Essays on Indian Economy

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...

The advent of advanced technology has given rise to newer channels for businesses across several sectors. This is particularly true for B2B e-commerce firms focused on the Indian SME sector. Further, innovative technological platforms are making possible in bringing on board many small players including...

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)...

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...

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...

There are key differences in how the Indian economy has fared during Prime Minister Narendra Modi’s three years in office and that of his predecessor Dr. Manmohan Singh. Taking some of these variables like GDP, inflation, etc. the article tends to draw differences between the...

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...

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...

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...

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...

India’s Foreign Exchange reserves recently crossed US$400 billion for the first time in its history in November 2017. Forex reserves is money or other assets held by a central bank of respective country or other monetary authority so that it can pay if need be...

The year 2017 was defining in many ways for the country’s economy. Optimistic outlook towards the business environment has seen more participation from businesses in. This has been validated by the government’s definitive push to bring manufacturing services and output to the forefront. The role...

Nationalisation of financial institutions RBI, the leader of the financial system, was established as a private institution in 1935. It was nationalized in 1949. This was followed by the nationalisation of the Imperial bank of India. One of the important milestones in the economic growth...

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 state of Jammu and Kashmir is the northern hilly state of India. It lies between Latitude 32°17’ and 37°05’ north and longitude 72°31’ and 80°20’ east. The state of Jammu and Kashmir has a geographical area of 222, 236 sq. km. The Jammu and...

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...

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...

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...

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...

On January 2, Finance Minister Arun Jaitley said that the government has entered unchartered 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...

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...

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...

During the presentation of the country’s budget plan for the year 2018, Indian’s Finance Minister, Arun Jaitley, stated that the country will not accept cryptocurrencies as a legal tender or a method of payment. During the budget speech, Mr Arun Jaitley stated that, “The government...

Rupee appreciation makes imports cheaper and exports more expensive. According to intelligence reports by the Associated Chambers of Commerce and Industry of India, sectors like petroleum and petroleum products, drugs and pharmaceuticals and engineering goods – which have import inputs of as much as 77...

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...

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...

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...

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...

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....

The move by the government to demonetize Rs.500 and Rs.1000 notes by replacing them with new Rs.500 and Rs.2000 notes has taken the country with surprise. The government is to tackle the menace of black money, corruption, terror funding and fake currency. From a market...