India's financial sector is not deeply integrated with the global financial system, which spared it the first round … morphed in to a full-blown global economic downturn, India could not escape the second round effects. The global crisis has … affected India through three distinct channels: financial markets, trade flows, and exchange rates. The reversal in capital …

This study investigates the impact of global crisis shocks on India's trade and industry. We use both panel data … changes in manufacturing composition in India, controlling for other variables. However, there is no strong indication that … industry has depended on the exports to the EU, Japan, and the US. Therefore, the effect of global crisis shocks of India …