Asia

Industries and Investment in the Economy in India

June 8, 2011 By admin Leave a Comment

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The population of India is estimated at over 1 billion, and continues to grow every year. It has the third largest economy in Asia, and has plenty of industries that help push the growth. There have been reforms put into place over the last twenty years, which have helped the country to become more prominent in importing and exporting, and other forms of overseas business.

More than 10% of those employed work in industrial fields, and these include manufacturing and production of textiles. This industry was part of the reform, which was altered by reducing costs of the factories in order to sell the materials at a lower cost and stay competitive with the materials produced in China and other nearby countries. Another sector of business in which India’s economy has grown drastically over the years is process outsourcing for large companies which are often located in the United States. Since many residents of India are fluent in English, they are able to telecommute and answer calls for customer service, tech support, and other similar service industries. In fact, seven of the large firms located in India make up almost half of the top fifteen outsourcing companies across the globe. India also produces a good amount of agriculture, including logging, fishing, and forestry. Investment is increasing as banks become more stable and secure, which was also part of the economic reform.

India’s growth rate is approximately 7% on average, and has greatly reduced the amount of poverty among its residents over the years. The main industries continue to grow, which has given more individuals the opportunity to have stable employment and provide for their families.

Filed Under: Business Culture Tagged With: Asia, China, India

Current Affairs – India

June 2, 2011 By admin Leave a Comment

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India’s economy has gone through some ups and downs throughout the past few years, as it has grown to the third largest in Asia. There are beautiful buildings and hotels within its cities, appealing to tourists and visitors, as well as fancy car dealerships and high rise office buildings lining the streets. However, there is a great divide among the very rich and very poor in India, which makes it difficult to have a society that is on equal footing.

It is interesting to note the stark differences among those residing in India; in 2010, it was estimated that the economy grew more than 8%, but the investment rate dropped by over 30%. The restrictions on business make it very difficult to start a company; certain cities require as many as 37 licenses obtained over seven months in order to open a warehouse. Even once it has been properly built, it can be difficult for trucks and workers to get to the doors due to rough and crowded roads, limited water, and power outages. While on the other hand, businesspeople are hopeful that it will rise to be one of the strongest economies within the next twenty years. Before this can happen, however, India will need to find some level ground among its residents. This may require assistance from the government, but the political scene has been writhe with scandal and corruption.

Once India is able to strengthen its monetary system, those who are returning to the country and investing in local businesses can help increase the stability of the economy. This might mean a very promising future for those residing in the beautiful country.

Filed Under: Industries Tagged With: Asia, China, India

The Educational Backbone of India

December 20, 2010 By admin Leave a Comment

Just after its independence in 1947, the officers in charge of the Indian Government realized that in order to move the country forward, and avoid the risk of economic failure, it would have to develop a solid base in a new education system. The insightful leaders recognized the potential in the field of technical engineering and the country was subsequently steered towards a very providential future.

This inspired mindset has been one of the sources behind the fast economic rise of this nation today. With the education now available in India, the country is moving toward a more competitive and prosperous economy as droves of newly trained students and workers flood the nation.
This boost to the workforce system has led to the production of a large number of educational institutes that can compete with any in the world. With a large focus on technological education to bring the country up to worldwide par, coupled with the considerable knowledge of the English language throughout the country, India is now recognized by other countries as a profitable area for outsourced work.

It has been widely noted that India’s improved education system has been a main contributor to the economic rise of the nation. They continue to flourish in other areas as well, now that their educational backbone is steadily in place. In an effort to educate the women of India, various educational institutes have been set up specifically for their use.

As India continues to climb the economic ladder, other third world countries would be wise to follow their example to set up a solid educational background. An uneducated society cannot expect to escape economic mediocrity until they embrace quality education for its entire population. The powers in India have certainly grasped this principle, and are steadily moving forward with a strong backbone in place for the future.

Filed Under: Workforce Tagged With: Asia, Education

Challenges of the current Indian economy

December 8, 2010 By admin Leave a Comment

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The year 2010 showed an optimistic beginning for the Indian economy. 2009 ended with 18.5% growth rate in the manufacturing sector, which was the highest in the last twenty years. The anti-crisis measures that India took as a counter step for the financial downturn proved her resilience. The economic forecast for the current year and future is promising. But this optimism is halted by the challenges that are imposing on the Indian economy.

In the budget of 2010-11, the financial minister has outlined three main challenges that the present Indian economy faces. The first challenge is to get India back on the right track of growing GDP. The target is to reach at least the 9% growth rate, so that achieving double-digit number GDP will seem real and feasible. The second concern that India has to tackle is to bring about a more inclusive government wherein no individual or community is denied an opportunity for growth, and where everyone gets the growth benefits. The third challenge, and the most difficult one perhaps is to address government loopholes at different strata, to improve public services, and to perk up delivery mechanisms.

Other than these challenges, of course there is inflation always threatening to bring the Indian economy down. Food price rise due to failed monsoon, gas, petrol and diesel price hike result in an economic spiraling effect.

All these challenges call for a change in the reform policies. The immediate step that India has to take in order to fight these challenges is to consolidate its growth. There is an urgent need for appraisal of public spending, and to mobilize resources so that it can bring about economic productivity. The stable government and its continued steady performance, and the high domestic savings and investments in the recent years are indications of the growing Indian economy.

Filed Under: Economic Growth Tagged With: Asia, Business and Economy, Economy, Economy of India, Government, Gross domestic product, India, Inflation

Keeping up With Indian Economics From Home

December 5, 2010 By admin Leave a Comment

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If you’re interested in economics, particularly in India, you can keep up with what’s taking place right from the comfort of your own home. You don’t have to go out into the world to know what’s taking place in it, and you don’t even have to leave in India to keep track of the things that are going on in its economy. If you don’t have a good computer, though, you can have trouble staying up with those kinds of things, because the Internet is the best place to get good information.

Make sure your computer and Internet provider are capable of handling all that you want to do. You may need to get a faster Internet speed, update drivers, download a new program, or make other changes to get what you’re looking for, but you can certainly find the information that you want about the Indian economy. Also, keep in mind that there are many sources of information and that some of them are more legitimate than others. If you aren’t sure about the source you’re getting your information from, it’s a very good idea to check with other sources so you get the entire story.

That’s especially true if you have a business that will be affected by the Indian economy or if you’re thinking of investing in it. You don’t want to end up losing money because you’re not paying enough attention to the kind of information you’re getting and where it’s coming from. Even one bad investment or business decision can be quite costly, so be sure that you know what you’re doing and that you get an advisor to help you if you need it. That way, you’ll be able to make the right choices, learn what you need to about the Indian economy, and be better-prepared to move your business and investments forward.

Filed Under: Imports & Exports Tagged With: Asia, Business and Economy, Economic growth, Economy of India, Government of India, India, Investment, Manmohan Singh

India Vs. Chinese economies

December 4, 2010 By admin Leave a Comment

Even from a historical point of view the Chinese economy has proved its mettle against India time and again. While India had almost 200 years of British suppression to blame for its lagging economy, China on the other hand has always been its own master in planning and implementing its economic policies. The British vacated only after draining all of India resources, whereas the Chinese had its natural and human resourced intact, making it an economic superpower far quickly in the game.

Consider this. China is the third largest economy with respect to exchange rates, and India holds the 12th position. China has an average 7.8 trillion GDP, while India shows 1.2 trillion GDP and the per capita GDP of China is $6,100, while that of India is $1016. So, where does the difference lie?

There are many factors that have given the Chinese economy a winning streak. For instance, both China and India are basically an agricultural land. And yet, while India is still weighed down by traditional and outdated methods of cultivation, the Chinese have successful incorporated technological innovations into their agricultural methods. As a result, the quality and quantity of the produce is very high. Another difference that has resulted in China better economy is the liberalization policies. It was more than 10 years after China had brought in the privatization and globalization policies that India woke up to its own liberalization. By which time, China had increased her GDP considerably by welcoming foreign and private investments.

Then another point of difference is India still does not have an infrastructure that she can boast of, although she is on par with her neighbor in manpower. China communication, health care facilities, civic amenities etc., which have a positive impact on its economy are much better than India. But, India is showing promising indications. Her resilient nature, standing her ground during the financial fall out has made the world look up to her. Between China and India, the latter has emerged far less hurt due to financial downturn.

Filed Under: Business Culture Tagged With: Asia, Business and Economy, China, Chinaâ, Economy of the People's Republic of China, Gross domestic product, Health care, India

Populace, Production: Indian Economics

November 25, 2010 By admin Leave a Comment

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There is one simple rule of finance, one truth that must be remembered – there can be no economy without a populace to guide it. The world of profits and dollars will crumble without the masses (unable to sustain itself, unable to even try). Men must offer themselves instead to the market; stimulating it with their efforts, their time. And this has inspired the belief that nations with waning populations will soon fall, unable to meet the demands of money. Those with always evolving numbers, however, are poised instead to rise. Their relief will be in their workers and their countries will be transformed into successes.

And this has led Indian economics to become one of the most anticipated processes throughout the world. With its spectacular climb through the financial hierarchy, it has defined itself to great potential – and this must be attributed to its impressive population.

Through this a wealth of rewards has been achieved:

One: Stronger workforce. The purpose of any market is to be filled with goods and services. These cannot be offered, however, with a dwindling public. India does not suffer from such an affliction. It is among the most densely populated countries in the world, resting only behind China.

Two: Job stimulation. When there is an abundance of employees, there must then be an abundance of positions for them to take. Government programs have been initiated to generate placements and create jobs – which offers a more reliable economy.

Three: Experts available. No market can survive without the knowledge – and experience – of those who are specialists within their fields. With such a massive amount of workers available, the chances for finding these specialists increases dramatically. There can be the selection of the best, rather than the convenient. And this helps to brand efforts worthy and wanted by the public.

The numbers do not deceive – their success is instead proven again and again.

Filed Under: Economic Growth Tagged With: Asia, Business, Business and Economy, China, Economic, Economy of India, India, United States

The Agricultural Movement: Indian Economics

November 23, 2010 By admin Leave a Comment

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The world is shaped to weakening resources, the obscuring of horizon lines in the wake of modern progress – cities have consumed all of their once precious miles, replacing earth to stone, churning water into electricity. The consequence has been a force of imports, a seek of open air and untouched boundaries. The most powerful nations are dependent now on those once deemed lacking in all finance or potential; and the balance of an economy is beginning to shift because of it. Money is being exchanged for agriculture. Reputations are being formed in the trade of oil and forestry. And India is rising to an undeniable presence among all countries.

The principles of Indian economics are easily defined: they are settled happily within a free market, allowing for quick exchanges of resources between foreign lands, the bartering of Arcadian needs for wealth. No other nation in the world can match this – and such a claim has many confused. Surely there are continents that can meet these high standards? Surely there are cities that can generate the necessary agriculture?

There aren’t.

India is the seventh largest land mass – and this translates to an abundance of natural resources. Forests, farmlands and more are found in excess there; which allows exporting to be a simple thing. The country is ranked among the world’s most influential traders. Its production of wheat, timber, dairy products and tobacco are found consistently at the top of the economic chain. Few can even attempt to rival the quantities that can be provided – and the majority do not even try. They instead seek to use these resources to soothe the strain their own populations are feeling.

It is a vital exchange and India is profiting from it. With the coupling of their always expanding population and the output of agricultural, they have become a dominating force. And this should only continue throughout the years to come.

Filed Under: Economic Growth Tagged With: Agriculture, Asia, Barack Obama, Economic, India, Middle East, United Nations Security Council, United States

The Company Effect: Indian Economics

November 20, 2010 By admin Leave a Comment

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It was a time of civil unrest, a collection of famine and constant war: the nation of India was no longer able to claim its borders as its own. It was instead defined to British rule, overwhelmed by the arrival of uncompromising soldiers and their dangerous financial strategies. The nation was overwhelmed, its natural resources stripped away, its populace burdened by too heavy taxation. The decades crawled by, with each day revealing new concerns. Villages were lost; the masses were decimated; and an entire trade history was rewritten to accommodate those who had no understanding of it – only a desire to force it to support their needs.

The country tumbled to near oblivion, unable to sustain these demands; and, when a century had finally passed and yielded change (the return of India to its own people with the rebellion of 1857), there seemed no chance for resurrecting hope or the economy. Both were deemed shattered. The effects of colonization had taken a drastic toll on all – and there was a certainty that this would forever remain.

It almost did.

The nation suffered throughout the ninetieth and twentieth centuries. Its infrastructure had been almost irrevocably damaged by the strain of the British invasion. With the arrival of the East India Company (a gathering of supposed economists, who snatched all gold and silver for England), there was a devastating change within trade and local markets. Money became an almost forgotten resource; and the impact was felt throughout the years.

It was not until the declaration of a free market in 1991 that this impact was finally lessened. With the reinvention of India (led by then Prime Minister Narasimha Rao), there were sparks of life among a once dying country. Exporting increased; imports were freed from their restraints; and government reforms helped to generate revenue. The colonial effect was still recognized but was able to be tamed.

And, as of 2010, it has almost been conquered.

Filed Under: Economic Growth Tagged With: Asia, British Raj, East India Company, England, History, India, South Asia, United States

The Impact of History: Indian Economics

November 12, 2010 By admin Leave a Comment

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The present days are forever defined by the ones that came before: the world is an echo of its past deeds, the revelations that shifted slowly into modern certainty. There can be no element of life that remains untouched by change; and the economy is no different. It is an always evolving experiment – an exercise in funds and philosophy. It reflects both the wealth of each individual country, as well as their social reforms and political upheavals. The tribulations of a nation determine the abundance (or subsequent failings) of its markets.

And Indian economics is proof of this.

There have been few countries that have experienced the rapid changes of power and policies more than India has. Throughout the centuries it has been warred over by foreign influences, was a catalyst for the Age of Discovery, was forced to submit to colonial rule (where it became a victim of greed and a lacking concern), nearly crippled itself through insular planning and rose finally to become an independent economy. The decades have been frantic – if not also a little unsure. History has marked the area as one of the most remarkable, as well as one of the most resilient.

Since the beginnings of noted time within the east (from 2800 BC), India has been an undeniable force within the world. Its seemingly infinite collections of natural resources, willing populations and ideal proximity to trade routes branded it an early necessity. These were the rewards of the early years – but those same rewards eventually sparked conflict, inner-turmoil and a near destruction of the entire financial system. It is only within the recent decades that the country has managed to reinvent itself.

And such reinvention will be recorded for the years to come: offering explanations of free markets, strengthened employment rates and a rise in profits. Indian economics is changing – as it always has.

Filed Under: Economic Growth Tagged With: Age of Discovery, Asia, Barack Obama, India, New Delhi, Social Science, United Nations Security Council, United States