Why did India experience relatively slow economic growth from independence until 1991? India became an independent country in 1947 and from that moment until the first years of the 1990’s‚ the government adopted the Import Substitution Industrialization model (ISI) in order to protect the economy against foreign competition. The model was based on regulations in the private and public sector‚ trade and foreign direct investment that made the economy very closed compared to other economies in the
Premium Macroeconomics Economics Investment
CHAPTER 1:INTENT AND OBJECTIVE 1.1 INTENT AND OBJECTIVE 1.1.1 It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital‚ technology and skills‚ for accelerated economic growth. Foreign Direct Investment‚ as distinguished from portfolio investment‚ has the connotation of establishing a ‗lasting interest‘ in an enterprise that is resident in an economy other than that of the investor. 1.1.2 The Government
Premium Investment Corporate finance India
Globalization has been an indispensable part of the recent economic progress made by India. Globalization has played an integral role in the growth of outsourcing IT and business process outsourcing (BPO) services. Over the past decade‚ both foreign and local companies‚ have employed India’s highly skilled professionals to service clients in the US and Europe. By capitalizing on India’s lower cost but educated and English-speaking workforce‚ and utilizing global communications technologies‚ international
Premium Outsourcing Business process outsourcing Information technology
Background and Causes | | Financial markets impact | | Global effects | | Effects of Recession on India | | Effects on Banks | | What corrective measures were taken? | | Future Outlook | | What Industry Experts Think? | | Conclusion | | Bibliography | | ` INTRODUCTION The recent financial crisis has put a major impact on all commercial sectors of India. We have covered the reason and causes of the financial crisis which emerged from U.S and impacted the entire
Premium Subprime mortgage crisis Bank
oblongata as well as airway obstruction may cause respiratory acidosis. 3. Explain how the renal system would compensate for respiratory acidosis. The kidneys regulate the amount of H+ ions and HCO 3- excreted in the urine which regulate acid base balance. A C T I V I T Y 3 Renal Responses to Respiratory Acidosis and Respiratory Alkalosis 1. Describe what happened to the concentration of ions in the urine when the PCO2 was lowered. How well did the results compare with your prediction? 2
Premium Carbon dioxide PH Bicarbonate
School for Mechanical Engineering & Applied Mathematics IMNDNG NDip: Engineering: Mechanical LABORATORY GUIDE STRENGTH OF MATERIALS II (MSM21AI / MSM22AI) COMPILED BY: MNR / MR NP DU TOIT REVISED BY: Mr. O Y Odufuwa DATE REVISED: JANUARY 2013 2 CONTENTS 1. INFORMATION ABOUT THE PRACTICALS ASSIGNMENTS. ...........3 SAFETY AND SAFETY PRECAUTIONS………………………………..3 INTRODUCTION………………………………………………………….3 GENERAL SAFETY…………………….……….………..........................3 LABORATORY
Premium Force
b) If the trial balance can be ‘in balance’ and still have errors‚ give examples of the type of errors that can occur leaving the trial balance in balance. For example‚ if $523 is the correct amount to be entered for both credit and debit side but entered $532‚ trial balance will show the same amounts for both debit and credit side but contains error. In addition‚ reverse entries can cause trial balance to be in balance but still contains error. For example‚ instead of recording debit
Premium Balance sheet Generally Accepted Accounting Principles Asset
INTRODUCTION: Trial balance is a statement which shows debit balances and credit balances of all accounts in the ledger. Since‚ every debit should have a corresponding credit as per the rules of double entry system‚ the total of the debit balances and credit balances should tally (agree). In case‚ there is a difference‚ one has to check the correctness of the balances brought forward from the respective accounts. Trial balance can be prepared in any date provided accounts are balanced. DEFINITION
Premium Accounts receivable Double-entry bookkeeping system Accounting software
BUDGET BALANCE • Budget balance (savings by government) is defined by: where : tax revenues : government purchases of goods and services : value of government transfers • Recall that a positive budget balance is a budget surplus‚ and a negative budget balance is a budget deficit. • Effects of fiscal policies: o Expansionary fiscal policies (increased government purchases‚ higher government transfers‚ lower taxes) decrease the budget balance. o Contractionary
Premium
CORRUPTION IN INDIA INTRODUCTION Political Corruption In India Is A Major Concern For The Country. It also plays as a barrier in development of the country and its people‚ 75% of the people experience 1st hand corruption. India was ranked 87th of 178 countries in Transparency International’s Corruption Perceptions Index which is huge setback for India. India also tops the list in black money in the whole world Corruption undermines economic development by generating considerable distortions
Premium Political corruption