An Observation on Global Crisis 2008-09&Indian GDP Movements after Demonetization

The experiences of global crisis 2008 are still seen as the model to solve the uncertainties. The conditions that had influenced the economic growth of today�s economic super powers during that period are discussed in this paper. The objective is to review the situation& counter measures taken to overcome the damages in that calamity. India being a fast developing nation is one among top 10 economic powers of the world. It is aiming to achieve 5 trillion dollars economy by 2024-25. Through this review, understanding the then conditions through GDP growth measures is made easy for any individual with no deep knowledge in economics. The present day India after reforms like Demonetization and GST is explained from the point of view of global crisis.