Essays on Indian Economy

The recent amendments made by Government of India according to which about from 51% foreign direct investments (FDI) in single brand retail changed to 100% FDI in single brand retail trading through automatic route. So the question arises exactly what is this change and how...

Likewise, a depreciating rupee makes exports cheaper and imports expensive. So, it is good news for industries such as IT, textiles, hotels and tourism which generate income mainly from exporting their products or services. Rupee depreciation makes Indian goods and services cheaper for overseas buyers,...

What is demonetization? On 8th November 2016, Government of India had announced that from today onwards 500 and 1000 rupee notes will be a void currency. Around 86% of total Indian currency is in the form of 500 and 1000 rupee notes and a step...

Recession means when the economy of a country falls, and some undesirable situations also occurred due to recession. These causes down fall in employment rate, fall in wages rate, and fall in retail price. Recession may be occurred for two months four months but not...

For policymakers trying to assess the impact of exchange rate movements on the real economy, these results provide various important insights. Firstly, the short-run impact of a real depreciation on firm’s output growth is likely to be negative since it is the import cost channel...

The Pradhan Mantri Jan Dhan Yojana (PMJDY) – Prime Minister Narendra Modi’s flagship financial scheme – has led to the opening of nearly 29.6 crore accounts in the last three years, 17.7 crore of which are in rural areas and 11.9 crore in urban areas....

Credit control is absignificant tool used by Reserve Bank of India. It is an important weapon of the monetary policy used to control demand and supply of money which is also termed as liquidity in the economy. Administers of the Central Bank control over the...

Foreign direct investment (FDI) is considered to be the lifeblood of economic development, especially for a developing country like India. It plays an important role in the long-run development of a country not only as a source of capital, but also for enhancing competitiveness of...

For sure, notwithstanding following 60 years of versatility, a gigantic territory of Indian individuals still remains unbanked. In the late years, the regulating body and Reserve Bank of India has been pushing the thought and thought of cash related join. The cash related hardening setup...

Remittances – The principal focus with respect to the economic effects of Diaspora on the country of origin has been on their substantial financial contributions through remittances – private transfers from migrants to their families. According to the World Bank remittances can (i) reduce recipient...

With nearly 47 Million internet users and a GDP rate of 6-7 percent, India represents a digital economy. India has proved to be the biggest market potential for global players. This digital revolution is expected to generate new market growth opportunities, jobs and become the...

Goods and Services Tax (GST) is an indirect tax levied in India on the sale of goods and services. Goods and services are divided into five tax slabs for collection of tax – 0%, 5%, 12%,18% and 28%. Petroleum products and alcoholic drinks are taxed...

Davos: Released hours before the start of World Economic Forum Annual Meeting on Tuesday, Oxfam survey revealed that the richest 1% in India cornered 73% of the wealth generated in the country in 2017-18. Additionally, the poorest half of the Indian population, amounting to approximately...

The study highlights the importance of capital budgeting. Capital Budgeting, mostly defined as a decision-making process that enable manager to estimate and identify projects that are valuable to the company, is usually the dominant task facing any financial manager and his/her team. It is the...

Learning Outcomes There was a lot of learning in the training there is a lot more to learn than what was imparted during the training. Indian Finance Market is very competitive and requires learning and reading every day to know what is going on in...

Foreign Institutional Investors (FII) in India Foreign investment refers to the investments made by the residents of a country in the financial assets and production process of another country. For example – an investor from USA invests in the equity stock of HDFC Bank (an...

One of the important purposes of implementing GST is to improve export competitiveness but exporters are complaining that their competiveness is being hurt due to the delays in processing tax refunds that has got the funds of exporters locked up. Due to technical glitches among...

Use of Aadhaar Number Establishing identity: (Sections 4, 6, and 57) The Aadhaar number can be used by the government or private agency to validate a person’s identity for any lawful purpose, but it cannot be used as a proof of citizenship. The Act allows...

India, officially the Republic of India (Bharat Ga?arajya),[e] is a country in South Asia. It is the seventh-largest country by area, the second-most populous country (with over 1.2 billion people), and the most populous democracy in the world. It is bounded by the Indian Ocean...