What is this recession actually?

Thats a very clean explanation...Thanks dude. If depleting natural resources is the main reason for inflation and thereby recession why only countries like india are mainly being affected by that.My doubt is depletion of resources is a world wide problem.National debt might be the main reason as u said.Our country is mainly depending on imports than exports.I think tindia should increase the productivity of its major exports to reduce this inflation so that it need not depend on other countries.Importing of foreign goods is also another effect.Our country goods are to be recommended.People are more interested in foreign goods than country goods.Increase in productivity can be a source of employment to many...The government has to act accordingly before our rupee value further depletes.

The energy resources which are mainly in the middle eastern countries have to be bought by countries like India. India is being not big of an exporter has not got much of Foreign reserves to bail the nation out of this inflation crisis. For our economy to improve, we must be buying things which native and that will help our businesses which in turn improve our buying capacity. On the other hand China is the leader in manufacturing goods and thus boasts of huge Wealth deposits and no problem with price rise.

Dont remind me about China...they are ultimate,they are leaders.U can see their products in Internationale/global markets in almost every field.They have not left any stone unturned.Every one has to appreciate them for their global development.They are soon going to conquer the construction field with they new techniques of construction.It is right that india has lack of resources and is mainly an importer.The government should take necessary steps to increase our economy and promote our products,to reduce inflation and thereby recession.Hope for the best!!!!!!