The Global Financial Crisis (2008): The collapse of Lehman Brothers, one of the largest US investment bankers, and the US subprime crisis triggered a recession at the global level. As the popular saying goes, ‘when the US sneezes, the world catches a cold’, so did an economic recession occur. The impact of the recession was reflected in the Indian domestic equity market as the benchmark crashed over 60 per cent following the Global Financial Crisis. It came down around 8,000 points from 21,000, leading to a major wipeout of investment. (Image: Reuters)
