Kriky's Blogopedia

The 2008 global economic crisis, commonly known as the Great Recession, was one of the most serious financial catastrophes of the 21st century. Several factors contributed to the catastrophe, including the US housing bubble, risky lending practices, and insufficient regulatory oversight. The world economy was severely impacted by the crisis, and India was not untouched by its effects. Cause of the Crisis The US housing bubble was the primary contributor to the crisis. Lenders started giving high-risk mortgages to customers who wouldn't have been eligible for standard loans as home values rose. Many of these borrowers ultimately fell behind on their payments, which caused the housing market to crash. As a result, the value of mortgage-backed securities and other financial instruments connected to the housing market fell precipitously. Why in 2008? The crisis was the culmination of various causes that had been accumulating for several years. Significant economic and financial

China backstabbing India at the UN! China responsible for Covid-19..! China nibbling North-East frontier! BOYCOTT CHINA! S ocial media is literally painted red with avid pro-India chanting. But remember one thing- Promises made in adversity are forgotten in prosperity . Even otherwise, boycotting China is easier said than done. India is the 17th largest export economy in the world but stands 45th rung apropos complexity according to the Economic Complexity Index (ECI). Indian import from China amounts to $ 70.39 billion while our export is only $16.5 billion . A cursory glance would explain the reason for this huge trade deficit and also expose the MISNOMER OF BOYCOTTING CHINESE GOODS AND SERVICES BY INDIANS . India exports cotton yarn, iron ores, copper alloys, granite, basalt, sandstone, nuts, tanned leather, etc. whereas our imports from China include telephone sets, cellular networks, transmission/reception of voice/images/data in a wired/wireless network account nearly