India’s Economic Reforms Montek S Ahluwalia* The past three years have seen major changes in India’s economic policies marking a new phase in India’s development strategy. The broad thrust of the new policies is not very different from the changes being implemented in other developing countries and also all over the erstwhile socialist world. They aim at reducing the extent of Government controls over various aspects of the domestic economy‚ increasing the role of the private sector‚ redirecting
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Overview The tractor industry reported a strong 28.3% growth in sales volumes during 2009-10‚ thereby ending the phase of cyclical correction that had pulled down tractor sales during the preceding two years (200709). Significantly‚ the revival of 2009-10 happened despite the droughtlike conditions in many States during the kharif1 season dampening sentiments. The key factor enabling the demand growth of 2009-10 was strong rural liquidity‚ which in turn was sustained by several factors‚ including:
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AGRICULTURAL AND INDUSTRIAL DEVELOPMENT OF PAKISTAN When Pakistan was formed in 1947 most of the work had to be started from scratch. Most of the land was agricultural land and it had a very few industries. Most of the land was occupied by landlords. There were few semi-handcraft industries. While heavy industry was almost extinct. When sub-continent divided‚ the country industry and trade were largely under the influence of Hindus‚ who at the time of division migrated towards Indian territory
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Performance under Zia Era 4 Investment and savings 4 Agriculture sector Policies 5 Industrial Sector 5 Price trends 6 Soviet Union Invasion Helps Pakistan 6 Riba Elimination 7 REREGULATION AND LIBERALIZATION 7 Devaluation to support Export 8 Foreign Remittances 8 Balance of Payment 9 CRITICISIMS 12 Appendix 13 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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suppressed by the Khmer Rouge during the late 1970s but has since experienced a revival. In 2011 Cambodia’s per capita income in PPP is $2‚470 and $1‚040 in nominal per capita. Cambodia’s per capita income is rapidly increasing but is low compared to other countries in the region. Most rural households depend on agriculture and its related sub-sectors. Rice‚ fish‚ timber‚ garments and rubber are Cambodia’s major exports. The International Rice Research Institute (IRRI) reintroduced more than 750 traditional
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COMPANY LML Ltd is an India-based Company that manufactures‚ sells and exports motorized two wheelers. The company operates in one segment‚ namely motorized two wheelers. They offer scooters‚ motorcycles‚ and mopeds‚ as well as spares and accessories. They are having their manufacturing facilities located at Kanpur in Uttar Pradesh. LML Ltd was incorporated in the year 1972 as Lohia Machineries Ltd to manufacture machinery for the synthetic fibres industry. In the year 1983‚ the company commenced
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each to reduce the English company’s stake to 60 per cent. In 1986‚ the R.P.Goenka group acquired a controlling interest in the company. At this point‚ Gramophone Company of India had become a Board of Financial Reconstruction (BIFR) case. The revival plan involved converting Rs 2 crore of debt into equity in 1992-93 and reducing the paid-up capital by 60 per cent. The face value of the company’s shares was reduced from Rs 10 to Rs 4 per share‚ thereby reducing the company’s equity capital from
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that attracted European traders. He drafted the peasants‚ reformed the government‚ and improved communications. The peasants lost out because the land was converted from self-sufficient farms to large‚ private landholdings to grow cash crops for export. Ismail continued the modernization of Egypt‚ including the completion of the Suez Canal‚ but also drew the country deeply into debt. To prevent Egypt from going bankrupt‚ Britain and France intervened politically. Foreign financial control provoked
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Economy of Switzerland Switzerland as the world knows it today is a country with strong and stable economy. With countries ups and downs‚ the noticeable economic revival begun in 2002‚ when political and economic actors have implemented a “game plan” which included certain measurements. With certain handling of situation in economy‚ Switzerland could feel a perceptible growth year after year. This essay discuses Switzerland’s achievements in development of country’s economy‚ as well as examines
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Measures taken by Malaysian Government during the Asian Financial Crisis in 1997. There are numerous measures taken by the Malaysian Government during the Asian Financial Crisis in 1997. Nevertheless‚ in this paper‚ we only summarize the important and significant measures taken by the Malaysian Government. A more detail information will be revealed in the appendix added. Measures Taken by the Malaysian Government during the Asian Financial Crisis 1997: I). Fixed Exchange Rate Mechanism (Pegged
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