Essays on Indian Economy

Trade has positive impacts on economic growth of the economy so the focus of governments always has been to boost exports and explore markets for the locally produced goods to obtain higher levels of economic growth. Despite the global meltdown, India should steady growth in...

Cashless India is a mission launched by the Government of India led by Prime Minister Narendra Modi to lower the dependency of Indian economy on cash and to bring hoards of stashed black money lying unused into the banking system. The country commence upon this...

The Indian market has developed from only Rs. 2.7 lakh crore to Rs 57 lakh crore which makes it the entire world’s sixth-largest market by GDP and the third-largest by purchasing power parity (PPP). The nation ranks 141st in per capita GDP and also 123rd...

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...

India is considered as the fourth largest pharmaceutical producer by volume and as the thirteenth largest by value. At the meantime, the country is also a major drug exporter and huge supplier across the globe in which its generic production is transported widely and is...

Narashima committee established regional rural banks according the needs of the rural area, the committee thought that RRB would be much better for the rural population than commercial banks or any other commercial banks. considering all the above the government decide to pas regional rural...

The Indian financial system can be broadly classified into the formal (organized) financial system and the informal (unorganized) financial system. The formal financial system comes under the purview of the Ministry of Finance (MOF) Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI)...

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...

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...

India has witnessed a rapid increase in inequality beginning from the 1980s, with the top 1% of the population cornering as much as 22% of the national income. The share of national income accruing to the top 1% of income earners is at its highest...

The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 percent of the country’s Gross Domestic Product (GDP). The Two Wheelers segment with an 80 percent market share is the leader of the Indian Automobile market owing to...

Project objectives To identify and understand the barriers for growth of Micro insurance sector in India. To study the role and importance of Micro insurance as a Rural Development Initiative. Keywords: The keywords used are “Micro insurance”, “Rural development in India”, “Microfinance”, “Barriers and Challenges...

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 Indian Bank). FII don’t directly invest...

Indian economy had experienced major policy changes since the 1990s. The new economic reform, popularly known as, Liberalization, Privatization, and Globalization (LPG model) aimed at making the Indian economy as the fastest growing economy and globally competitive. The series of actions undertaken with respect to...

Patent documents are techno-legal documents which contain scientific and technical details of the invention and more specifically claims to identify the scope of the invention sought for protection. According to the Patents Act, a patent application must disclose detailed information with regards to the invention...

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...

In 1947, as India gained independence from British colonial empire, the level of agriculture mechanization was low. The socialist oriented five-year plans of the 1950s and “60s aggressively promoted rural mechanisation via joint ventures and tie-ups between local industrialists and international tractor manufacturers. Despite these...

State bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is the largest commercial bank in India in terms of assets, deposits, branches, customers and employees. It is a government owned corporation with its headquarters in Mumbai, Maharashtra....

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...

Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. Globalization can be thought of to be the result of the opening up of the global economy and the concomitant increase in trade between nations. In...

On January 2, Finance Minister Arun Jaitley said that the government has entered illegal territory as far as the Bankruptcy and Insolvency Code is concerned and would continue to modify the law dealing with the issue. “Insolvency and bankruptcy is an area in which it...

An internship is on-the-job training for many professional jobs, similar to an apprenticeship, more often taken up by college and university students during his undergraduate or master degree in their free time to supplement their formal education and expose them to the world of work....

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...

The word of taxation is obtained from Latin word, which is ‘taxare’ with the meaning of to estimate. Tax is not voluntary payment or donation, but it is an enforced contribution by government while we become a citizen in one country. In this life, we...

North Bihar Report As one of the poorest regions in India according to the GDP of the other states, Bihar is not in a very good state economically. An economy primarily focusing on agriculture as well as service, there is also the troubles of slavery...

HDFC Products HDFC Bank caters to the banking requirements of every individual by offering a host of products and services. The following products and services are offered by the bank under its Retail Banking Solution: Accounts & Deposits: Under this head, the HDFC Bank offers...

In the Indian economy, small-scale industries occupy an important place, because of their employment potential and their contribution to total industrial output and exports. The government of India has taken a number of steps to promote them. However, with the recent measures, a small-scale industry...

The report gives the idea of how the nationalism and the protectionism can affect the positive and negative well being of the country. This happened post the financial crisis of 2008 in USA. The report gives brief idea about the advent of Global financial crisis...

The Indian Textile Industry is a major contributor to the economy as it contributes roughly around 12 percent of the GDP of the country. It is one of the oldest contributors to the economy and is the second largest contributor, right after agriculture. The Indian...

Introduction State bank of India is greatest, one prepared business Bank in India, in nearness for more than 200 years. Bank gives a full extent of corporate, business, retail keeping cash benefits. It has greatest branch, ATM orchestrate spread each side of India. SBI normal...