What Are The Impact Of Crude Oil Prices On Indian Economy

What Are The Impact Of Crude Oil Prices On Indian Economy
Curde Oil price affects on economy is different in different country. In general, low prices are
considered good for importers of oil because it not only improves consumer spending but also
improves the trade balance of a country. Therefore an increase in oil prices has a considerable
negative impact on the GDP growth country which imports oil. Whereas drop in Oil Price is bad for
oil exporters as it could put a pessimism in revenues of oil exporting countries where crude exports
play an enormously significant role in economic growth. Moshiri &Banihashem (2012) concluded
that many oil–exporting countries are heavily dependent on exports from oil revenues, so when oil
prices are low, their economies suppress, and when oil prices are high, ... Show more content on
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Strategically, crude oil has very crucial role in country's economy. Considering this significance we
are trying to analyze the relationship between volatility in crude oil prices and its impact on the
Indian economy. This topic is apposite to the current situation where India imports almost 90% of
crude oil need. The purpose of this paper is to determine the relationship between crude oil prices
and the change in GDP, CPI, Inflation. 1.2 Problem Statement: Crude oil price is an crucial
parameter for refining industries, which has a significant impact on economy. There is a
considerable gap in demand and supply of crude oil in India. Goverment oil companies are able to
produce 20–25% of India's total requirements of crude oil. So to bridge the gap between demand
and supply, it is inevitable to import the crude oil. Therefore, both crude oil prices boom and decline
are the problematic area that may damage the Indian economy due to substantial dependency on
import. It is estimated that India's dependence on crude oil import is expected to rise upto 94% by
the end of 2030. As crude oil prices are rising/declining globally, this shockwave makes imports
expensive, it is necessary to understand the consequences of crude oil price rise on the economy.
The purpose of the study is to understand the impact of crude oil prices on the economic indicators
like inflation,GDP
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India 's Growth Of The Indian Economy
Now a day's entrepreneurship is playing an excellent role in boosting up the Indian economy by
working as driving force in the market. Many young entrepreneurs are coming forward and setting
up their ventures in different parts of India. These initiatives are opening the way for plenty of jobs
for the young jobseekers which is prime necessity for the development of any economy like India.
(Quote this by current unemployment data). India is recognized as a talent hub in the world which
shows that from here anybody can get skilled manpower as per their requirement, same is the case
for the entrepreneurs they are not only having the guts to start–ups but their business ideas are
innovative and business driven which is very essential in the ... Show more content on
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These rural people are not very much skilled but any how employers managed to get his work done
but if another hand these rural people's can be skilled by training and development programs than
they can work more efficiently. Apart from this entrepreneurship has been witnessed drastic change
in the living standard of rural people which is very necessary and positive sign in the development
of any economy. To start up industries in the small towns or villages are more effective than starting
up in the big cities where already many competitors are present. Due to availability of resources in a
huge amount in the rural areas and less financial constraints manufacturing of goods tend to lower
production cost by which product becomes more affordable to the rural people. Affordable goods
enhancement the living standard of rural people and entrepreneurship in rural areas ensures the
quality of education, food, cloths etc. apart from this entrepreneurship in rural areas tend to
development and modernization of the place like better health facilities, transportation, schools and
colleges these benefits not only put the root of Modern Village but also contributes in balanced
development of the country. It's more beneficial for the youth to starting a venture in their
hometown instead in big cities. After taking into consideration the benefits of the entrepreneurship
both central government and state government are taking many initiatives to

Indi The Next Economic Superpower
I believe India is going to be the next economic superpower because of many different factors but
not without change to traditional practices. Macroeconomics is a branch of economics dealing with
the performance, structure, behavior, and decision–making of an economy as a whole, rather than
individual markets. Macroeconomics simplifies the analysis of how the country's total production
and level of employment are related to attributes including national, regional, and global economies.
India being the largest democracy and very high in many other rankings, including national wealth.
"India's citizens are yet ranked as some of the most impoverished in the whole world." (Witt,
Chapter 11).
The International Monetary Fund released an update ... Show more content on Helpwriting.net ...
India's service sector has been a primary driver of economic growth over the past few decades, but
the industry's share of value added is stuck at 25%. The share of microenterprises and small
businesses in manufacturing employment is 84%, compared with 25% in China. The fact that it has
moved from an agricultural economy to a service driven economy with almost no growth in industry
is not a virtue, it is the result of policies that have hampered manufacturing and mining.
The main industrial exports of India are textiles, chemicals, food processing, steel, transportation
equipment, cement, mining, petroleum, machinery, software, pharmaceuticals and agricultural
exports like rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes, livestock, and
poultry keep India's export income one of the highest. With the world's second highest workforce at
a "2014 estimate of 502.2 million people" (US CIA–World Factbook)
The financial sector in India is predominantly a banking sector with commercial banks accounting
for more than 60 percent of the total assets held by the financial system. India 's services sector has
always served the country 's economy well, accounting for about 57 per cent of the gross domestic
product. The financial services sector has been an important contributor to the country gross
domestic product (GDP) accounting for nearly 6 percent share in 2014–15. The success of their
financial sector is from the

Environmental Degradation and Its Effect on Indian Economy
Iyengar sanjay !
ENVIRONMENTAL DEGRADATION AND ITS EFFECT ON INDIAN ECONOMY
The environmental problems in India are growing rapidly. The increasing economic development
and a rapidly growing population that has taken the country from 300 million people in 1947 to
more than one billion people today is putting a strain on the environment, infrastructure, and the
country's natural resources. Industrial pollution, soil erosion, deforestation, rapid industrialization,
urbanization, and land degradation are all worsening problems. Overexploitation of the country's
resources be it land or water and the industrialization process has resulted environmental
degradation of resources. Environmental pollution is one of the most serious problems ... Show
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Nearly 12 million hectares of pasturelands are also substantially degraded. Thus, a total of 132
million hectares representing 40 per cent of the country's total landmass have productivity well
below their potential (Tejwani & Yadav, 1998).
Causes of land degradation
The main causes of land degradation are deforestation, ignorance of soil conservation practices,
extension of cultivation to marginal lands, improper crop rotation, imbalanced fertiliser use, surface
irrigation ironically designed to increase land productivity, rapid growth in population, paucity of
land, economic pressures and poverty.
Air Pollution The World Health Organization estimates that about two million people die
prematurely every year as a result of air pollution, while many more suffer from breathing ailments,
heart disease, lung infections and even cancer.Fine particles or microscopic dust from coal or wood
fires and unfiltered diesel engines are rated as one of the most lethal forms or air pollution caused by
industry, transport, household heating, cooking and ageing coal or oil–fired power stations. There
are four reasons of air pollution are – emissions from vehicles, thermal power plants, industries and
refineries. The problem of indoor air pollution in rural areas and urban slums has increased. A latest
example industrial pollution is the leak of chlorine gas in Mumbai. On July 14, 2010 nearly 76
people were treated in

Features of the Indian Economy
UNIT 17 FEATURES OF THE INDIAN
ECONOMY
Structure
1 7.0 Objectives
17.1 Introduction
17.2 Features of the Indian Economy
17.3 Growth and Development
1 7.4 Mixed Economy
1 7.5 Demographic Transition
1 7.6 Sectoral Composition of GDP
1 7.7 Employment Structure
1 7.8 Inter–Governmental Fiscal Relations
17.9 Let Us Sum Up
17.10 Key Words
1 7.1 1 Answers to Check Your Progress Exercises
– –
17.0 OBJECTIVES
After going through this unit, you will be able to: identify the important features of the Indian
economy; distinguish between economic growth and economic development; explain the pattern of
demographic transition in India; explain the sectoral composition of the Indian economy; and
explain the pattern of employment in India.
17.1 ... Show more content on Helpwriting.net ...
Even some parts of the country ' do not have provisions for schools, colleges, hospitals, and safe
drinking–water supply– Let us discuss some of the above issues in detail. 17.3 GROWTH AND
DEVELOPMENT
Economic development is a broader term than economic growth Economic growth usually means
the growth in production of an economy. On the other hand, economic development includes other
fsctors such as litemcyy health, child mortality rate, equality, regional balance, infbtmchrre, etc.
Country GDP Per Capita GDP Per Capita
(PPP US$) (annual growth rate)
1999 (1 990–99)
United States 3 1,872 2.0
United Kingdom 22,093 2.1
France 22,897 1.1
Mexico – 8,297 1.0 l3mil 7,037 1.5

China 3,617 9.5 *
India 2,242 4.1
– –– –
Bangladesh 1,483 3.1
Sri Lanka 3,279 4.0
Nigeria 853 –0.5
Tanzania 501 –0.1
*
The difference between economic growth and economic development is a subtle Features of the one.
Let us take the example of a child. As a child grows her weight and height increases.
Simultaneously, her capacity to leam, recognize and distinguish between objects develops. Thus
growth is not sufficient; we need development also.
Similarly, in the case of the Indian economy economic growth is not enough; we need economic
development. We need better health of people, education for all, reduction in inequality among
sections of people and regions, reduction in infant mortality rate (IMR), access to drinking water for
all, etc. The government has to devise policies and allocate government

An Globalized World Burden Of Private Investment Is...
Abstract: There is growing consensus among researchers and academicians that in this globalized
world the burden of private investment is increasing over Foreign Direct Investment (FDI). Because
of a declining trend in public investment the task of capital formation rests over the shoulder of
private investment and thus FDI playing a leading role in determining the fate of the economy. The
economies receiving more inflow of FDI, are realizing a comparatively high growth and vice–versa.
This is also expected to be happen in India. The present paper discusses the relationship between the
inflow of FDI and GDP. It has been found that FDI has a positive correlation with GDP. the
regression analysis between GDP and FDI of different sectors also supported the same result which
shows that FDI inflow in India is playing very important role in determining the size of GDP.
Key Word: Foreign Direct Investment, Sustainable Growth, GDP, Farm Production
Introduction:
The process of planning in India has always been sensitive to the needs of the poor and the plight of
excluded from its early days. Government of India sought to solve all the socio–economic problems
with the help of rapid and sustained economic growth, because our planners were working with the
view that as the size of national income will be high individuals can share more and vice–versa
(Hashim, S.R., 2007). Mainly because of this reason economic growth has always been the centre of
objectives of India's Five Year

India Super Growing Economic Power
India super growing economic power
Submitted by: MUHAMMED FAZAL K
Preface
India is a new emerging economic power in the world. Though the 21st first decade saw a global
level financial crisis, India didn't wilt under its pressure due to it's the Government's progressive
policies and full–fledged reforms. Particularly, nationalization and liberalisation were the real
saviors of India from the recession. Also, the national sectors and global raid helped to maintain the
economy in proper way.
Introduction
India is an exponentially growing economic powering the world. Indian economy stands today as
one of the influential and attractive economy. The liberalization move by the Government of India in
1990s has given a boost to the Indian ... Show more content on Helpwriting.net ...
Both imports and exports have taken a leap of 20% on an average. In July 1991 with the
announcement of sweeping liberalization dismantled import controls, lowered customs duties, and
devalued the currency... virtually abolished licensing controls on private investment, dropped tax
rates, and broke public sector monopolies.
Yet the aggregate growth data tells us that the acceleration of economic growth began earlier, in the
early or mid–1980s, long before the exchange crisis of 1991 and the shift of the government of
Narasimha Rao and Manmohan Singh toward neoliberal economic reforms. To the extent that we
trust aggregate national–level income accounts, it is clear that by 1985 Indian aggregate economic
growth had undergone a structural break.
Roles of Sectors Indian Sector analysis
Industry and service
Economic reforms brought foreign competition, led to privatization of certain public sector
industries, opened up sectors hitherto reserved for the public sector and led to the expansion India
the production of burgeoning consumer goods. The share of India's IT industry to the country's GDP
increased from 4.8% India 2005–06 to 7% in 2008.in 2009 7 Indian firms were listed among the top
15 technology outsourcing companies India the world. Mining also is a major segment of Indian
economy as it producing 79 different minerals India 2009–10.
Agriculture

As for worldwide farm output, India ranks

Impact of Globalization on Indian Economy- an Overview
Introduction Indian economy had experienced major policy changes in early 1990s. The new
economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model)
aimed at making the Indian economy as fastest growing economy and globally competitive. The
series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed
at making the economy more efficient. With the onset of reforms to liberalize the Indian economy in
July of 1991, a new chapter has dawned for India and her billion plus population. This period of
economic transition has had a tremendous impact on the overall economic development of almost all
major sectors of the economy, and its effects over the last decade ... Show more content on
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The Department has also strengthened investment facilitation measures through Foreign Investment
Implementation Authority (FIIA). Non Resident Indian Scheme the general policy and facilities for
foreign direct investment as available to foreign investors/ Companies are fully applicable to NRIs
as well. In addition, Government has extended some concessions especially for NRIs and overseas
corporate bodies having more than 60% stake by NRIs Throwing Open Industries Reserved For The
Public Sector to Private Participation. Now there are only three industries reserved for the public
sector Abolition of the (MRTP) Act, which necessitated prior approval for capacity expansion The
removal of quantitative restrictions on imports. The reduction of the peak customs tariff from over
300 per cent prior to the 30 per cent rate that applies now. Wide–ranging financial sector reforms
in the banking, capital

Impact Of Globalization On India 's Economy
India is a nation that in recent years has been affected greatly by processes of globalisation. India
has truly felt the forces of globalisation as it has morphed the very nature of the nations' economic
and societal processes.
Globalisation is defined as the integration between different countries and economies leading to the
increased impact of international influences on all aspects of life and economic activity.
In order to measure the impact of globalisation on India's economy one must consider the level of
economic development and growth in the nation, and also understand the difference between the
two. Economic growth refers to the increase in market value of the goods and services produced in
an economy over time. It is generally measured by Gross Domestic Product. Economic development
however, is a much broader term that refers to changes in overall well being and is measured using a
variety of quality of life indicators such as the Human development index. For hundreds of years
India has engaged in trade with far flung nations and as such globalisation is not a foreign concept
for the nation. However, in recent years as a nation that is quickly emerging as a new economic
superpower, globalisation has taken on an increasingly important role in the economy. As of 2011,
India accounted for 1.95 % of world trade , a figure that has only come about due to forces of
globalisation having an active impact on the Indian economy. India has been forced to trade
extensively

Foreign Direct Investment ( Fdi )
Chapter 1: Introduction
1.1. Background of the Study
The advent of globalisation has influenced the scope of economic growth for countries in a rapid
manner. It has also notified that with globalisation, the business sector has been able to experience
considerable benefits from international domain. The concept of Foreign Direct Investment (FDI)
has been gain huge prominences in the recent years for getting considerable benefits for the
economy and overall development of a nation. The importance of FDI has been attaining huge
prominences among the economic as well as business domain. FDI is one kind of investment that
influences the overall economic functioning within a country. FDI is mainly accompanied by
multinational companies (MNCs) ... Show more content on Helpwriting.net ...
As per the conducted research, the FDI will enable the under developing nations to grow faster. In
the year 2011, the inflow of FDI in India has been able to reach the level of $11.1billion, which is
also considerable as a drastic change in the economic activities. FDI inflow and Globalisation has
influenced the average GDP rate of countries and the same influenced gradually.
It could also be stated that the Indian economy is emerging in nature and provides a greater platform
for the companies to enter and establish in the same. With the help of FDI in the developing
countries, the nation has been experiencing an adequate growth associated with the industrial as well
as infrastructural related. It has also notified that during 1990 –2000 the concept of inward FDI has
gain huge prominences regarding the development of Indian economic condition. It has also
observed that post–independence Indian government has continued with the application of FDI
investment scheme. In the year 1991 after the launching of New Economic Policy, the concept of
FDI has gained considerable importance in Indian economy.
According to Narayana & Babu (2008), Indian economy stands as a third largest economy around
the world. As per the purchasing power parity the gross domestic product of the country (GDP) is
US $3.611 trillion. As per the measurement of USD exchange rate Indian economy is considered to
be one of the 10th largest economies in the

Effects Of Imperialism On The Indian Economy
Effects of Imperialism to the Indian Economy In 2015 India was ranked among the highest countries
globally in consumer confidence, this comes after the International Monetary Fund estimated an
economic growth of up to 7% annually for the next decade in India. But this hasn 't always been the
case, in fact, it wasn 't so long ago that India was simply another colonized nation around the world,
not to mention it 's usually rare to see this kind of economic growth in such a small period of time.
The Effects of globalization, with an emphasis on open trade networks, and the Imperial
developments of the late 19th century have led to the emergence and rise of India 's market–based
economy. This growth has been affected in a very positive way over a span of centuries by a
combination of stronger economic developments brought about by a massive increase in the
countries labor force and the emphasis on education and self–governance. An exposure to both the
Western economic systems during the imperial age until their independence in 1947 and their
subsequent involvement in the Asian, Middle Eastern and African trade routes from the late 15th
century placed India in an economic equilibrium where they were able to benefit from both worlds
and become one of the fastest growing economies. The global economic depression of the 1930 's
combined with the two world wars was crucial in establishing early seeds of economic development
in India. During the global

Role of Indian Banks in the Growth of the Indian Economy
{draw:g} {draw:custom–shape} SSUB INTRODUCTION: In the current global order, where the
world has become a big village, consumers take a global look at the products and services in terms
of price, quality, delivery and after–sale services. This trend has sown the seeds of competition in
every sector of economy and banking sector is no exception to this event. Banking, the world over,
has been changing at a spectacular pace. This change is due to multifarious factors like the need to
be efficient in functions, thirst for becoming finance superpowers than mere banks, growing
importance of private banking, the rise in high net worth individuals, etc. the decade of 90s has
witnessed a sea change in the way banking is done in India. ... Show more content on
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The service standards of the public sector banks began to decline. Their profitability came down and
the efficiency of the staff became suspect. Non–performing assets of these banks began to rise. The
wheel of time had turned a full circle by early nineties and the government after the introduction of
structural and economic reforms in the financial sector, allowed the setting up of new banks in the
private sector. The new generation private banks have now established themselves in the system and
have set new standards of service and efficiency. These banks have also given tough but healthy
competition to the public sector banks. MODERN DAY ROLE: Banking system and the Financial
Institutions play very significant role in the economy. First and foremost is in the form of catering to
the need of credit for all the sections of society. The modern economies in the world have developed
primarily by making best use of the credit availability in their systems. An efficient banking system
must cater to the needs of high end investors by making available high amounts of capital for big
projects in the industrial, infrastructure and service sectors. At the same time, the medium and small
ventures must also have credit available to them for new investment and expansion of the existing
units. Rural sector in a country like India can grow only if cheaper credit is available to the farmers
for their short and medium term needs. Credit availability for

India 's Effect On The Indian Economy
Multiplicity in Indian taxes has created complicated tax structure and has led to increase in the
administration cost. To deal with this issue, the empowered committee of state finance ministers led
by Mr. Asim Dasgupta has proposed the need to shift to GST regime from the existing VAT
structure. This paper tries to analyze the impact of the proposed reform in the indirect tax system
and whether it will boost the Indian economy by improving Tax–to–GDP ratio.
Introduction:
Direct as well as indirect taxes both form a major part of revenues to the Government. With India's
tax to GDP ratio just under 15% as reported by Moody's, it is a sign of worry for an emerging
market like India. One of the main reasons behind India's poor performance is the presence of highly
inefficient indirect tax structure.
To rationalise the tax structure and to remove inefficiency in the taxation system, VAT was
implemented by central government in the year 2005. It was then seen as a major improvement over
the pre–existing Central excise duty at the national level and Sales tax at the state level.But over the
years, various tax leakages have been discovered in the VAT system as a result of which contribution
of indirect taxes to the GDP has declined. (See Exhibit 1) Implementation of Dual GST is seen as an
ultimate indirect tax reform which will boost the country's economic structure.
Shift from VAT to GST
The multi–layered indirect tax levied both at the Central and State level in India is

The Impact Of Demonetization On Indian Economy
The present paper focuses on studying the impact of demonetization on Indian Economy. This wok
concentrates on highlighting the advantages and disadvantages of the move by the government .
This paper tries to explore the negative and positive aspects of recent demonetization of Indian
Economy. The reader of this paper would be getting the knowledge about the pros, cons and
consequences of demonetization of Indian economy.
KEYWORDS: Demonetization, circulation, Re–monetization, counterfeiting, legal tender.
INTRODUCTION: Demonetization is the act of stripping a currency unit of its status as legal
tender. It occurs whenever there is a change of national currency: The current form or forms of
money is pulled from circulation and ... Show more content on Helpwriting.net ...
However, these varied currencies remained convertible into Euros at fixed exchange rates for a
while to assure a smooth transition.
In 2015, the Zimbabwean government demonetized its dollar as a way to combat the country's
hyperinflation, which was recorded at 231,000,000%. The three–month process involved expunging
the Zimbabwean dollar from the country's financial system and solidifying the U.S. dollar, the
Botswana pula and the South African rand as the country's legal tender in a bid to stabilize the
economy2.
India 's Demonetization
In 2016, the Indian government decided to demonetize the 500– and 1000– rupee notes, the two
biggest denominations in its currency system; these notes accounted for 86% of the country's
circulating cash. With little warning, India 's Prime Minister Narendra Modi announced to the
citizenry on Nov. 8 that those notes were worthless, effective immediately – and they had until the
end of the year to deposit or exchange them for newly introduced 2000 rupee and 500 rupee bills.
Chaos ensued in the cash–dependent economy (some 78% of all Indian customer transactions are in
cash), as long, snaking lines formed outside ATMs and banks, which had to shut down for a day. The
new rupee notes have different specifications, including size and thickness, requiring re–calibration
of ATMs: only 60% of the country's 200,000 ATMs were operational. Even those dispensing bills of
lower denominations faced shortages. The

Narendra Modi : A Vision Of Reshaping Indian Economy
Narendra Modi – a patriot, a true leader with a vision of reshaping Indian economy and accelerating
the process of nation building.He showed the trailer of "ache din aane wale hai" to Indians grappling
with issues like corruption, unemployment, inflation etc.and they saw a maseeha in him. Not only
Indians, the entire world has its eyes set on the way Mr. Narendra Modi leads and governs India. But
has he been able to live up to his trailer's expectations? Let's take a walk through his trailer – "the
election campaign" andjudge for ourselves, "ache din aaengey ya nhi".
The trailer boasted of NDA government addressing following issues:
Good Governance Price Rise Employment and Entrepreneurship Corruption Black Money Decision
and Policy Paralysis Poor Delivery Credibility Crisis People Public Private Partnership
Infrastructure enhancement Improve foreign relations
The movie started with our PM Modi's swearing ceremony, where Prime Ministers of all the
SAARC countries were invited. His emphasis was on fostering the foreign relations, especially
amongst BRICS nations. He was playing safe by sustaining and building relationships with foreign
nations.
Modi then took charge of government by placing his key ministers in important ministries, rolling
out the sketched roadmap to his officials, taking stock from the secretaries, and ultimately trying to
tame the present system of Government so that his trailer's main agenda of good

India 's An Indian Economy
The Make In India campaign is an initiative by Narendra Modi, which was introduced on 2nd
October 2014. It is advertised by launching a website and a logo of its own. The campaign lays a
foundation for a pro–manufacturing initiative by the new government. With this plan, PM Modi
intends to encourage Inclusive Growth in the country. The Inclusive Growth can be attained by
exploiting the 3 D's of the country i.e Democracy, Demand and Demographic Dividend. Also Modi's
pitch for FDI (First Develop India) would also revive the Indian Economy. Although the initiative of
Make in India looks ambitious, but does it really reap fruits and overcome the shortcomings of
Indian Economy from its 67 year old history is something to be debated upon. ... Show more content
on Helpwriting.net ...
India is lagging in terms of infrastructure and more private players and public–private partnership
should be encouraged to bring about the change. One such example is Jamshedpur built by TATA. It
shows that the problems are able to overcome with proper policy changes.
Secondly, power poses the next hindrance for the Industrial Sector. The issues related to power
should be resolved as early as possible in the near future. Lack of power is a big hurdle to the
running of industries. Many states like Tamilnadu, Uttar Pradesh, Bihar have power constraints.
Apparently, the situation has been taken care of in Gujarat and this clearly shows how Gujarat has
emerged as the fastest growing state economy in India.
Thirdly, the laws pertaining to land acquisition are not business–friendly. The present scenario tends
to be very time consuming and the costs of compensation and relocation are very high. The present
law, The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and
Resettlement Bill, 2012, makes the process tedious and tiresome. Also, the cost of project increases
fivefold and does not improve the ease of doing business.
Further more, the problem of taxation prevents inflow of foreign investments as well as conducive
business environment. Liberal tax laws tend to act as a fuel to smoothen the Industry as a growth
Engine. It is important to note that Nokia plant in Chennai has to be

Indian Economy
INDIAN ECONOMY
India is today one of the six fastest growing economies of the world. The country ranked fourth in
terms of Purchasing Power Parity (PPP) in 2001. The business and regulatory environment is
evolving and moving towards constant –improvement. A highly talented, skilled and English–
speaking human resource base forms its backbone.
The Indian economy has transformed into a vibrant, rapidly growing consumer market, comprising
over 300 million strong middle class with increasing purchasing power. India provides a large
market for consumer goods on the one hand and imports capital goods and technology to modernize
its manufacturing base on the other.
An abundant and diversified natural resource base, sound economic, industrial and ... Show more
content on Helpwriting.net ...
It is the Central Bank of India. It was nationalist on January 1, 1949. Again on July 19, 1969
fourteen big commerce banks were nationalised.
Export–Import Bank (Exim Bank) was established in 1982 to provide funds to exporters and
importers. The one rupee note bears signature of the Secretary, Ministry of Finance Govt, of India,
whereas the remaining notes bear the signature of the Governor of the Reserve Bank of India (RBI).
The main function of Reserve Bank of India is to control the monetary policy of the country and
exchange rate of Indian currency. Awadh Commercial Bank was the first wholly nutritional
standards of daily caloric intake of 2400 calories. Timercial bank which was established in 1880.
The Punjab National in rural e a 2100 calories per person in urban areas are said to H bank was
established in 1894. Indian Life Insurance Corporation was living below the poverty line.
Taxes–
Taxes can be levied either directly or indirectly.
Direct Taxes–
Income tax and corporation tax are two main direct taxes.
Indirect Taxes–
Central excise duty and customs duty are two I main indirect taxes.
Bank Rate–
It is the rate of interest charged by the Reserve bank of India for lending money to commercial
banks.
Deflation–
A state of decrease in money circulation resulting ir Prices and unemployment.
Black Money–

It means unaccounted money, concealed income undisclosed wealth. In order to evade taxes some
people falsify their accounts

Indian Oil Industry Is The Backbone Of A Modern Economy
The oil refining industry is the backbone of a modern economy (Senevirante, 2006). Refined
petroleum product remain fundamental to our economic life – in everybody's daily life and
economic activities of a nation (Wauquier and Favennec, 2001) ranging from domestic cooking to
transportation, employment, etc. In terms of the refining capacity India ranks eighth in the world
(U.S. EIA 2009). The private sector owns about 38% of total capacity while the public sector owns
the rest. End of 2013, India has 4.35 million bbl/day of refining capacity, making it the second
largest refiner in Asia after china. There are projections that there would be an increase in the
refining capacity to 6.3 million bbl/day by the year 2017. Indian oil Corporation Limited is the
major company which controls most of the refineries in India. In total there are 22 refineries in
India. The total refining capacity of India has increased from 175.9 Million metric tons (MMT) in
2007 to 215.06 Million metric tons (MMT) in the year 2014. Reliance industries a private owned
petroleum company has the largest refining complex in the world and it is located in Gujarat in
India. It has a capacity of 1.24 million barrels per day. Based on the current proposed growth and
projections India plans to add 1.6 million bbl/day of refining capacity by the end of 2015. India is
steadily emerging as an international destination for oil refining as the investment is less compared
to other Asian counterparts. According to

Can India Sustain Its Present Economic Growth Rate
Can India sustain its present economic growth rate?
India is an emerging economy that is witnessing unprecedented levels of economic expansion. It is
widely expected that India may overtake China as the world's fastest growing major economy by
2015. However it is not easy to sustain high levels of economic growth rates. There were a number
of countries that experienced a high economic growth rate but were unable to sustain it for a long
period of time. In order to determine whether India can sustain its economic growth rate we need to
study the various factors that create an impact on India's economy.
There are several factors that have positive impact on India's economic growth rate. The first is
India's demography. India is ... Show more content on Helpwriting.net ...
The literacy rate of India is only 66%. Shortage of skill aggravates the problem of developing the
infrastructure (Chrystal & Lipsey, 2003). Builders, electricians and plumbers are often scarce.
Nevertheless, Indian government is trying its level best to tackle these problems. Efforts are under
way to get the private sector involved in building world class infrastructure. The skill shortage, too,
is being addressed. The literacy rate is rising quickly. Among 15–24 years old, it is over 80%. In an
attempt to curb corruption and make India more business friendly, several reforms are being
introduced. All these corrective efforts coupled with the favorable factors will ensure that India will
be able to sustain its current economic growth rate.
Reference:
A bumpier but freer road. (2010, September 30). In The Economist. Retrieved from
http://www.economist.com/node/17145035?story_id=17145035
Chrystal, A and Lipsey, R. (2003). Economics of developing and transition countries. In Economics
(10th ed.).London, England: Oxford University Press.
Dhara, T. (2010, August 16). India to top China as fastest growing economy by 2015. Bloomberg.
Retrieved from http://www.bloomberg.com/news/2010–08–16/india–to–top–china–as
fastestgrowing–economy–by–2015–morgan–stanley–says.html
Goyal, K. (2010, February 25). India seeks title of fastest growing economy. Bloomberg
Businessweek.
Retrieved from

Contribution of Indian Financial Institution Towards Economy
Contribution of Indian Financial Institution towards Economy
Abstract:
Banks over the year play an significant role in development of Indian economy. After liberalization,
the financial depression, the position of banks have become all the more important in the course of
working of the money market and hence the economy of a nation.. The economic reforms totally
have changed the banking sector. RBI permitted new banks to be started in the private sector as per
the recommendation of Narasimham committee. The Indian banking industry was dominated by
public sector banks. But now the situations have changed. New generation banks with used of
technology and professional management has gained a reasonable position in the banking industry.
In ... Show more content on Helpwriting.net ...
It is the foremost monitoring body in the Indian financial sector. The nationalized banks (i.e.
government–owned banks) continue to dominate the Indian banking arena. Industry estimates
indicate that out of 274 commercial banks operating in India, 223 banks are in the public sector and
51 are in the private sector. The private sector bank grid also includes 24 foreign banks that have
started their operations here. Under the ambit of the nationalized banks come the specialized
banking institutions. These co–operatives, rural banks focus on areas of agriculture, rural
development etc., | | unlike commercial banks these co–operative banks do not lend on the basis of a
prime lending rate. They also have various tax sops because of their holding pattern and lending
structure and hence have lower overheads. This enables them to give a marginally higher percentage
on savings deposits. Many of these cooperative banks diversified into specialized areas (catering to
the vast retail audience) like car finance, housing loans, truck finance etc. in order to keep pace with
their public sector and private counterparts, the co–operative banks too have invested heavily in
information technology to offer high–end computerized banking services to its clients. | |
Functions of banking unctioning of a Bank is among the more complicated of corporate

Globalization And Its Impact On Socio Economy
Globalization and its Impact on Socio–Economy in India
Dr. Mahendra Singh
Associate Professor
Department of Sociology
Madhav University, Pindwara (Rajasthan)
Abstract:
Globalization was adopted by Indian Government during 1990–91 when Indian Economy was in a
very bad shape. It was, however, adopted not as a solution to deteriorating Indian economy but to
enable itself to get further foreign exchange loans from World Bank as its foreign exchange reserves
were reduced to mere 3 weeks outflow. To rectify its ailing financial health, Government
simultaneously decided to amend its economic policies and go for privatization & liberalization of
its economy. These decisions had immediate positive effect. However, globalization has proved to
be a double edged weapon. It did help government temporarily meet its emergent need of foreign
exchange but it has, as a by–product, caused some permanent damage to Indian Economic system
and Indian social structure.
Key Words: Privatization, Liberalization, current account deficits, disinvestment, western culture.
INTRODUCTION
For thousands of years, different countries have been doing trade with one another . But the process
has got a tremendous boost in last about two decades due to high handed policies of International
Monetary Fund, world bank and world trade organization who have been working on the agenda of
developed countries like USA. They practically forced underdeveloped countries to adopt full
throttle globalization by opening

Essay On Corporate Governance
Corporate governance has played a very important role in the present economic condition of India.
India successfully started its move towards open and welcoming economy in 1991. From then
onwards it has seen an amazing upward trend in the size of its stock market, that is, number of listed
firms was increasing proportionately. If India wants to attract more countries for foreign direct
investments, Indian companies have to be more focused on transparency and Shareholders value
maximization. Even though corporate governance practices can be backdated to as early as 1961
around the world, India was lagging behind. It was not until 1991 when liberalization took place and
corporate governance established an international context. The most ... Show more content on
Helpwriting.net ...
We can compare the Sarbanes–Oxley Act of 2002 and Clause 49. Clause 49 was based on the
principles of Sarbanes–Oxley Act of 2002. It was developed for the companies listed on the US
stock exchanges. As far as the responsibilities of management and number of directors were
concerned, they are both the same. They also have same rules regarding insider trading, refusal of
loans to directors and so on. The important difference between the two is under Sarbanes–Oxley
legislation if fraud or annihilation of reports takes place up to 20 years of imprisonment can be
charged, but in case of Clause 49, there is no such condition. Being the controller of the market
SEBI can commence a criminal proceeding. If in case SEBI decides to give a severe punishment
then it can commence a criminal proceeding or raise the fine for not agreeing with Clause 49, which
automatically delists the company.
Corporate governance affects corporations as well as countries in different ways such as firms
access to outside financing increases, which leads to more investment, better growth opportunities
and that causes the job market to flourish. Capital cost is decreased and so the firms are valued at
higher cost. Firms can be attracted by this, which directs it to growth and again to reduced
unemployment. Wealth is generated by better distribution of resources and good management
practices, which is because of better operational performance.

How Did The French And Indian War Affect The Economy
Many of the great European powers had footholds in the New World, specifically North America.
The English, French, Spanish and Russian all had land there. This caused conflict between these
powers and the Native peoples that already lived there. A prime example of his conflict is the French
and Indian War. The French and Indian War began in 1754 when both the British and the French
claimed the Ohio River Valley for their own empire. After the Paris Peace Treaty of 1763 ended the
war, the relationship between Britain and its North American colonies was completely altered. The
war brought political, economic, and social changes to the relationship. After the war the British
began to hold the American colonies on a tighter leash politically. ... Show more content on
Helpwriting.net ...
The theory of Mercantilism stated that the colonies existed for the benefit of the mother country.
Therefore the colonies produce raw materials such as lumber, furs, and crops and send them to the
British who then use them to create manufactured goods to sell back to the colonists. After the
French and Indian War the British began embracing mercantilism even more by heavily taxing the
colonists in order to pay for the cost of the war. An example of this is the Stamp Act. This act called
for a tax on all paper products such as stamps, newspapers, etc. The colonists did not want to be
directly taxed so they boycotted and petitioned the tax. An example of this boycott is evident in a
colonial newspaper that's heading had skull and crossbones where the stamp should be placed (Doc
7). Other examples of the new taxes that were imposed on the colonies are: The Sugar Act,
Townshend Duties, and the Tea Act. The British also began heavily enforcing the Navigation Laws
which basically prevented the colonies from trading with anyone but themselves. The British
justified these taxes and policies with the fact that the colonies were costing them money to
maintain, therefore they should be taxed to pay for these costs (Doc 6). Economically, the
relationship between Britain and its colonies changed in the sense that the British started heavily
enforcing mercantilistic

How Did The British Affect Indian Economy
Back to the time of the Silk Road, India had become a special place where the European powers had
come to desire because it was located in the middle, between Europe and China. By the 1700s
during the Battle of Plassey, the British had colonized India and turned it into their second home.
The British East India Company took over India but not all the Indians believed that the British
belonged there. In India, the British had made changes that affected the economy, the government
and the social lifestyle of the people. These changes were both positive and negative. The beneficial
impacts were changing the government the Indians already had by allowing more choices,
increasing the economy, and lastly providing education. Even though the British ... Show more
content on Helpwriting.net ...
As the British took control of India, it found ways to make India better and with its help, soon
enough, India was placed as the second best economy under the British economy (British 12).
India's economy and trade had improved tremendously after the British took over because there was
more money coming into India to cause such a rise in its economy. The British also built railroads
which created more ease when transporting goods and trading throughout India. The railroads
allowed supplies and goods to be exported quickly, bringing it to the ports. Goods that would
usually take months to be traded with others now only took a few days with the installment of
railroads (Fisher 348). The railroads in India impacted everyone not just the merchants and
businessmen in India. But, it was especially beneficial for them because now they could make deals
and have goods be transported to them without a long wait. Nevertheless it seem to be that with
these new installments India could run smoothly but eventually a problem came along the way. The
British did not allow Indians to make their own goods, they banned homemade crafts and since most
of India was out of work, the Indians turned to the fields. Work was hard and there were certain
goods they needed like clothes so they had to buy it from the British since they could no longer
make it themselves from the cotton they collected. Craftsmen became farmers to pay for goods and
live a stable life (Bose 53). The British had wanted to get rid of the competition for goods so they
decided they want to prevent the Indians from making their own goods. That way if the Indians
needed something they can only get it from the British (Bose 53). This led to economic downfall for
the Indians because while they were not doing great before the British came, their economy was
pretty

Structural Changes and the Role of Services Sector in...
inter Linkages between agriculture and others sector in India : A Post Reform Scenario Mandeep
Singh Abstract The present study is an attempt to calculate the sector wise linkages in a post reform
period for the Indian economy. To do such analysis, the whole economy is aggregated into three
main sectors such as agriculture, industry and services. All the linkages have been calculated for two
points of time by utilizing data on two input–output transaction tables for the period 1993/94 and
2006/07. The overall analysis reveals the services sector expansion over the years. The highest
linkages of the industrial sector also stress to increase the amount of investment in this sector to
expand other sectors as well. 1. Introduction ... Show more content on Helpwriting.net ...
|29.0 |26.1 |44.9 | |1993 |28.9 |25.9 |45.2 | |1994 |28.5 |26.8 |44.7 | |1995 |26.5 |27.8 |45.7 | |1996 |27.4
|27.0 |45.6 | |1997 |26.1 |26.8 |47.1 | |1998 |26.0 |26.1 |47.9 | |1999 |25.0 |25.3 |49.7 | |2000 |23.4 |26.2
|50.5 | |2001 |23.2 |25.3 |51.5 | |2002

Effects Of Black Money On Indian Economy
CHAPTER TWO: LITERATURE REVIEW
2.1 Introduction
The intent of writing the following literature review is to highlight the knowledge of origin of black
money, the consequences of black money on Indian economy. In addition this section will anchor on
how the economy is going to change if black money from around the globe is brought back to its
country. This review will be done by studying and scanning of existing resources on Indian
economy. It will also determine the policies made to stop generating black money in the first place.
2.2 Critical Review
2.2.1 origin black money
There are many sources of generation of black money and some of them are legal means and the
others are illegal means. Practices such as weapon trading, terrorism, selling of counterfeit or stolen
goods are some of the main illegal means. Where corruption is concerned, black money is earned
through giving and taking of bribes by public officers.. Apart from this, the politicians and political
parties take bribes from foreign companies and invest it in tax havens to transfer it to india when
needed. It is also generated through evasion of taxes by hiding the income from public authorities.
Commercial sector also generates a huge sum of black money by creating an imbalance between
exports and imports by under–invoicing exports and over–invoicing imports from countries like
Singapore, UAE, and Hong Kong etc. The figure bellow shows manipulations of accounts for tax
evasion.

Financial Sectors Of The Indian Economy Essay
1.1 INDUSTRY PROFILE
Financial sectors all over the world is going through the process of transformation such as,
liberalization, technological innovations and deregulation. The evolving financial system in India
has been interlinked with the growth of the macro economics. This change allows financial
institutions to bring in assortment of new product and services into the economy. Financial
institutions play a prominent role in stimulating the economic growth in a country, they help to
mobilize the savings and channelize the funds as investments into the sectors which requires it.
Government has played a prominent role in creation and structuring the financial system in the
country. The government also controls and influences the flow of credit in an economy and its
direction through its fiscal policies.
Since the liberalization, privatization and globalization (L.P.G) in the early 1990's the Indian
economy has had a deep impact on its financial services sector, it is during this L.P.G era the
reform's in financial sector were initiated by the government of India to meet the challenges of
complex financial architecture. This reform ensured that the new Indian financial system will forge
out into a transparent, strong and resilient system. At present the Indian economy grew by 7.3
percent, a full year growth for the fiscal year ending in march based on the statistical method based
of gross value added (GVA) keeping base year as 2011–2012 as against 2005.
Financial system

Gallup Summary
Gallup, New Mexico, is a border town just outside the Navajo Nation reservation with an estimated
22,000 residents; however, that number nearly triples on the first of the month. Social Security
checks are distributed to elders and veterans on the first of the month, and most tribal members have
neither access to a local bank nor sufficient consumer spending options on the reservation.
Therefore, most Navajos end up driving for an hour or more to purchase much needed groceries,
lumber, auto–parts, and kid's school clothes in border towns such as Gallup. According to the
University of New Mexico Bureau of Business and Economic Analysis study, significant
competition for retail dollars from the Navajo Nation is spread among several surrounding ... Show
more content on Helpwriting.net ...
Second, having so few employers and jobs available in Indian Country leads to high unemployment
rates. And, third, the absences of thriving economies, characterized by a sufficient number of
privately and publically owned businesses in Indian Country, adds to the impoverishment of Indians
and their families.
Although the trust land issue is not specifically emphasized by Miller, this article focuses on trust
land as a primary impediment for entrepreneurs who want to start up small businesses or pursue
entrepreneurial endeavors on the Navajo reservation. Because Navajo land is held in trust, the
United States government has legal ownership of the land, and tribes and individual Indians are
merely beneficial owners. Selling and leasing Navajo land, even for community development, must
be approved by the United States. In his article, "Ending the Curse of Trust," noted tribal
entrepreneur Lance Morgan says:
Trust status hurts individual American Indians. It prevents us from using our land as collateral,
which has effectively killed Native–owned agriculture. [*181] This system left us with almost no
choice but to lease out our land, primarily to non–Indians. That's why we are land rich, but still dirt

Make Indi The Road Ahead For India 's Development Saga Or...
Make in India: the road ahead for India's Development Saga or is it just another rhetoric?
Abstract:
"Make in India" campaign is an initiative that attracts the industrialists to make India a
manufacturing hub that helps to create jobs. India ranks 142nd in the ease of doing business and it is
becoming increasingly difficult for both Indian and foreign businessmen to start a business in India.
The infrastructure in India is not good enough to attract investors. There is a lack of proper
connectivity between the cities in India. The other bottleneck are taxation, Government policies,
labor laws, ease of obtaining licenses and land acquisition. India must also compete with its
neighbor China as both the nations are seen as growing ... Show more content on Helpwriting.net ...
Historically, India has always been an agricultural nation. The major share of GDP is from this
sector till the early 1950s and 60s. Down the line, its share began to decline and service sector
started to emerge. Today service sector players a prominent role in the economy of India. On the
other hand, Industrial sector has been growing right from the beginning but the growth is minimal
when compared to service sector. The Following graph depicts the percentage share of Individual
Sectors in the country. Figure 1: Shares of Agriculture, Industry and Services in India
As observed clearly from the above graph, the growth of Indian Manufacturing Sector has been
minimal. This can be attributed to the myriad factors that hinder the Indian Industrial sector. On a
closer introspection, there are major reasons in the country which holds back the Indian Economy.
Firstly, India lacks the optimum prerequisite for the growth of Industrial Sector i.e Infrastructure.
India is lagging in terms of infrastructure and more private players and public–private partnership
should be encouraged to bring about the change. One such example is Jamshedpur built by TATA. It
shows that the problems are able to overcome with proper policy changes.
Secondly, power poses the next hindrance for the Industrial Sector. The issues related to power
should be resolved as early as possible in the near future. Lack of power is a big hurdle to the
running of industries. Many

The Indian Economic Reforms Of The Economy
The Indian economic reforms of 1991 are a prime example of radical changes in the economic
policies of India from a conservative to an orthodox one. Prior to the reforms, the country followed
the system of regularising imports and replacing them with domestic products, with the state playing
the dominant role in economy. However serious macroeconomic and debt payment crisis forced the
government to implement radical policies in the form of the Economic Reforms of 1991.
Situation Prior 1991–
Prior to the reforms, the Indian economic strategy pursued import–substituting industrialisation1
with the state playing a dominant role in the economy. This was ground–set prior independence and
attracted wide support across political spectrum. The ... Show more content on Helpwriting.net ...
Political instability led to a lack of confidence in investors about the government 's ability to manage
the economy. Foreign exchange reserves dwindled to an all time low of the cost of two weeks worth
of import. This prompted the government to immediately take action and reform the basic economic
structure. The crisis of 1991 came after 11 years of improved and stable growth performance, lower
inflation rates and steady decline in poverty. These reforms tried to consciously fashion the new
policy as close to the Washington Consensus as was permissible by the then prevailing economic
condition.
Steps taken by the Government–
The following were the steps taken by the government in the light of the 1991 economic crisis.
1.Problems of Fiscal deficit
To handle the problem of fiscal deficit, the following steps were taken
The tax rate for individual and corporate tax was reduced to bring more people under the tax net.
The tax procedure was made more efficient and simplified.
Heavy reductions were implemented in the import duties.
2.Removal and relaxation of government control over industries
In order to make the industrial management and provide an impetus for growth and development,
the industries were given more freedom in the following ways–
Freedom from licenses and various other restrictions
Foreign technological imports and usage were promoted to ensure technological

India 's Indian Economy On The Path Of Globalization
For forty years after India's liberation from British rule in 1947, the Indian market was stifled by
government regulations that prohibited foreign owned operations. The only way to import foreign
goods or technology was to apply and obtain a special permit from the government. This system was
known as the license raj1. The difficulty of getting these licenses repressed the automobile sector
and component imports, creating a low volume high cost auto industry that was technologically
dated, inefficient, and unprofitable. In the early 1980's, The Indian government engaged in small but
decisive efforts to reform the country's struggling automobile sector, that also set the Indian
economy on the path of globalization. It entered into a ... Show more content on Helpwriting.net ...
With international firms now able to own equity in the newly opened Indian market, the automobile
sector was flooded with many players who were drawn to its huge market potential, and became
intensely competitive
Driven by India's large population of over a billion, and low market penetration, The Indian
passenger car market became the fastest growing in Asia. International automobile manufacturers
were able to take advantage of the highly skilled engineers at affordable cost, setting up operations
throughout the country. From its inception in 1981, Maruti benefited from India's open market and
for the last thirty years established itself as a dominant player in the Indian automobile industry,
owning over a majority percentage of the market share. It offered the emancipated Indian motorist
an affordable, efficient, and safer alternative to outdated models. Despite its strong position in the
market, however, Maruti had little control over pricing due to intense competition and ruthlessly
kept the price of cars low as not to lose ground to its competitors.
Passenger vehicles in India could be segmented into three categories: passenger cars, utility, and
multipurpose vehicles. Passenger cars contribute about eighty percent of total sales volume and is
expected to grow fifteen percent annually. Though there were numerous auto

Effect of Rising Oil Prices on Indian Economy
A rise in global oil prices by $ 10 per barrel would reduce India's economic growth by 0.2
percentage points and also affect the country's current account deficit, Goldman Sach said.
"A VAR (value–at–risk) analysis suggests that a $ 10 increase in oil would reduce GDP growth by
0.2 percentage point," Goldman Sachs said in its latest edition of 'Asia Economics Analyst'.
India on Monday voiced serious concern over the rising crude oil prices, which have touched a two–
year high, and said it could badly affect global economic growth and even give rise to inflationary
pressures.
"The current oil prices will spur global inflation and retard economic growth. India feels that this is
the concern that needs to be addressed on priority," Minister ... Show more content on
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In this background, I found it reassuring to come across opinions from two unrelated quarters
questioning the connection.
CONFIDENT ASSERTION
There is first the confident assertion of the Chairman and Managing Director of Indian Oil
Corporation (IOC), Mr R. S. Butola, that the impact of higher crude prices need not always be
severe, and can, in fact, be circumvented by means of some ingenious countervailing measures.
The IOC seems to have achieved this by carrying out crash modernisation and upgradation of plants
and shifting the dominant part of its business plan to petrochemicals.
For instance, by using modern processes, IOC has been able to convert many black products into
high–value fuel such as LPG and petrol, significantly raising the company's distillate yield from
71.5 per cent in 2004–05 to 75.4 per cent in 2010–11, and thereby extracting more high–value
products from every barrel of crude.
A recent IMF working paper (No.11/194) "Oil shocks in a global perspective: Are they really that
bad?" is a scholarly exposition downplaying the gloomy prognostications associated with surging oil
prices. The importance of the paper is that it almost exclusively focuses on the economies of
developing countries.

It goes into the relationship between oil prices and macroeconomic fundamentals, including
economic output and value and volume of international

Imperialism of India by Britain Essay
Imperialism is the domination of one country of the political, economic, or cultural life of another
country. Imperialism is more often than not fueled by two major schools of thought known as
nationalism and Social Darwinism. Nationalism is a feeling of pride and devotion to one's country.
This can drive a person to think that their country is the most powerful, and in essence drives that
person mad with power and a hunger to conquer, which not ironically is exactly what many
countries did. Social Darwinism is the very idea that a more powerful country conquer the smaller
countries. "Survival of the fittest," as the well renowned Charles Darwin used to say. Imperialism is
also sometimes sparked by military motives, such as when USA set up ... Show more content on
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Then there's the negative which may take away a colony's individuality and spark rebellion. Britain's
a great example because we see an economic growth and a modernization of India, but we also see
the rights of the people slowly fading into the shadows. Britain took over India after a brief struggle
with France; initially to aid in its economy; mainly its textiles. The plan was to have Indians harvest
raw materials to ship back to Britain. Britain would therefore have cheap raw materials sent back to
them; because India was mercantilist (could only trade with the mother country) they did not have
much of a choice but to sell to Britain cheaply. Britain therefore always had a steady source of raw
materials Britain would turn raw materials into finished products that it would ship back to India and
sell to Indians. Prices for goods were low and Indians liked that, but also Britain had a steady source
of income. The most useful Indian industry for Britain was its cotton industry; Britain often used
Indian cotton for clothing. India made for a cheap way to assemble (cheap labor) and an easy way to
get business. For Britain, there was barely a negative side to imperializing in India. British citizen
did not change the way they went about their day at all. Prices of goods dropped which, of course
made life easy, but nobody lost sleep over the colonization. Britain's

Impact on Indian Economy
Impact of Recession on Indian Economy & Changes in
Consumer Behaviour due to Recession
Introduction–
Almost everybody today seems to be discussing about the US Recessionary trend and its impact on
emerging countries, more particularly India Economists, Industrialists and the common man on the
streets seem to have been horrified by the very thought of recession in India and that too due to US.
Decreasing industrial production, inflation, decreasing job opportunities, cost cutting, reducing
purchasing power parity, et al are the aspects discussed among them through every possible mode
like articles, talks & walks and places like washrooms, canteens, etc
But to me the reality is very different! Yes......
India will not be ... Show more content on Helpwriting.net ...
Reduced industrial output
3. Reduced job opportunities
4. Stock Market is lingering in the bottom
5. Real estate market has started to take a beating
6. Inflation has increased
7. GDP has come down and the GPD forecast for the next two quarters are only average.
8. Change in consumer behaviors and purchasing power.
Indian economy 'faces slowdown not recession '
India is a different economy and known as one of the most promising economies in terms of growth
and investment.
India, with $1.1 trillion or the second largest GDP among the world 's developing economies is
treading on the right path of sustained progress and development. While most Western economies
are heading toward recession, the Indian GDP growth is likely to witness a slowdown from 9
percent last year to 6.5 to 7.5 percent by the year–end.
The Indian economy is immune to the global mortgage crisis, failures of banks in the West and
liquidity crisis.

"Indian economy is based on robust fundamentals and enjoys the status of one of the most dynamic
and growing economies in the world with over 9 percent GDP last year."
India itself is a biggest consumer market with 300 million of middle class and the lowest debt ratio
of 22 percent of the GNP. The country enjoys the highest savings rate of 28 percent of the GDP."
Change in consumer behaviors due to recession in India.
Today 's recession has affected all over the world. Due to the economic slowdown many companies

Economic Impact Of Globalization And Its Impact On Indian...
IMPACT OF GLOBALISATION ON INDIAN ECONOMY POST 1991
The economy of India is a creating blended economy. It is the world's 6th biggest economy by
ostensible Gross domestic product and the third–biggest by obtaining power equality (PPP). The
nation positions 141st in per capita Gross domestic product (ostensible) and 123rd in per capita
Gross domestic product (PPP). After 1991 financial progression, India accomplished 6–7% normal
Gross domestic product development every year. The long–term growth prospective of the Indian
economy is positive due to its young population, corresponding low dependency ratio, healthy
savings and investment rates, and increasing integration into the global economy.
Globalization depicts a procedure by which local economies, social orders, and societies have turned
out to be coordinated through a worldwide system of correspondence, transportation, and exchange.
The term is some of the time used to allude particularly to monetary globalization:
interaction of national economies into the international economies through trade
foreign direct investment
capital flows
technology advancement etc.
The financial progressions initiated need needed an emotional impact on the in general growth of
the economy. It also proclaimed the coordination of the Indian economy under the worldwide
economy. Those Indian economy might have been in significant emergency Previously, 1991 At
remote coin stores went down should $1 billion. Globalization needed its

The Impact Of Indian Inflation On The Economy Of Nepal Essay
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Nature and Source of Data
The present study is associated with the utilization of secondary data on Money Supply and Price
Level for the economy of Nepal. The data of concerned variables are taken from various issues of
Economic Bulletin of Nepal Rastra Bank. Quarterly data on money supply and price level ranging
from 1976Q1 to 2012Q2, a total of 143 periods have been used in the present study. The present
study has employed the data sets of money supply and price level transformed in logarithmic form
to minimize the problem of heteroscedasticity.
Besides, the present study utilizes the quarterly data of Indian wholesale price index (WPI)
transformed into logarithmic form to examine the impact of Indian inflation on Nepalese inflation.
The WPIs are taken from Reserve Bank of India (RBI).
Likewise, the present study utilizes the annual data of remittance and population growth to find the
impact of remittance on inflation of Nepal. While analyzing the impact of remittance on inflation,
the annual data of remittance and inflation as well as population growth have been employed. The
political instability is taken as dummy variable while analyzing the relationship between annual
inflation and remittance. The data for remittance are taken from Economic Survey of Nepal and data
associated with population are taken from International Monetary Fund (IMF).
Finally, the impact of anticipated money supply on price level is also analyzed by using

Changes Of Indian Economy And The Social Sectors, Poverty,...
Sectorial changes in Indian Economy with reference to Liberalization, Privatization & Globalization
post 1991 – The social sectors, Poverty and Reform Introduction
In July 1991 the new model of economic reforms in India know as Globalization, Liberalization and
Privatization started to create an economy that was the fastest building economy. This reform was
successful in terms of building the economy but as India has a diverse society the rapid growth
bought inequalities in the society. As a consequence people became opposed to the idea of
globalization, liberalization and privatization.
India lags behind in general education standard and achievement and also in health and health
improvement . These are the sectors where government ... Show more content on Helpwriting.net ...
India has a high proportion of manufacturing companies. These manufacturing companies are
generally labor concentrated and they will be labor demanding but the use of labor has been
discouraged and use of capital has been encouraged especially in the organized sector. Even in the
agricultural sector there is more of self–sufficiency crops such as sugar and edible oil than those that
require intensive farming techniques. The demand for unskilled labor has reduced over time in
India.
Poverty and Reform in the Short Run
India's stabilization was remarkably successful compared to the most other countries. "Stabilization
is unavoidable and has nowhere, not even in India, been achieved without hurting the poor people to
an extent" .
Despite the success of the devaluation some reductions in expenditure were required to create a
number of these cuts, which were in Social Services (SS) and expenditure in Rural Development
(RD). In 1991–1992 the central nominal expenditure rose by 1.5 %, 1992–1993 it rose by 17.5 %
(depending on the price index). By any measure there was a sharp fall in 1991–1992, the recovery in
1992–1993 still left real expenditure below 1990–1991 by using the consumer price index (CPI) for
industrial workers and 8 % using CPI for agricultural labors. The states, which account for regarding
80 % of SSRD, were squeezed by a fall in transfers from the center with marginal SSRD
expenditure rising by 12.7% and

Impact of Globalization on Indian Economy
Globalization is the new notion that has come to rule the world since the nineties of the last century
with the end of the cold war. The frontlines of the state with increased reliance on the market
economy and renewed belief in the private capital and assets, a process of structural alteration
encouraged by the studies and influences of the World Bank and other International organisations
have started in many of countries. Also Globalisation has brought in new avenues to developing
countries. Greater access to developed country markets and technology transfer hold out promise
improved productivity and higher living standard. Countries around the world have closer over past
few decades due to growing integration between economies. The ... Show more content on
Helpwriting.net ...
One can now unambiguously call the process of liberalization and reforms a success story. Due to its
philosophy of Gradualism in unbundling regulations and controls, and in unleashing the forces of
market mechanism, economic reforms in India have been without any traumatic after effects. Indian
model of gradualism has in fact become role model for the other emerging market economies.
India's step by step approach towards capital account convertibility has helped in skipping potholes
of volatility disturbing the normal behaviour of exchange rates. The policy has yielded rich dividend
and is now acclaimed globally. Controls on short term borrowings and capital outflows by the
residents have kept the BoP safe from destabilizing speculation which causes spiralling changes in
exchange rates. Financial liberalization in India has brought about a transformation in creating
mature financial and capital markets contributing to growth and yielding better economic returns.
Gradual global integration of the Indian financial system has produced laudable economic results
skipping the 8 trauma of change. With gradualism in economic liberalization and reforms, Indian
economy has taken a smooth trajectory into higher growth orbit of 8%. In this paper, we will analyse
the impact of globalisation on the growth of Indian economy so far. This may help us in taking
future judgements and acting upon them. It is worthwhile reminding the reader that growth and
welfare are not the same

Indian Culture : India 's Economy And Cultural Change
In India approximately ninety–five percent of the marriages are prearranged by the wives family
(Kulman). Once the Indian woman 's parents pick her husband, then his house is now hers. Women
are not allowed to make their own decisions, but they are known to be an essential part of the family
unit. This contrast is due to India 's economy and the cultural change in their societal traditions.
Women are shown to be highly "idealized" throughout Indian culture (Leonard). This statement
exemplifies that they are an important aspect to Indian society because of everything that they put
into their everyday life. It is absurd that women can be valued, yet treated so poorly by their own
families. At the spiritual level she is found to be coequal meaning she is honored and viewed as a
goddess (V. Bauer and J. Bauer). Consequently, in Indian culture women are not allowed to do
anything on their own. A woman is only allowed to visit her natal home as a guest and under any
circumstance; she will never be allowed to move into her natal home again. Some women are not
even allowed to go to the market or socialize with their friends because their husbands say no and
the women are forced to act as the husband commands. In any other society, if women were highly
valued she would be able to do anything she wants and run her own life.
Due to India's economy, it is her family 's job to come up with enough money to satisfy their
daughter 's new family with the correct dowry pay. If the wife

What Are The Impact Of Crude Oil Prices On Indian Economy

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