INDIAN INSURANCE INDUSTRY Size of the Industry | Fifth largest life insurance market with US$ 41-billion. According to IRDA‚ the insurers in the year 2009-2010 sold 10.55 million new policies with LIC selling 8.52 million and private companies 2.03 million policies | Geographical distribution | Delhi‚ Mumbai‚ Karnataka‚ Hyderabad‚ Pune‚ Banglore‚ Uttar Pradesh and all the major cities of India | Output per annum | Indian Insurance Industry is one of the booming Industries of the economy
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Group D INTERNATIONAL TRADE‚ COMPARATIVE ADVANTAGE AND PROTECTIONISM 1. According to the table above determine which country has the absolute advantage in corn and which in soybeans. In addition‚ determine which country has the comparative advantage in corn and which in soybeans. Make sure to support your answer by deriving the opportunity costs of each. Ans. A producer with absolute advantage over the other in the production of a good or service is
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ABSOLUTE AND COMPARATIVE ADVANTAGE An individual‚ a firm‚ a region‚ or a county may develop an area of specialization naturally‚ but frequently choices must be made to determine what to produce for exchange or trade. Producers should concentrate on the activity in which the)- have an absolute advantage. An absolute advantage is the ability to product a good or service using fewer resources than other producers use. In the United States‚ this situation occurs when one region of a country is more
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The Indian Carpet Industry -------------------------------------------------------------------------------- The Indian Carpet Industry India‚ like many other countries‚ has always used wool as the basic material of the carpet. Other materials commonly used are silk and cotton. Silk carpets are particularly high quality pieces. In the beginning of the carpet making century‚ only natural dyes were used to color the wool. Madder‚ as well as other wild vegetables‚ was the most important
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To what extent was Austria responsible for the failure of the Italian revolutionaries in the years 1820-1849? Austria played an integral part for the failure of Italian revolutionaries in between the years 1820-1849‚ due to their incredible influence throughout Europe at that time‚ being known as a superpower. Their military strength shone through‚ and crushed every revolution between 1820 and 1849. However‚ they are not the sole reason for failure. There are also other important factors that
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Indian Agro Products Agricultural sector is the mainstay of the rural Indian economy around‚ which the socio-economic privileges and deprivations revolve‚ and any change in its structure is expected to have a corresponding impact on the existing pattern of social equality. The growth of India’s agriculture sector during the 50 years of independence remain impressive at 2.7 % per annum. About two-third of this production growth is aided by gains in crop productivity. The need based strategies adopted
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The herbal cosmetics industry is “driving growth in the beauty business” in India and is expected to grow at a rate of seven percent as more people shun chemical products in favour of organic ones. “During the last decade‚ the herbal beauty care business has actually driven the growth of the beauty business in India. The emphasis has been on the spectacular growth of the herbal and ayurvedic beauty products business‚” beauty expert Shahnaz Husain told IANS. She was the first to introduce the
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Indian Tyre Industry to grow at 9-10% in next 5 yrs The Indian Tyre Industry produced 73.6 million units of tyres (1.1 million tons) garnering Rs 190 billion in FY`07. MRF was the market leader (22% market share) followed closely by Apollo Tyres (21%). The other major players were JK Tyres & Industries (18%) and CEAT (13%). The industry tonnage production registered a 5 year CAGR of 9.69% between FY 02-07. Truck & bus tyre category (accounting for 57% of the tonnage production) recorded a 5
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Theory of Absolute Cost Advantage MERCANTILISTS’ VERSION Mercantilism stretched over nearly three centuries‚ ending in the last quarter of the eighteenth century. It was the period when the nation-states were consolidating in Europe. For the purpose of consolidation‚ they required gold that could best be accumulated through trade surplus. In order to achieved trade surplus‚ their governments monopolized trade activities‚ provided subsidies and other incentives for export‚ and restricted imports
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TOWN LEVEL BACKGROUND NOTE (DRAFT) ON JALNA Submitted to Urban India Reforms Facility TATA INSTITUTE of SOCIAL SCIENCES By Resources and Livelihoods Group‚ PRAYAS‚ Pune 1 Acknowledgements Preparation of this report would not have been possible without the cooperation and support extended by the Jalna Municipal council’s officers and councilors for the support they extended in the form of sharing data as well as exchanging views ‚ and also the experts from different fields
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