Understanding Indian Economy The economy of India is currently the world’s fourth largest in terms of real GDP (purchasing power parity) after the USA‚ China and Japan and the second fastest growing major economy in the world after China. India’s annual growth rate is above 8% while that of China is about 10%. India is a developing country and our economy is a mixed economy. In a mixed economy the public sector co-exists with the private sector. Dadabhai Naoroji is known as the Father
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Major Players in Automobile Industry Automobile industry is booming in this century. India is one of the key players in the international automobile market. One of the fastest growing sectors in India is the automobile industry. High demand for cars‚ two wheelers and other vehicles has driven the growth of the automobile sector. The list below gives the name of the best automobile companies in India. Bajaj Auto Ltd : It is market leader among the automobile companies in India. The Bajaj Group’s
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Hydrogen Fuel As An Alternative Energy Source To Replace Fossil Fuels Since the beginning of industry humans have been in search of fuel to power machines and generate energy. Fossil fuels‚ such as crude oil and coal‚ discovered beneath the Earth’s surface were found to be an excellent source of fuel. These fossil fuels are burnt in order to generate the energy required to complete various tasks. Many nations count on coal‚ oil and natural gas to supply most of their energy needs‚ but reliance
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INDUSTRY ANALYSIS Today the automobile sector in India contributes 5% to the nation’s GDP‚ making it a prominent player in the economy. It will contribute around 19% of the Tax collection for financial year 2009-10. Following have been the features of Auto industry in the past financial year. The following tables and charts consist of the performance of Auto industry in past few years. Industry Aggregate (Rs in million) | | AMJ 10 (E) | Net Sales | 363904.38 | Change (%) | 39% | EBITDA |
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Ever since the first gas powered vehicle was prototyped in 1886 by Karl Benz‚ the automobile has been revolutionizing and transforming into bigger and better things. Automobiles have transformed from the clunky build and gas guzzling engine to sports cars and very efficient engines that can get up to 40 miles per gallon. A new type of technology has developed over the recent years and can possibly change the automobile industry for good: electric-driven vehicles. The start of the electric-driven vehicle
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Planned Economy: "The social good" In a planned economy‚ the factors of production are owned and managed by the government. Thus the Government decides what to produce‚ how much to produce and for whom to produce. Features: • All resources are owned and managed by the government • No consumer OR producer choice • The market forces can’t set the price for goods or services • Profit is not the main objective‚ the government aims to provide services and goods to everybody • Government decides
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Africa‚ and Asia combined (Source: Energy Information Agency) ! Modern world get well more than 80% of its energy from fossil fuels‚ major part of it is oil. We use oil everywhere‚ from lipstick and painkillers to gasoline and tires. Almost everything that we use on daily basis is made out of oil. According to the EIA‚ over 60% of world transportation is ran on oil based fuels. How much longer can we consume the resource until we run out of it? If someday we run out of oil‚ I think that the world
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A fuel cell is a device that transfers the chemical energy from a fuel into electricity through a chemical reaction of positively charged hydrogen ions with oxygen or another oxidizing agent [1]. Fuel cells can produce electricity continuously until these inputs are supplied. The first fuel cells were invented in 1838. Since then‚ fuel cells have been used in many other applications. Fuel cells are used for primary and backup power for industrial‚ commercial and residential buildings and in inaccessible
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I always believed that curiosity has been the cornerstone of man’s evolution. I had this curiosity and thirst for knowledge in me. Right from my childhood‚ I was interested in Automobiles. My years in school‚ apart from providing a strong foundation in Math and Basic Sciences‚ also enabled me to develop my overall personality. I have participated in various annual training camps of NCC (National cadet corps) arranged by our school. I was also appointed as monitor of the class. Being an avid student
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NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY The National Economic and Development Authority (Filipino: Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad)‚ abbreviated asNEDA‚ is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the President of the Philippines as chairman of the NEDA board‚ with the Secretary of Socio-Economic Planning‚ concurrently NEDA Director-General‚ as vice-chairman. A number of Cabinet members
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