Most countries around the world, both developed or developing, are currently experiencing recession. US-based National Bureau of Economic Research defines recession as "a significant decline in economic activity spread across the economy, lasting more than a few months." The term is explained in macroeconomics as a decline in a country's Gross Domestic Product (GDP) or negative growth in real economy for two or more successive quarters of a year.

Normally, economies dip into recession when consumers lose confidence in the growth of the economy and start spending less. A situation of this kind certainly decreases the demand for goods and services and lessens the production volume. This, in turn, increases layoffs and as a result, there will be a sharp rise in the unemployment rate. If money supply, which is a major driving force, is mismanaged, it pushes the economy into recession. According to analysts, one of the factors that drove the US economy into recession was mishandling of money supply.

Professional Banker Magazine, National Bureau of Economic Research, Gross Domestic Product, GDP, No Income, No Job or Assets, NINJA, Mortgage-Based Securities, MBS, Collateral Debt Obligations, CDOs, Foreign Institutional Investors, FIIs, Government of India, GoI, Technology Upgradation Fund, TUF, Videsh Krishi and Gram Udyog Yojna.