3. Global Economy: Didn't the recession start in 2007? Wasn't it supposed to last 3-4 years? Long back some commentators had said that the world would start coming out of recession by now. Well that didn't happen.
2011 was the year that the economy seemed to get worse. Europe seemed to be perpetually in crisis and things got bad in India too. While inflation and petrol hikes have been around for ages, this year even the industrial growth slowed down too.
Image: Investors' stock market wealth plunged by a little over Rs 200,000 crore