Dotcom Bust (1999) & Supreme Crisis: An Analysis of the Twin Recession on US and Indian Economy
Mehul Shorewala
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Abstract
World has witnessed a tremendous amount of growth in recent years. But as it is said
history repeats itself, world is undergoing another crisis as previously in 1929 or Dot Com
Bust in 1999. Crisis in general means a unstable situation or occurrence of undesirable
event. But in economic terms crisis happens when the economy growth decreases, there is
bankruptcy or financial distress in many companies, widespread job cuts and companies
major share of assets lose their value.
Keywords: Stock Market; Dotcom Bust; Financial Crisis