TRENDS OF INFLATION IN INDIA IN RELATION TO WORLD ECONOMY INDIA INFLATION RATE The inflation rate in India was recorded at 4.70 percent in May of 2013. Inflation Rate in India is reported by the Ministry of Commerce and Industry. Historically‚ from 1969 until 2013‚ India Inflation Rate averaged 7.73 Percent reaching an all-time high of 34.68 Percent in September of 1974 and a record low of -11.31 Percent in May of 1976. In India‚ the wholesale price index (WPI) is the main measure of inflation
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Independence of India ¤ Sailing of San Gabriel To India When the San Gabriel sailed around the Cape of Good Hope to finally dock at Calicut‚ a prosperous port and an independent principality on the Malabar Coast in May‚ 1498‚ half a century of the Portuguese tentative to find a sea route to India was finally crowned with success. The man behind the quest was Vasco da Gama (1460-1524) – a devout Roman Catholic whose nightlong vigil in a Lisbon chapel before commending himself to the unsure
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Corruption in India Introduction "Power tends to corrupt‚ and absolute power corrupts absolutely." It is not easy to define corruption. But in a narrow sense‚ corruption is mostly concerned with "bribery" and it takes several forms. Corruption is a global phenomenon and it is omnipresent. Corruption has progressively increased and is now rampant in our society.National scenario. Corruption in India is a consequence of the nexus between Bureaucracy‚ politics and criminals. India is now no longer
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Poverty is the deprivation of food‚ shelter‚ money and clothing that occurs when people cannot satisfy their basic needs. Poverty can be understood simply as a lack of money‚ or more broadly in terms of barriers to everyday life. It refers to a situation where a person is unable meet the basic necessities of life. Absolute poverty or destitution refers to the state of severe deprivation of basic human needs‚ which commonly includes food‚ water‚ sanitation‚ clothing‚ shelter‚ health care‚ education
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close‚ to the Indus River. The dates aren’t very clear but the civilization existed around 3300–1500 BCE. The Indus Valley people were most likely Dravidians‚ who may have been pushed down into south India when the Aryans‚ with their more advanced military technology‚ commenced their migrations to India around 2‚000 BCE. Excavations conducted in the ancient cities of Mohenjodaro and Harappa point to a highly complex civilization‚ they had road‚ sewage systems and gathering centers. These cities were
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Holi Each year when holi is celebrated you know that spring has emerged and it is time to break free from your winter cocoons and bask in the sunny weather. The atmosphere is ecstatic with people spreading there infectious good cheer to others and the ambiance seeming to have an effect on the greenery with bountiful‚ colorful blooms seen all around. It is a commonly established fact that there is no other Hindu festival that is as fun-filled‚ lively and energetic as Holi. With an overdose of music
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Good morning young India!!! One fine Sunday morning my cell beeped for a message from one of my friends. I couldn’t forget and discard it just like all the other absurd forward messages I get. It went like this‚ GOOD MORNING YOUNG INDIA!! ASK YOURSELF TODAY AM I A TRUE NATION BUILDER????? The message made me think and this article is the product of my thoughts over that single message. WHO AM I ? I am a 22 year old Indian eagerly passionate to see my nation without poverty‚ hunger
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Danone in India History of Danone India Danone India is today a huge part in the work of internationalization of the French group Danone. This subsidiary was established in two steps. Danone first established in 1989 a merger with an Indian group called Britannia‚ they were just participative. Then in 1993‚ they took the control of Britannia so it became a Danone subsidiary. At this time‚ it was said that this buying had required an investment of RS 150 cores. Danone becomes after
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Indian advertising industry The Indian advertising industry is talking business today. It has evolved from being a small-scale business to a full-fledged industry. It has emerged as one of the major industries and tertiary sectors and has broadened its horizons be it the creative aspect‚ the capital employed or the number of personnel involved. Indian advertising industry in very little time has carved a niche for itself and placed itself on the global map. Indian advertising industry with an estimated
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Macro-Economics – Case Study Inflation In India Is inflation in India structural or monetary? The recent inflation rise was largely cyclical and that the structural inflation trend should remain stable in the range of 5-5.5%. India ’s inflation has been lower compared with other emerging markets. Inflation WPI and CPI-Industrial Workers (CPI-IW) have averaged 5.3% and 6.8%‚ respectively‚ over the last 15 years compared with 11.2% average (CPI) for emerging markets. Double-digit inflation is
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