and the resulting disturbance in the economic status are affecting the retail industry adversely.


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Scope of Retail Sector in Context of Global Recession
« on: September 22, 2015, 05:09:06 AM »