Concept
Economy of India
Related concepts (13)
Bangalore
Bangalore (ˈbæŋɡəlɔːr,_ˌbæŋɡəˈlɔːr ), officially Bengaluru (ˈbeŋgɐɭuːɾu), is the capital and largest city of the southern Indian state of Karnataka. It has a population of more than 8 million and a metropolitan population of around 11 million, making it India's third most populous city and fifth most populous urban agglomeration, as well as South India's second-largest urban agglomeration, and the 27th largest city in the world.
British Raj
The British Raj (rɑːdʒ ; from Hindi , 'kingdom', 'realm', 'state', or 'empire') was the rule of the British Crown on the Indian subcontinent; it is also called Crown rule in India, or Direct rule in India, and lasted from 1858 to 1947. The Indian Rebellion of 1857 led to the British Crown assuming direct control of India from the East India Company in the form of the new British Raj through the Government of India Act 1858.
2007–2008 financial crisis
The 2007–2008 financial crisis, or Global Financial Crisis (GFC), was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). Predatory lending targeting low-income homebuyers, excessive risk-taking by global financial institutions, and the bursting of the United States housing bubble culminated in a "perfect storm". Mortgage-backed securities (MBS) tied to American real estate, as well as a vast web of derivatives linked to those MBS, collapsed in value.