developed countries indicate that there is a direct relationship between high level of income and industrial development. Industries account for 37% of the gross domestic product in Japan‚ 32% in UK and 22% in the U.S. whereas it stands at 27% for India. Further a strong industrial base is required for generating gainful employment opportunities for the unemployed and under-employed labourers in the agricultural sectors. Industrialization also helps in overcoming trade gap. The less developed countries
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economies to become better suited in this global market. Some countries have shifted their economies to become more capitalistic. The effects of globalization have been prominent all over the world but you can especially see the effects in modern day India. Many of the people are highly educated and they speak fluent English. Multinationals have clearly taken note of this very profitable opportunity. In addition‚ the Indian political and economic structure is conducive to these corporations (www.cia
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REINSURANCE IN INDIA Until GIC was notified as a National Reinsurer‚ it was operating as a holding / parent company of the 4 public sector companies‚ controlling their reinsurance programmes. GIC would receive 20% obligatory cession of each policy written in India. Since deregulation‚ GIC has assumed the role of the market’s only professional re-insurer. In order to focus on reinsurance‚ both in India and through its overseas offices and trading partners‚ GIC has divested itself of any direct business
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------------------------------------------------- Electricity sector in India From Wikipedia‚ the free encyclopedia Ramagundam Thermal Power Station‚ Andhra Pradesh Sabarmati Thermal Power Station‚ Gujarat The electricity sector in India had an installed capacity of 223.625 GW as of April 2013‚[1] the world’s fifth largest. Captive power plants generate an additional 34.444 GW. Non Renewable Power Plants constitute 87.55% of the installed capacity and 12.45% of Renewable Capacity.[2] India generated 855 BU (855 000 MU i.e. 855
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scenario‚ it becomes all the more imperative to prevent violations itself from becoming norms‚ to protect public interest from huge corporate scandals. In an attempt to safeguard the corporations and the economy on the whole‚ a robust whistleblower policy as part of the corporate governance strategy is a very valuable tool. It empowers employees to act on incidences of misconduct and help maintain a safe workplace‚ while protecting profits and reputation.
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Chapter 3 __________________________________________________________ Balance of Payments from a Comparative Perspective: China‚ India‚ and Russia under Globalization Akira Uegaki Introduction The three regional powers of China‚ India‚ and Russia have been actively participating in international trade and international financing recently‚ although they have large populations‚ huge territories‚ and abundant natural resources‚1 which would enable them to be independent and autarkic. The globalization
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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
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India Vision 2020 sivakumarsachin 22-Apr-09 Identifying potentials and anticipating the challenges to our future progress in different sectors of the national economy does not constitute a vision of the country’s future. These disparate threads need to be woven together to reflect the integrated nature of our national life. Then‚ there still remains the question of whether to be preoccupied by the negative possibilities or to throw our full weight behind efforts to fully realise the positive
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The Political Economy of Industrial Policy in Pakistan 1947-1971 Mushtaq H. Khan‚ Department of Economics‚ SOAS‚ University of London. The period from 1947 when Pakistan was created to the watershed of 1971 when East Pakistan split off to become Bangladesh is an important one for studying the determinants of industrial performance in the Indian subcontinent. On the one hand‚ despite substantial differences in the industrial policies of Pakistan and India‚ their rates of industrial growth were
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Terrorism In India The attacks on Indian Parliament and on Mumbai has left the people of India in a state of shock and fear for their life. The situation on Kashmir is still haunting the government and to add to the problems of Indian government is the recent attack on hotels in Mumbai killing many people including people from different nations. I think its time that India should follow a zero tolerance policy towards terrorism and the terrorists. The attack on Mumbai is “an attack on the spirit
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