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Impact of the Financial Crisis on the Poor in India Some Initial Perspectives

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Impact of the Financial Crisis on the Poor in India Some Initial Perspectives
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  Global Financial Crisis: Impact on India’s Poor   Some Initial Perspectives Rajiv Kumar Bibek Debroy  Jayati GhoshVijay Mahajan K. Seeta Prabhu  2 Global Financial Crisis: Impact on India’s Poor  Disclaimer:  The views in the publication are those of the authors’ and do not necessarily reflect those of the United Nations Development Programme. Copyright©2009 by the United Nations Development Programme (UNDP) India The articles can be reproduced in whole or part with relevant acknowledgement to UNDP and the authors in the following manner: Name of Author, Year of Publication, Published by UNDP India.  Contents Global Financial Crisis: Impact on India’s Poor 5 Some Initial Perspectives Global Financial and Economic Crisis: Impact 7on India and Policy Response Rajiv Kumar   Growth Downturn and Its Effects 14 Bibek Debroy  Global Crisis and the Indian Economy 25  Jayati Ghosh Impact of the Economic Downturn on Non-farm Sector Workers 36 Vijay Mahajan Impact of Financial Crisis on India’s March  Towards MDGs 45 K. Seeta Prabhu About the authors 56
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