Recession 2022: Impacts, Challenges, and Preventions to protect a country - with reference to India.

Registration ID: IJNRD_186988

Published ID: IJNRD2302026

DOI: Click Here to Get

Sai Deepesh J , Vishnu Vardhan D , Dr. Vinoth S

Recession Now 2022 Vs. Previous 2008.Recession Signals – Global Perspective, Lay offs, GDP, Interest rate, Commodity value ,Currency Value , Recession Challenges in India , Steps to prevent or protect India from Recession

The spike in world inflation began in mid-2021, with several countries recording their highest inflation rates in decades.In 2020 and 2021, governments and central banks can offer commercial enterprise and financial input in response to the pandemic.The impact of the Russian invasion of Ukraine on world oil, gas, fertilizer, and food costs rising gasoline costs were a serious driver of inflation as oil producers announced record profits.These two factors may cause the global economy to enter a recession next year. According to a United Nations Conference on Trade and Development (UNCTAD) report, Russia, Indonesia, India, the United Kingdom, and Germany are among the countries likely to be the biggest contributors to this global production loss. Rising interest rates, depreciating currencies, rising sovereign debt, and pushing up food and fuel prices all add uncertainty to global markets. Global growth has slowed sharply and should continue to slow as many countries enter recession, says the International Bank for Reconstruction and Development's cluster chairman. Her MD at the MF, Kristalina Georgieva, said earlier this week that global economic growth could fall by $4 trillion by 2026. The year 2022 has seen a dramatic rise in food and fuel prices. The Indian crude basket price was USD 79.18 per barrel in 2021–22 and USD 44.82 per barrel in the previous financial year. Interest rates are rising globally, inflation continues, and many currencies are depreciating against the dollar. On Tuesday, the head of the World Trade Organization said he believed "we are entering a global recession." But despite its weak economic outlook, the United States is expected to grow faster than the wealthier nation, and high interest rates are making U.S. investments more attractive to global investors. In the midst of reports of mass layoffs by several companies around the world, including those in the IT sector, Labor and Employment Minister Bhupender Yadav stated on Thursday that any layoffs are illegal and do not fall under the provisions of the Labor Dispute Act. The minister responded to Rajya Sabha on the question of whether the government was aware of the mass layoffs of employees in many multinational and Indian companies in the IT, social media, Edu Tech, and other sectors, which are relevant, or not. Matters relating to layoffs and dismissals in industrial establishments are governed by provisions of the Industrial Disputes Act 1947 (ID Act), which also cover various aspects of layoffs and prerequisites for firing workers, Yadav said. First, 63,000 jobs were lost in February 2008, and the Bureau of Economic Analysis reported an additional 156,000 job losses in September on October 1.

Published Paper   E-Certificate

Sai Deepesh J, Vishnu Vardhan D, & Dr. Vinoth S (February-2023). Recession 2022: Impacts, Challenges, and Preventions to protect a country - with reference to India.. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(2), a218-a225. https://ijnrd.org/papers/IJNRD2302026.pdf

Volume 8 Issue 2, February-2023

Pages : a218-a225

Paper Reg. ID: IJNRD_186988

Published Paper Id: IJNRD2302026

Downloads: 000121992

Research Area: Management

Country: Coimbatore , Tamilnadu , India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2302026.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2302026

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave | IJNRD.ORG | IJNRD.COM | IJPUB.ORG

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 10 | October 2025

IJNRD is a Scholarly Open Access, Peer-reviewed, and Refereed Journal with a High Impact Factor of 8.76 (calculated by Google Scholar & Semantic Scholar | AI-Powered Research Tool). It is a Multidisciplinary, Monthly, Low-Cost Journal that follows UGC CARE 2025 Peer-Reviewed Journal Policy norms, Scopus journal standards, and Transparent Peer Review practices to ensure quality and credibility. IJNRD provides indexing in all major databases & metadata repositories, a citation generator, and Digital Object Identifier (DOI) for every published article with full open-access visibility.

The INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to advance applied, theoretical, and experimental research across diverse fields. Its goal is to promote global scientific information exchange among researchers, developers, engineers, academicians, and practitioners. IJNRD serves as a platform where educators and professionals can share research evidence, models of best practice, and innovative ideas, contributing to academic growth and industry relevance.

Indexing Coverage includes Google Scholar, SSRN, ResearcherID-Publons, Semantic Scholar (AI-Powered Research Tool), Microsoft Academic, Academia.edu, arXiv.org, ResearchGate, CiteSeerX, ResearcherID (Thomson Reuters), Mendeley, DocStoc, ISSUU, Scribd, and many more recognized academic repositories.

How to submit the paper?

By Our website

Click Here to Submit Paper Online

By Mail

Send your paper to editor@ijnrd.org

Important Dates for Current issue

Paper Submission Open For: October 2025

Current Issue: Volume 10 | Issue 10 | October 2025

Impact Factor: 8.76

Last Date for Paper Submission: Till 31-Oct-2025

Notification of Review Result: Within 1-2 Days after Submitting paper.

Publication of Paper: Within 01-02 Days after Submititng documents.

Frequency: Monthly (12 issue Annually).

Journal Type: IJNRD is an International Peer-reviewed, Refereed, and Open Access Journal with Transparent Peer Review as per the new UGC CARE 2025 guidelines, offering low-cost multidisciplinary publication with Crossref DOI and global indexing.

Subject Category: Research Area

Call for Paper: More Details