Impact on Indian Economy - 787 Words

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†¦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 companiesShow MoreRelatedImpact of Globalization on Indian Economy1572 Words   |  7 PagesGlobalization 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. GreaterRead MoreImpact of Tourism on Indian Economy1649 Words   |  7 PagesMarket Survey By: Dr C. VETHIrAJAN IMPACT OF TOURISM ON INDIAN ECONOMY Tourism can generate maximum employment opportunity because of a large number of subsidiary industries. September 2008 and a 3.3 per cent growth in passenger traffic through September. The negative trend intensified during 2009, exacerbated in some countries due to the outbreak of the AH1N1 influenza virus, resulting in a worldwide decline of 4 per cent in 2009 to 880 million international tourist arrivals, and an estimatedRead MoreThe Impact Of Demonetization On Indian Economy1165 Words   |  5 PagesThe 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, counterfeitingRead MoreImpact of Fii on Indian Economy5988 Words   |  24 Pagesaccumulation. Though, despite this shortage of investment, these countries have developed a strong urge for industrialization and economic development. As we know the need for Foreign capital arises due to shortage from domestic side and other reasons. Indian economy has experienced the problem of capital in many instances. While planning to start the steel companies under government control, due to shortage of resources it has taken the aid of foreign countries. Likewise we have received aid from Russia,Read MoreWto and Its Impact on Indian Economy11045 Words   |  45 PagesWTO AND IMPACT ON INDIAN INDUSTRY INTRODUCTION India is a founder member of the General Agreement on Tariffs and Trade (GATT) 1947 and its successor, the World Trade Organization (WTO), which came into effect on 1.1.95 after the conclusion of the Uruguay Round (UR) of Multilateral Trade Negotiations. India’s participation in an increasingly rule based system in the governance of international trade is to ensure more stability and predictability, which ultimately would lead to more trade and prosperityRead MoreBanks Npa Impact on Indian Economy1678 Words   |  7 PagesBanks NPA and Impact on Indian Economy Introduction:-  A well organized and efficient banking system is a pre-requisite for economic growth. Banks play an important role in the functioning of organized money market. in order to meet the banking needs of various sections of the society, a large network of bank branches has been established. There are four type of banking institutions.    a-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Commercial Banks b-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Regional Rural Banks c-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Co-operative Banks d-  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Development Banks (TermRead MoreImpact of Globalization on Indian Economy- an Overview4375 Words   |  18 PagesIntroduction 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 1991Read MoreThe Impact Of Indian Inflation On The Economy Of Nepal Essay2594 Words   |  11 PagesLevel 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 wholesaleRead MoreWhat Are The Impact Of Crude Oil Prices On Indian Economy774 Words   |  4 PagesCurde 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 enormouslyRead MoreOverview and Challenges of Indian Gaming in San Diego763 Words   |  3 Pagesnot only survive, but also thrive. Indian gaming is one means that has been a source of great income and prosperity for Native American tribes in the San Diego region. Although the economic impact of gaming has been very positive, critics of legalizing and regulating such casinos have expressed concerns regarding potentially negative impacts. While Indian gaming in San Diego has positive impacts for the economy and upliftment of Indian tribes, negative impacts could relate to industry monopolization