This book is about global financial crisis and its affect on Indian Economy. Although, financial crisis originated in the USA, it has affected the economies of both developed and developing countries in varying degrees. Those countries which have deeper economic relations with advanced countries, particularly USA, are affected more than those who maintain a closed economy status. However, under the present globalized economic structure of the world, no country can escape from the immense global downturn. Continent-wise, Europe is more affected than the countries of Asia. China, Japan and East Asian countries are relatively more affected than other Asian Countries. They have open economies and since late last century have been building open economy trade relations with United States and other advanced countries.