INFLATION Inflation is a term that refers to a persistent increase in general price levels of goods and services over a given period of time. The rise in inflation is mainly attributed to rise in food and fuel costs which results in a sharp rise in the prices of goods and services in the local market. MEASURING INFLATION Consumer Price Indices Inflation rate is calculated as the rate of change in consumer price indices from one period to another. Periods can be yearly or monthly. Pa-(Pa-1)Pa-1×100Where:
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Inflation : measurement ‚ causes and consequences Measuring Inflation The main measure of inflation is the consumer prices index (CPI) : a measure of changes in the price representative basket of consumer goods and services . Differs from retail prices index (RPI) in methodology and coverage. - It forms the basis for the inflation target that the government requires the Bank of England’s Monetary Policy Committee to achieve. - It is also the main measure used in the rest of the European
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Hand Made Products FabIndia is a well-known retail brand that sells various hand made products through its stores across India and overseas. They are probably the best-known urban middle class brand in India. It would not be wrong to say that they define the middle class look for Indians. Though they are best known for home linen and garments‚ they have expanded into organic food‚ personal care products‚ furniture and Jewellery. This 50-year-old company started as an export house‚ exporting Indian
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What is Inflation? Relation between Growth and Inflation What is growth? The increase in an economy’s capacity to produce goods and services‚ compared from one period of time to another is known as Economic Growth. It is measured in nominal terms‚ inflation‚ or in real terms‚ which are adjusted for inflation. Economic growth is generally associated with technological changes. The growth of an economy is thought of not only as an increase in productive capacity but also as an improvement in the quality
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A brief History The first oil deposits in India were found in Digboi‚ Assam in 1889. That is when India’s journey in the Petroleum Industry began. Post Independence‚ Oil India Limited was formed which was a joint venture involving the Indian Government and the British owned Burmah Oil Company (presently known as BP) whilst the Indo-Stanvac Petroleum Project in West Bengal was between the Indian Company and the American Company SOCONY-Vacuum (presently known as Exxon Mobil). This changed in 1956
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venture we would start is Indian Street food restaurant “ Pao Khao” Executive Summary Pao Khao is a locally owned fast food outlet that will be positioned as an international franchise through our creative approach to the company’s image and detail presentation. Pao Khao will provide a combination of excellent food at value pricing‚ with fun packaging and atmosphere. Pao Khao is the answer to an increasing demand for snack-type & Ethnic Indian food. In today’s highly competitive environment
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Inflation and Economic Growth in India –An Empirical Analysis Prasanna V Salian1‚ Gopakumar. K2 Abstract This paper seeks to examine the relationship between inflation and GDP growth in India. An empirical evidence is obtained from the cointegration and error correction models using annual data collected from the Reserve Bank of India. The result shows that there is a long-run negative relationship between inflation and GDP growth rate in India. Inflation is harmful rather than helpful to growth
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Economic Essay - Inflation in Zimbabwe As we all know‚ inflation in Zimbabwe is the most worst ever‚ with the rate of inflation increasing every single hours. Currently‚ the estimated Zimbabwe’s annual inflation rate is at 89.7 sextillion (1021) percent‚ and the prices keep doubling actively increasing every 24.7 hours. Inflation was stable until Robert Mugabe began a program of land reforms that primarily focused on taking land from white farmers and redistributing those properties and assets
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Interest rate is one of the most prominent macroeconomic factors among many other macroeconomic factors. It has direct impact not only on our market but also on other macro economic factors like inflation‚ money supply and investment. Government uses this powerful tool to control money supply‚ inflation‚ recession‚ employment and also investment pattern. Over all‚ we can say that through interest rate government controls the economic phases of a country. Now in question of impact on market; interest
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The leaders of our freedom movement‚ under the stewardship of Mahatma Gandhi‚ had dreamt of an independent and prosperous India. On this day in 1947‚ Pandit Jawaharlal Nehru took the first step towards the realization of that dream by hoisting the Tricolour at the Red Fort. The journey we began on 15 August‚ 1947 is now 65 years old. We have achieved much in these 65 years. Today is certainly a day to celebrate the success of our democracy. However‚ on this occasion we should also introspect about
Free Jawaharlal Nehru India Mohandas Karamchand Gandhi