Indian Economy and the curse of Gold The Indian economy grew at around 5% for the fiscal year ending March 31‚ 2013‚ down from 6.2% the previous year. With economic growth slowing for nearly three years now and the economy expected to grow at around 4.8% this year‚ the slump is attributed to several persistent structural issues – prominent amongst which a widening Current Account Deficit (CAD). To quote the RBI governor‚ "The biggest risk to the economy stems from the CAD." CAD represents
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WTO GENESIS The General Agreement on Trade and Tariff (GATT) came into existence in 1947 It sought substantial reduction in tariff and other barriers to trade and to eliminate discriminatory treatment in international commerce. India became a signatory to GATT in 1947 along with twenty two other countries Reasons for GATT to be carved into WTO GATT faced many problems‚ with the world trade becoming more and more complex‚ GATT was unable to deal with it. Eg. In the agriculture
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The Indian Hotels Company Limited (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognised as one of Asia’s largest and finest hotel company. Incorporated by the founder of the Tata Group‚ Mr. Jamsetji N. Tata‚ the company opened its first property‚ The Taj Mahal Palace Hotel‚ Bombay in 1903. The Taj‚ a symbol of Indian hospitality‚ completed its centenary year in 2003. Taj Hotels Resort and Palaces comprises more than 60 hotels in 45 locations across
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Impact of Recession on Indian Economy Table of Contents Reason for Recession to occur 2 Channel through which recession got transmitted to India from US 3 Effect of recession on different sectors 4 Impact on Indian Economy 6 Steps that government took to tackle recession 9 References: 11 Reason for Recession to occur What happened was this: banks
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CURRENT SITUATION OF INDIAN’S ECONOMY DUE TO INFLATION India’s inflation could accelerate in the current fiscal year due to the rupee’s sharp depreciation‚ said the Reserve Bank of India (RBI). The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 percent so far this year despite efforts by policymakers to prop it up. "The pass-through of the depreciation of the rupee exchange rate by about 11 percent in the four months of 2013-14 is incomplete and will put upward
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Sri Saraswathi Thyagaraja College – Pollachi MIB Students M.Maharajan‚ maharajan1204@gmail.com‚ 8870893310 M.Karthik balakarthick20@gmail.com‚ 9942888939 Flowers Contribution to the Indian Economy Introduction India is bestowed with several agro-climatic zones conducive for production of sensitive and delicate floriculture products. During the decade after liberalization floriculture industries took giant steps in the export arena. This era has seen a dynamic shift from sustenance production
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occupied an important place in the Indian economy. With the fast food culture an accepted feature‚ poultry farming is playing a greater role in the eatery business in India. It has emerged as the fastest growing segment in the agri livestock industry. Emergence of poultry as a large scale commercial enterprise took place less than 35 years ago. Poultry industry is producing a large quantity of eggs and nutritious meat for the second largest demography in the world of Indian subcontinent. It is making all
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rural areas is essential for economic growth. Since the early 1990s‚ India’s growing economy has witnessed a rise in demand for transport infrastructure and services. However‚ the sector has not been able to keep pace with rising demand and is proving to be a drag on the economy. Major improvements in the sector are required to support the country’s continued economic growth and to reduce poverty. Railways. Indian Railways is one of the largest railways under single management. It carries some
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SWOT Analysis SWOT analysis is a tool for auditing an organization and its environment. It is the first stage of planning and helps marketers to focus on key issues. SWOT stands for strengths‚ weaknesses‚ opportunities‚ and threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. SWOT analysis is a simple framework for generating strategic alternatives from a situation analysis. It is applicable to either the corporate level or the business unit level
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India is now at a stage where we will see slow growth and high inflation for some time—GDP growth has slowed to a 9-year low of 5.3% in January-March 2012‚ with WPI inflation staying sticky near 7.5% in May and CPI inflation in double digits. Ideally‚ it should have been the reverse: GDP growth should have been 7.5% plus and inflation near 5%. Clearly‚ the growth-inflation dynamics have reversed. As it stands now‚ we are in a low growth and high inflation trap. Getting out of this will require
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