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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

Can you hear me now?

December 7, 2010 By admin Leave a Comment

When many sectors slowed down due to global financial downturn, the Indian telecom industry has recorded a steady growth. In reality, it has been one of the major contributors to the growth of the Indian economy. The Indian telecom has the best penetration into the consumer market, covering both rural and urban India with unbeatable low tariffs, in turn contributing to the economic growth. In the year 2009, cell phone companies switched from per minute billing to per second billing and that says about the competitiveness in the mobile sector.

Half the people in India may not have proper sanitization, but still owns a mobile phone. A more accurate data reveals around 545 million people have mobile connection, and roughly 366 million people do not have proper toilet. Yet, the statistics or the real situation has not stopped her from becoming the largest mobile service provider, second only to China. The cell phone industry has changed the face of India. It has transformed the way people speak, and connect. From finding a job to hearing astrological predictions, from finding a house to paying your monthly bills, mobile technology has changed the way Indians talk, breathe and move.

In February 2010 alone there were 20 million new mobile connections. Even in rural India where there is not much money seen, mobile phones have come to be a permanent object in their hands.

The entry of 3G and WIMAX technologies opened opportunities in terms of employment and also with respect to bringing home revenues.

The rapid growth of the telecom industry has helped in contributing to the growth of India GDP. By 2010, there are 612 million people expected to get mobile subscriptions accounting for 51% Indian economic growth rate. It is expected to generate revenues close to USD 43 billion by the end of this year. And, that is no tall order for such a ubiquitous industry. Once this sort of revenue is generated in the industry, the Indian telecom sector will vie with Mexico which has produced one of the richest men in the world, the indomitable Carlos Slim Helu.

Filed Under: Imports & Exports Tagged With: 3G, China, Economic growth, Gross domestic product, India, Indias-economy., Mobile phone, Technology

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

Reasons for India

December 4, 2010 By admin Leave a Comment

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There are times when you have to take your personal income up a step. Times when you have to do and expect more from yourself. Times when you need to make your money work for you. One of the easiest ways to do that is through investing in the foreign markets. Many people out there are already investing in Europe because of their familiarity with the countries and it’s growing global presence, however, investing in India might be a better bet and one that could line your pockets with a lot more money. This isn’t to say that investing elsewhere doesn’t make sense, because there are a lot of markets that would make a wise investment, but India might be a smarter move than most people think.

The first reason is that India is not the market that people think it is. While there is poverty in India, as there is in all other countries, there is also a pocket of the country that holds the keys to incredible wealth. It’s a better economy than you would think.
India is a country that is known for manufacturing and outsourcing of business tasks like efile income tax. Outsourcing jobs of call centers as well as factory plants are problems for other countries, but it could be the key to your own financial gain. India is reaping the benefits of a prime economic situation for big businesses looking to provide cheaper non-location based services in other countries. Because of that, there may be a reason to start pushing your money into that economy. There are a lot of sound investments you can make and you’ll want to research them all, but India is a good place to start.

Filed Under: Economic Growth Tagged With: China, India, Market

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

Indian Economics: Strength Through Diversity

November 5, 2010 By admin Leave a Comment

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Variety is vital to both life and the economy. There can be no success without it, with a nation doomed to purely insular trading, unable to appeal to the rest of the world. There must be an offering of multiple selections instead – each meant to ensure resources are exchanged evenly and are countered then with the necessary returns. A free market is only as strong as the products being given to it. And India has allowed those products to be diverse.

The Indian economy is shaped to an impressive selection – few countries within the world can match its high Arcadian and urban standards. And because of this it has become one of the most dominating influences within the market today. As of 2010, it waits only behind three other nations (the United States, China and Japan) in its collective abilities. And this rise to power has been made possible though its many offerings:

One: Agricultural. Providing over 40 percent of the country’s income, agricultural efforts have branded India a force to be recognized. They offer the greatest selections of tobacco, bananas, sugar, cotton and cattle. Through this the farmlands have all been developed into modern efficiencies.

Two: Outsourced Businesses. Stimulating one third of India’s economy are outsourced industries. These – most commonly found in the technical positions – have produced a surge of funds throughout the country. Billions of dollars have been generated, ensuring that the market is always steady.

Three: Petroleum. Few resources are more highly craved than petroleum; and India not only purchases millions of barrels a day (branding it one of the most valued importers) but it also contains the largest known refining service. This allows it to hold a unique position within the world.

The purpose of any economy is to be strengthened through the efforts of a nation – and India has proven those efforts worthy.

Filed Under: Economic Growth Tagged With: Business, China, India, Japan, Mohandas Karamchand Gandhi, Nuclear Non-Proliferation Treaty, United Nations Security Council, United States

Foreign Direct Investments: Indian Economics

October 24, 2010 By admin Leave a Comment

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The notion of countries trading wares and services is not uncommon. The world has seen an increase in such processes, with borders blurring and financial markets becoming entwined. Economic success is no longer deemed an isolated thing. It is instead the product of much compromise – and nations place their trust (and dollars) in each other, taking advantage of resources and laborers.

In recent years, however, India has become a considerable recipient of such progress. With its vast miles, abundant agricultural possibilities and impressive population (second only to China and capable of supporting any potential business), it has been chosen as an industrial destination – with countless countries seeking to reap its many rewards.

This is known as foreign direct investments and should be understood by all; if only since its relevance is quickly rising among the global economy.

Defined simply: foreign direct investments are the efforts between two individual countries, relating to their participation with labor, expertise and profits. This is most commonly seen within the process of outsourcing. Companies will transfer certain positions overseas, finding the benefit of specialized help and lower costs. They then in turn provide a guarantee of jobs and increased benefits to employers.

It is a symbiotic relationship and assists in stimulating productivity. Indian economics is now defined to it, ranking second in the world for outside investments (only China receives more as of 2010 and this is expected to change within the following decades). Billions of dollars each year are generated through the cooperation of differing nations – and this has secured the market, allowing it to grow beyond any assumption.

Foreign direct investments contribute to one third of India’s economy. This is an impressive percentage that is predicted to increase throughout the impending years. The advantages of choosing this country are simply too well known within the world. A decrease is the most unlikely of scenarios.

Filed Under: Economic Growth Tagged With: Asia, Business, China, Economy of India, Foreign direct investment, India, Investment, United States