If US economy faces something like great economic depression of 2008 , will India be affected this time ?
I remember the period when IT was not so much bigger part of Indian economy and hence we were not affected due to crisis in US . Also middle class had savings which was major part of discussion those days . Now everything and anything has been deeply dependent on US economy, also folks having high EMIs . Do tell whats going to be like in great economic depression of lets say 2-5 years . For reference, go through US economy reddit blogs and you will understand the ground reality of those folks
Yes.
Europe never recovered from 2007 (policy is a large part of it tbh)
Australia being developed was never affected.
IMO it'll hit hard. Hopefully it doesn't happen.
Reddit will always be negative.
Countries soldier on.
India has enough internal consumption and companies to keep the economy going.
Before 2008 was 2001, 1997, 1992, 1988, 1982, etc.
