...Macroeconomic Picture of Agriculture sector in Indian Economy Theodore Schultz began his acceptance speech for the 1979 Nobel Prize in Economics observing: “Most of the people in the world are poor, so if we knew the economics of being poor we would know much of the economics that really matters. Most of the world's poor people earn their living from agriculture, so if we knew the economics of agriculture we would know much of the economics of being poor” (Shultz, 1979). Existing empirical evidence on the impact of macroeconomic variables on agriculture remains mixed and inconclusive. This paper re-examines the dynamic relationship between monetary policy variables and agricultural prices using alternative vector auto regression (VAR) type model specifications. Directed acyclic graph theory is proposed as an alternative modeling approach to supplement existing modeling methods. Similar to results in other studies, this study Â’s findings show that over the time period analyzed (1975–2000), changes to money supply as a monetary policy tool had little or no impact on agricultural prices. The primary macroeconomic policy instrument that affects agricultural prices is the exchange rate, which is shown to be directly linked to interest rate, a source of monetary policy shock. The Transmission of Exchange Rate Changes to Agricultural Prices (July 2009) provides empirical evidence that price and exchange rate transmission for agricultural products is low in most developing...
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...Role of Information Technology in Agriculture and its Scope in India S.C. Mittal,1 *** Abstract Information of the required quality always has the potential of improving efficiency in all spheres of agriculture. The emerging scenario of a deregulated agriculture, thanks to WTO, has brought in a greater ‘need’ and urgency to make it an integral part of decision making by Indian agricultural community. Information Technology (IT) has a major role to play in all facets of Indian agriculture. In addition to facilitating farmers in improving the efficiency and productivity of agriculture and allied activities, the potential of IT lies in bringing about an overall qualitative improvement in life by providing timely and quality information inputs for decision making. The personnel who work for the welfare of Indian farmers, such as extension workers, do not have access to latest information which hinders their ability to serve the farming community effectively. This paper focusses on the scope for e-powering people who live in rural India as well as those who work for their welfare. The latest developments in IT that facilitate effective IT penetration to rural India, changing pattern of information requirements & role of IT, type of systems required in the post-WTO environment, the bottlenecks in e-powering rural India along with possible solutions are examined. *** Information Technology and its Components Induction of IT as a strategic tool for agricultural...
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...Understanding the Logic of Consumer India By Shefali Sharma We are like that only is a book which is trying to analyze the buying behavior of Indian consumers. This book is written by Rama Bijapurkar who is one of India’s most respected thought leaders and has a rich and varied experience in business strategy, consulting and market research and has worked with McKinsey & Company, MARG Marketing and Research Group and as a full-time consultant with Hindustan Lever Ltd. This book is divided into several chapters and each one of them is reviewed subsequently: The first chapter is named as ‘made for India’, which talks about India’s movement towards market capitalization. It focuses on how the socialist model failed before 1991 and led to a steep decline in the GDP, and as a result India opened its doors for privatization and globalization. Before 1991, the consumer in India did not welcome the global products because of the boycott movement and Gandhi’s philosophy of self reliance. Rama says that the nature of emerging markets is fundamentally different as they are large in their total size but small in terms of per capita income. The book mentions that the emerging markets need not be virgin markets as many home grown options might already be available and which have the capacity to impose tough competition to global products, for example the local markets such as Sarojini Nagar and Lajpat Nagar in Delhi. Also emerging markets today like India are not what the developed markets...
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...Position of Rice Production in Assam Khairul Islam Research Scholar, Singhania University, Rajasthan Abstract – Agriculture occupies a vital position in the State’s economy engaging about 53 per cent of the total working force, according in 2001 Census. The contributions of this Sector in State Domestic Product (SDP) at constant and current prices are 31.08 per cent and at 31.13 per cent respectively in 2002-2003. All the agricultural programmes have been assigned with high priority in the Successive plan periods for efficient use of available resources and to maximize production. These efforts have no doubt resulted some transformation in the pace of development under this sector, but much more still remains to be done to bring the situation compatible with other developed States of the country. Keywords – Rice, Agriculture, Assam, Production. I. INTRODUCTION Agriculture is the main source of income for families in India. Rice is the staple diet for about 65% people and cultivation of rice is the main occupation of those engaged in agriculture. It is grown in many regions across India. It is a part of nearly every meal, and it is grown on a majority of the rural farms. Rice is essential to life in India. India is the world's second largest producer of white rice. Here rice is cultivated in both seasons-winter and summer. It contributes about 43% of total food grain production and 46% of total cereal production in the country. It continues to play vital...
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...for consumption. Looking into prevailing socio economic scenario of Indian farmers there exists an inevitable need to provide the farming community with facilities for scientific storage, so that wastage and produce deterioration are avoided and also to enable it to meet its credit requirement without being compelled to sell the produce at a time when the prices are low. An improved policy framework accommodating modern infrastructure and smart management tools & techniques like IT, ICT , and e-trading may help in reduction of wastage and better marketing and will enable small & marginal farmers to enhance their holding capacity in order to sell their produce at remunerative prices and avoid distress sales. Agricultural activities in India are largely carried out by small and marginal farmers, where exists about 121 million operational holdings, over 80 % of which comprise marginal and small holdings (< 2 ha). There subsist variety of marketing services & facilities in the sectors of R&D, Extension, and other market intelligence services by Government sector, but in real sense they are inadequate having ample scope of their improvements to facilitate farmers, farming, farm produce, farm income, and ultimately the farming economy. Often the farmers under Indian conditions need a timely credit, where in majority of cases their credit needs include personal loans. Such ccredit is habitually provided by the trader (informal money lending system) either by...
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...3.0 SITUATIONAL ANALYSIS 3.1 The Business Environment (PEST) India economy |Population: |[pic] | |1,173,108,018 (July 2010 est.) | |India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic | |liberalization, including reduced controls on foreign trade and investment, began in the early 1990s and has | |served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's | |diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of | |modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, | |but services are the major source of economic growth, accounting for more than half of India's output, with | |only one-third of its labor force. India has capitalized on its large educated English-speaking population to| |become a major exporter of information technology services and software workers. An industrial slowdown early| |in 2008, followed by the global financial crisis, led annual GDP growth to slow to 6.5% in 2009, still the | |second highest growth in the world among major economies. India escaped the brunt of the global financial | |crisis because of cautious banking policies and a relatively low dependence...
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...importance will drive most of the businesses. On account of the consumer demographics, with China being out of bounds, India offers the largest pie of investment opportunity that the world is eyeing. This is despite the multitude of operational, regulatory and taxation issues that surround the business running environment in India. However, 2015 has turned out to be a year offering a bit of a reality check to one and all and redefined the dynamics to a great extent. The year also set the tone for the next stage in the evolution of the startup ecosystem. The maturity in decision making that should ideally come in at this stage would be a step in the right direction taking the startup space in India towards greater heights, as it...
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...SPECIAL REPORT ON EMERGING MARKETS www.dreamgains.com White Paper Special Report On Emerging Markets ABSTRACT This paper examines the four emerging economies- Brazil, India, Russia and China (BRIC) - that are expected to play an increasingly important role in the global economy in the coming decades. These four countries have come to symbolize the exciting challenges and opportunities presented by dynamic emerging markets. The first part of the report outlines key features of these economies and their growing contribution to world output and trade. The second part analyses the contribution of India towards the same. By 2050, the BRIC economies will account for 44% of global GDP. The emerging market accounts for an increasing share of global activity. Two centuries of vigorous industrialization has propelled economies of North America, Western Europe and Japan into a dominant position in terms of their share of world output. But the past three decades have seen steady erosion from the peak they attained during the 1970. The emerging economies now account for over half of world output. These dynamic economies are changing the world economic order as they industrialize, improve their infrastructure and rapidly develop their service sectors. By 2050, they will account for almost 78% of global output. This projection uses realistic assumptions of annual growth rates of 5.3% to 2050, well below those posted in recent decades by the economies of developing Asia at over...
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...minerals. The substance is ingested by an organism and assimilated by the organism's cells in an effort to produce energy, maintain life, or stimulate growth. Historically, people gather food through two methods, hunting and gathering, and agriculture. Food production has become an important issue in most countries. It has become even more critical in the case of developing countries where population growth is sometimes higher than the increase in food production. Today, most of the food energy consumed by the world population is supplied by the food industry, which is operated by multinational corporations that use intensive farming and industrial agriculture to maximize system output. Food retailing is about provides a market outlet where consumers can purchase food products. Based on the nature of products sold and the size of operation, food retail outlets are range from convenience stores to warehouse-style discount outlets. India is the world's second largest grower of fruits and vegetables after Brazil and China. Food retailing in India has come a long way, from a period when food items were sold at road side grocery shops, and bazaars to a stage where the food items are now sold through supermarkets, retail chain and many more. The changing of life styles, tastes and higher disposable incomes, growing need for convenience, higher aspirations among youth, exposure to the western lifestyle and increasing numbers of working women have revolutionized the food retail scenario of...
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...Inflation in India: Docile or Defiant? Executive Summary ASSOCHAM study finds that inflation was structural in nature rather than being episodic. Farm prices are less responsive to the RBI’s monetary policy whereas manufactured goods prices were found to be more responsive to the policy. Manufactured goods prices are showing new dynamics: a) Highest price rise in primary and upstream products b) A moderate rise in intermediate goods prices c) Least hikes in prices of finished and consumer products In the light of these features and trends in inflation, ASSOCHAM suggests four pronged anti-inflationary package. These includes Structural Correction for Structural Inflation: This calls for a comprehensive action plan for the farm sector, involving among other measures, a programme for a “Horticultural revolution” for increasing productivity of fruits and vegetables, fish and poultry. Controlling form inflation is a joint responsibility of the union Government and RBI. Only monetary policy adjustment will not correct such trend price rises. 2 Hence, RBI need not raise policy rates every time form prices are rising, as analysis shows farm price are not responding to monetary policy changes. Manufactured good inflation is showing for greater responsiveness to monetary policy changes. RBI should concentrate more on controlling these prices Going into the disaggregated and Sectoral price behavior of manufacturing goods, we find the dynamics of change is more in upstream...
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...India currently is second largest populous nation in the world, second largest educational system in the world and five years down the line shall be the single largest populous nation leaving behind China. Demographically too India is a nation of young persons with two thirds of population below 35 years of age and should leverage from this to emerge as a superpower and get into the comity of developed nations. Presently as on 2015 no Indian Institution is in top 100 world Class University ranking as most of the institutions are only engaged in teaching. There is no much quality research, consultancy and industry interaction and majority of private institutes clamor for more branches and more seats. Government of India has been giving focus...
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...Human development in a basis of brainpower is one of the most fundamental cause not only economic development but also in terms of development in general. Human endures intellect toward productive growth in developed countries which mainly relies on technological innovation. However, as for developing countries, growth and development follows developed countries by forcing the technology mechanism and changing the structure of production towards activities with higher levels of productivity. The evidence show that during 1970s and 1980s there were of structural changes in economic activities where developing countries enters the global markets. In his preface, Giplin (2001; xi) point out that “…important step toward the creation of a truly global economy, since the mid-1980s the world has also witnessed the extraordinary growth of economic regionalism as a countermovement to economic globalization.” Similarly, Magdoff (1992; 50) state that “In fact, capital exports have helped shape the evolving global economy ever since the end of the Second World War”. Moreover, Glyn and Sutcliffe (1992; 79) point out that “…left the world economy leaderless in the 1970s and 1980s with increasingly open economies disciplined by market forces, but without a unique center of gravity.” This implies that global economies forces t To provide a well-structured discussion, this essay will begin by briefly introducing into how neo-liberalism in the mainstream of development thinking greatly achieve...
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...consumers: In India the number of middle class consumer is growing rapidly. With rising consumer demand and greater disposable income has given opportunity of retail industry to grow and prosper. They expect quality products at decent prices. Modern retailers offer a wide range of products and value added services to the customers. Hence this has resulted into growth of organised retailing in India. Growing consumerism would be a key driver for organized retail in India. Rising incomes and improvements in infrastructure are enlarging consumer markets and accelerating the convergence (meeting) of consumer tastes. 2. Increase in the number of working women: Today the urban women are literate and qualified. They have to maintain a balance between home and work. The purchasing habit of the working women is different from the home maker. They do not have sufficient time for leisure and they expect everything under one roof. They prefer one-stop shopping Modern retail outlets therefore offers one store retailing. 3. Value for money: Oganised retail deals in high volume and are able to enjoy economies of large scale production and distribution. They eliminate intermediaries in distribution channel. Organised retailers offer quality products at reasonable prices. Example: Big Bazaar and Subhiksha. Opportunity for profit attracts more and more new business groups for entering in to this sector. 4. Emerging rural market: Today the rural market in India is facing stiff...
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...Company Vista Foods – Mumbai – India an OSI Group company. OSI Group is strategically organized into three defined Zones – The Americas Zone. The Europe Zone. The Asia /Pacific Zone. Over all OSI Group is in 26 Countries. Serving McDonald’s Worldwide and other international retails label pack. “Be ready to accept a new idea. Innovation is the lifeblood of growth. Create an environment that breeds innovation . Maintain consistency while responding to change.” ---- Ray Kroc Chairman Agenda 1 Food Processing Sector in India 2 Supply Chain Challenges in Food Industry 3 Opportunities & Recommendations 4 1 Food Processing Sector in India 2 Supply Chain Challenges in Food Industry 3 Opportunities & Recommendations 5 Food Processing Sector in India Food is the largest consumption category in India... Food Consum ption in India 250 So urce: B M I, Q12009 & CSO C A G R : 5 .3 2 % 229.7 210.3 200 180.1 168.6 151.7 157.7 184.4 191.4 198 1 50 1 00 50 0 2005 2006 2007 2008e 2009f 201 0f 201 f 1 201 2f 201 3f Significant Opportunity India as a huge Consumer Market 6 Food Processing Sector in India India has huge supply advantages due to diverse agro-climatic conditions and wide ranging raw material base… • 52% cultivable land compared to 11% world average • All 15 major climates in the world exist in India • 46 out of 60 soil types exist in India • Largest livestock population ...
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...qualifications, skills, and geographical locations. They depend on exchange of information between employers and job seekers about wage rates, conditions of employment, level of competition, and job location. MRF Madras Rubber Factory, popularly known as MRF, is a major tyre manufacturing company located in Chennai, Tamil Nadu, India. The name was later changed as "Manorama Rubber Factory". MRF is mainly involved in making vehicle tyres. It is India's largest tyre manufacturing company, and among the dozen largest worldwide. It exports to more than 65 countries.MRF is the sister concern of the leading malayalam daily "Malayala Manorama".The founder of the MRF, Mr.K.M.Mammen Mappilai was the brother of late Mr.K.M.Mathew, ex-chief editor of "Malayala Manorama" Natural rubber is produced primarily in three countries: * Thailand * Malaysia * Indonesia A leader in the category MRF holds the No.1 position for the last 21 years. Established as toy-balloon manufacturing company in 1946 by KM Mammen Mappillai, MRF quickly emerged as the leading maker of tread rubber. Since then, the company hasn't looked back. The fact that it is the first tyre company in India to reach a turnover of 5000 Crores is testament to its dominance of the industry Services MRF offers a whole host of services to its customers, ranging from helping them pick the tyre of their choice to helping them maintain their vehicle. T & S MRF T&S is a one stop shop for a unique tyre shopping experience...
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