Looking at Tourism in India

July 28, 2011 By Leave a Comment
Lotus Temple, New Dehli, India

Image by sonjalind via Flickr

Every year, travellers set out on holidays and vacations, breathing new life into the economy of the places they visit. In India, the largest service industry is tourism. More than five million foreign visitors make their way to India annually to experience the rich culture of one of the economical giants of the world.

The impact of tourism on India’s national gross domestic product is estimated at US$275.5 billion by 2018. In fact, the World Travel and Tourism Council declares India as a travel hotspot from now until 2018.  People are not only drawn to India for cultural history, but they also travel for business, medical purposes, and sports such as the 2010 Commonwealth Games.

Medical tourism is on the rise in India. Travellers can receive high-quality treatments at a fraction of the prices they expect. Surgery costs average thirty percent lower than other well-known medical tourism destinations such as Thailand. Procedures people come to undergo include bone marrow transplants, cardiac surgery, orthopedic surgeries and liver transplants. India is best known for heart surgery. Access to leading medical technology at alluring rates is not the only place tourists spend their money on. Many people come seeking a taste of the unique culture and history India possesses.

India’s 5,000 year old history promises to deliver an unmatched travel experience to tourists.  The Taj Mahal is one of the most familiar sights of India. Millions of travellers visit the historical site each year. Other sites that draw people in include the Mahabodi Temple, skiing in Shimla, and the stunning Lotus Temple in Dehli.

Filed Under: Economic Growth, Imports & Exports Tagged With: , ,

Investing in India Worth Looking At

July 5, 2011 By Leave a Comment
Bombay Stock Exchange

Image via Wikipedia

It is no secret that India grows quickly each year. This country, with the second highest population globally, possesses a thriving world economy that is on the increase.  As India expands in the world market, windows for foreign investment open wider to those who would step inside. Here is why you should look into investing in India.

In March of this year, investment icon Warren Buffett stated he was looking to invest in economic powerhouses like India. Asian Development Bank reports that the equity market in India ranks third in the world. With about US$600 billion in market capitalization, it sits right behind China and Japan as one of the major equity markets in the Asian region. India is expected to boost economic growth by at least nine percent annually within the next ten years. India’s economy offers investors a variety of opportunities. India’s service sector forms fifty percent of its economy. Other industries include pharmaceuticals, energy and consumer goods.

Domestic industry is on the rise in India. Last July, New Delhi opened a 3 billion dollar addition to the Indira Gandhi International Airport. Terminal 3 (T3) took 37 months to complete. Prime Minister Manmohan Singh, who dedicated the new terminal, stated its creation was a global benchmark for India. India’s government has worked to strengthen its country’s infrastructure.

The Bombay Stock Exchange is the fourth largest stock exchange in Asia. It’s also the second oldest in the world, with a history dating back to the 1850′s. With a youthful demographic and a solid work ethic, the global economy will see more from India in years to come.

Filed Under: Economic Growth, Imports & Exports Tagged With: , ,

Issues and Trends in the Indian Economy

June 6, 2011 By Leave a Comment
Kamal Nath - World Economic Forum Annual Meeti...

Image by World Economic Forum via Flickr

In the past 15-20 years, India has seen some excellent growth and progression in its economic situation. Current affairs point to continued growth, and has been the second fastest rising large economy. However, there have been a few changes in the past few months that could lead to a dip and cause a struggle for those employed in this country.

It isn’t too big of a surprise that importing/exporting and automobile sales have been on the decline, since the economy worldwide is struggling and many individuals are choosing to buy locally to support their economies. Inflation in India has increased more rapidly than it has in years past, making it more difficult for families to be able to afford groceries, clothing, and other necessities. The Prime Minister of India is trying to take matters into his own hands, especially after suffering backlash from scandal, corruption among the government agencies, and contentment with the current situation. Many residents of India are frustrated with their government, who seems unwilling to make the necessary reforms in an attempt to boost the economy. Such reforms have been seen in the United States, such as tax credits for homebuyers and those who were employed for the whole year, and helped increase the amount of money received on many tax returns. However, without sufficient funds to pay for such programs, it can be difficult to upswing an economy that is spiraling downward.

There is hope that the Indian economy is simply encountering a speed bump in its growth. Some predict that it will turn around, but only time can show what the future holds for those living and working in India.

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Land Value at a Great Place

May 22, 2011 By Leave a Comment

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Land Value at a Great Place

Thanks to a difficult economy there are many changes made regarding the value of the properties across the world. This includes properties fully built and land value. While a short time ago the value of property dropped extremely low making it difficult for sellers to get what they had invested in property, the value has started a steady increase. Purchasing land today is a great way to invest money since it is not at the same rate it was recently but appears to be on the rise. This means buyers will be increasing their property value after purchase fairly quickly. Clearly this changes based on the location of the property and the marketability of it in general.

Finding the right property for your situation can be a challenge given the many obstacles you might find regarding financing today. This having been said, there are some great options available all over the world that will easily have you purchasing your next property in no time at all at a rate that is well within your range. With some basic guidelines, understanding what you are looking for and knowing what your limitations are you can easily find property that at will easily increase in value. It is a great time to invest in new property regardless of your future goals for the property. There are great properties to be had with a little research and planning ahead. Having a plan before you get started is the key to a successful hunt for the right property with the right land value for your needs. You want to be sure the property increases in value as fast as possible.

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Overview of Economic Factors

March 28, 2011 By Leave a Comment

India is believed to have one of the best economies in this century. There are many factors that go into why India has such a great economy. Here is a look at those factors and how they play a role in the economy.

Population. India’s population is growing at an alarming rate. It is believed that there will be 310 million people by 2030. This is a huge amount of growth and a large portion of why the economy is growing.

Savings Rates. India has a high personal savings record. In fact, 36% of the population saves a large portion of their money. This leads to banks being able to do very well. However, it causes a problem as personal spending can be stalled.

Poverty. There is a lot of poverty in India. A research showed that over 40% live in poverty conditions. This can lead to a down side of the economy in the country.

Corruption of Officials. There is a large mistrust of officials in India. Many people believe that they can personally bribe government or state officials. In fact over 25% of India believes that this happens on a regular daily basis.

Debts. India has taken a lot of personal debts from other countries to help them get to where they are. In fact the debt has reached a high by raising 6.8% in one year. Many Indians are fearful that their country will be lead into poverty and debt that they could never successful get out of.

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Changing Foreign Relations – The 1983 Cricket World Cup

March 16, 2011 By Leave a Comment

The Cricket world cup competition was first started in 1975, it began with eight nations who were dived into two groups. The first competition was held in England and then continued three times there until 1983. The first two world cups were won by the West Indies, however it was the third world cup which changed the world cricket scenario. During that time, the West Indies were the team to beat. It was during this competition that India came through on the heels of their young captain, Kapil Dev.

It was a tournament during which everyone thought that the West Indian team would complete their hat trick without any serious competition. However, India defeated the West Indies in the round robin stage. India really had to struggle against the other teams in the group, namely Australia and Zimbabwe. In fact in one of the matches against Zimbabwe, the BBC was on a strike but during that match Kapil Dev struck his only ODI century, a rambunctious 175 of 134 balls. It is considered one of the best ODI innings ever played and that was the match which put the Indian team on a winning note and also helped them make the semifinals.

India breezed past England in the Semifinals and faced the West Indies in the final at Lords on June 25, 1983. They batted first and scored a measly 183 runs and even then the West Indies were on route to win handsomely. However destiny had other plans and the Indians bowled out the incumbent champions for 140 runs and won the final by 43 runs. It changed the face of Indian cricket and gave a sense of pride to Indians who finally ascended to the pantheon of greats in the history of the game.

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Understanding Indian Economics: A Look at Vegetarianism

March 7, 2011 By Leave a Comment

Being vegetarian is an option most people have however most people all over the world have at one point or the other have eaten some form of meat. However, in order to understand India’s economics you need to understand that a wide portion of the country practices vegetarianism, and use it as a way of life. Understanding this will help you develop an economic sense in the country.

Amongst all the various countries wherein vegetarianism is active, India stands out like an active symbol. India or Bharat as it was called in ancient times has had vegetarianism engrained amongst the various ways of life. Since the advent of Buddhism in India, vegetarianism was given as an ethical and healthy choice of life.

Amidst the various religious outlooks present in India, most eastern oriented ones like Jainism, Buddhism and Hinduism actively take a vegetarian outlook. In fact it would be safe to assume that India would probably be the only country wherein the vegetarian number is much more so than the non- vegetarian counterparts. There has been hardly been any census poll for such a definitive answer, but if you travel through India then you are definitely reminded of this point wherein vegetarian restaurants definitely outnumber the mixed or purely non-vegetarian restaurants. Plus in India, beef and pork are even harder to find as both meat products are very much frowned upon by most Indians.

Looking back the amount of options available for vegetarians is amazing as the food products range from dry items to gravy items, from breads to wheat-flour products, from a mixture of various vegetable to just a single vegetable. Indian cuisine especially the vegetarian counterpart is something to be proud of and one which feeds the one billion plus population of India very competently and also gives the non-vegetarian eaters an option which they can exercise if they get tired of meat every once in a while.

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India’s Economics: The Development of Highways

February 16, 2011 By Leave a Comment

India got its independence from the British in 1947, however the British left one good thing for the Indians, they established a nice railways system for travel purposes. This railway system helped a lot of Indians in their travels as the roadways were not developed and at that time cars were not the primary means of transportation in India.

It’s only since the 1950s that the number of vehicles in India slowly started increasing. Many of the roadways connecting cities were mostly single lane roads and if you were really lucky two lane highways. Often you would find roadways full of potholes, dirt and partially constructed. This slowly started changing since the late 1970s and in the early 1980s. They were now being made of concrete and the number of lanes is also being increased to accommodate the growing number of cars in India.

It was during the late nineties that a thoroughly courageous plan was thought of, the plan was called “The Golden Quadrilateral Project”. It was supposed to be a massive undertaking connecting the four major cities of New Delhi, Kolkata, Chennai and Mumbai. It will be a four/six highway totaling a massive distance of 5,846 km (3,633 mi). This project is currently underway and there are hopes to be completed in the next six to seven years. These highways will be a massive advantage for people who love to travel by car and will of course do a lot for the interior areas whose population will find their commutes to the larger urban areas a bit easier as well. Once completed this highway will make travelling amongst all parts of India that much easier to a populace who love travelling and would now have excellent options to choose from.

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Indian economics journal: Designing successful websites

January 25, 2011 By Leave a Comment

Online networking has simplified several aspects of living standards including the business techniques. The market place has been left open for everybody belonging to different cultures, civilizations and societies. Website designing is a developing field with loads of future growth options available. With the advent of rising technological features, it has become possible to get your website designed by somebody who is sitting in a different country. It is a business prompted move and has multiple benefits to it. A developing nation like India would always offer more to its clientele in comparison to the established industries of the developed world. The reason is simple here because it has to compete with the very best. They must put a brave show given the condition that quality standards should not dip at any point. The results would be guaranteed by following high-end quality instructions. Indian economics journal has verified and inspected the kind of mark made by web designing agencies working in the country.

It is bringing new investors to the country as websites have become mandatory for almost every type of business to be done online. Indian web designing companies know it for a fact that once they start delivering on results, it would be easy to build a strong base with word of mouth spreading around working in its favor. Indian economics journal addresses the subject with a view to make permanent impact on the foreign investors. There should be customized services made available to all. These web designing management executives should understand the needs of the targeted audience first. The next step is to design images and colors in combination with commercial values of the product so as to make an instant impression on the audience. It is rightly said that web designs can propel or push the sales factor to unimaginable figures.

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