Stimulus Packages are important to check impact of global recession

The global economy has been going through a tough time of global recession. Major economies in the world have been arranging the fiscal stimulus to check the impact of the global recession their economy.

The impact of the global recession on Indian economy is lower than other countries. The Reserve Bank of India Governor Dr Duvvuri Subbarao believes that the stimulus packages will have great role to play in checking the impact of the global recession, he was addressing function.

It is time to introspect the progress of the stimulus packages on the impact of the global recession on Indian economy. The economy has been reeling under the pressure of the global slowdown for last eight months. The factors like high demand and strong banking can protect the economy from further shrinking into the global recession.

The world's major economy will recover from the global recession including Indian economy. The current fiscal would be tough time for many countries as the impact of the global recession is high.