Reserve Bank of India today condemned the policy of protectionism for facing the global recession. The Deputy governor general of RBI Subir Gokarn, today published an RBI report, named, The Indian Economy and Global Recession. He said that global recession has not largely affected the Indian Economy. However if India starts adopting protectionist policies like that of Europe and the World then it will start a new wave of global recession. Evolution of Indian Economy in Global Recession was also discussed in this meeting.