Good Evening,
Though Recession brought dark clouds over the most developed economies, but India experienced Ripple Effects of the same.
We won't be going in to much detail as it may become technical.
Firstly taking IT Sector as base in India
1.Growth will occur at less than last three years CGPA(31%), but Software exports may touch US60$ billion in 2009-10 fiscal year according to McKinsey report.
2.ITES have been affected,India's outsourcing industry has been cut size coupled with lower revenue, job loss and lower salary hikes.
3.There had been some kind of problem in Automobile industry also, TATA motors have to face, it aquired JLR and with the launch of NANO there had been some financial problems.
4.There had been a lot of job losses in IT, as India serves as the hub of IT companies of abroad.
Taking Global economy as base,
1.Recently there had been a news of GM, filing for bank corrupcy(Plz do research, i'm not sure)
2.As people were left with less or no money, the retail sector arm was paralyzed and industries had to suffer allot.
If, you still require some more information, then one should analyze the macroeconomic factors effecting a business.
Hope it does your need full.
More queries are welcomed.
Respects & Regards
Hansjeet