Policy Brief 2, March 2010

The Global Financial Crisis and India.

The financial crisis, which assumed global pro- portions in 2008, is, at the time of writing, far from over. In fact, many facets of the crisis are still unfolding, while many of the policy responses are yet to bear fruit and the road to recovery is uncer- tain.

The landscape for the future, beyond the crisis, is sought to be designed by the collective wisdom of the heads of governments of several countries on the basis of lessons learned from the crisis. At this stage, therefore, there is merit in asking the right questions on the global crisis and its implications for India, and exploring the possible answers.

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