...Africa’s path to growth: Sector by sector The continent’s growth story isn’t entirely about the extractive industries. Seven articles examine the future of a wide range of sectors. Although Africa’s growth prospects are bright, they differ not only country by country but also sector by sector. In these articles, we examine the possibilities for seven of them: agriculture, banking, consumer goods, infrastructure, mining, oil and gas, and telecommunications. Perhaps the most fundamental point is that Africa’s growth story is hardly limited to the extractive industries. As many as 200 million Africans will enter the consumer goods market by 2015. Banking and telecommunications are growing rapidly too, and infrastructure expenditures are rising significantly faster in Africa than in the world as a whole. Not that the growth of the extractive industries won’t be impressive. The continent has more than one-quarter of the world’s arable land. Eleven of its countries rank among the top ten sources for at least one major mineral. Africa will produce 13 percent of global oil by 2015, up from 9 percent in 1998. For many companies, this is a future worth investing in. 2 Africa’s path to growth: Sector by sector Agriculture: Abundant opportunities Kartik Jayaram, Jens Riese, and Sunil Sanghvi Agriculture is Africa’s largest economic sector, representing 15 percent of the continent’s total GDP, or more than $100 billion annually. It is highly concentrated, with Egypt and Nigeria...
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...CHAPTER-1 INTRODUCTION TO INDIAN BANKING SYSTEM: OBJECTIVE- Here our main objective is to analyse the impact of mergers and acquisition in banking sector in India. We will try to find out from the experience of US and EU how Indian banking sector will respond if some major players merge together. In this report we will create a situation in which five big players in banking sector merge together and we will analyse the effect of merger on Indian Banking sector. In the past three decades, India's banking system has earned several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to metropolises or cities in India. In fact, Indian banking system has reached even to the remote corners of the country.1 This is one of the main aspects of India's banking growth story. The first banks were Bank of Hindustan (1770- 1829) and The General Bank of India, established 1786 and since defunct. The largest bank, and the oldest still in existence, is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India in 1955. The Government...
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...Introduction Indian banking system has emerged as a vibrant sector in the Indian economy. Strong regulatory mechanism, inherent strength in the economy, and progressive policy framework which supports, nurtures, and helps in growing the financial institutions. Indian financial services industry is dominated by the banking sector that contributes significantly to the level of economic activity. The banking structure in India is broadly classified into public sector banks, private sector banks and foreign banks. The public sector banks continue to dominate the banking industry, in terms of lending and borrowing, and it has widely spread out branches which help greatly in pooling up of resources as well as in revenue generation for credit creation. The role of banks in accelerating economic development of the country has been increasingly recognized since the nationalization This facilitated the rapid expansion of banking in terms of its geographical reach covering rural India, in turn leading to significant growth in deposits and advances. Eventually, however, the government used banking sector to finance its own deficit by frequently increasing cash reserve ratios (CRR) and statutory liquidity ratio (SLR). Deregulation of the Indian financial system in 1991 followed by various financial sector reforms during the period 1990 through 1998 led to a major restructuring of the Indian banking industry. India has entered high growth trajectory with the initiation of economic reforms in the...
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...M2- Growth and Decline of the industrial sector in the UK! There are two ways that the growth and decline of industrial sectors is measured. One way that they measure it is by employment and the second way it is measured is by looking at the production and sales of goods which is then measured in the form of GDP (Gross Domestic Product- income from the total products made at home). To understand more about the growth and decline of the industrial sectors we watched a video called ‘Crop to shop, Jimmy’s Supermarket secrets’. Through watching the video we found out the primary sectors are mostly based in developing countries. Countries such as Kenya grow green beans, Egypt grows potatoes in the Sahara desert and Norway grows peppers. One of the reasons that the primary sectors are based in different countries is because they might have the appropriate weather conditions depending on the crops The secondary sector is also based in developing countries. The reason for this is that because the secondary sector consists of the use of machinery so they will be required to use a lot of energy which they will need to pay for, by having the secondary sector based in developing countries they will be paying less money for the energy as it cost cheaper. Some of the main reasons that the primary and secondary sectors are mostly based in developing countries are because the wages in these countries are lower therefore it will be cheaper for the business also because they tend...
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...Executive Summary The report entitled “Analysis of Economic Growth and External Sector Behavior” mainly focuses on the study of the structure of the external sector of Bangladesh and its impact on GDP. It involves economic models developed to determine the impact of each sector-Export, Import, Foreign Aid and Remittance, on GDP of Bangladesh. It also involves an analysis of the behavior of these factors in three SAARC countries and the application of the regression model developed. The economic model was developed based on the past behavior of GDP and the external sector. It indicated that Remittance is the sector having the most significant impact on GDP and aid the second most significant. While imports negatively affect economic growth, exports have played a very important role over the period. The remittance of Bangladesh has been increasing over the last few years. Hence, its impact on GDP has also been rising. In the span of 34 years export as percentage of GDP increased from 2.2% to 15.4%. Hence, performance was moderately good. The economy has been suffering from ever increasing trade deficits, despite several export promotional measures. Large import payments mainly account for this problem. Foreign aid shows large fluctuations over the period Finally, an analysis was conducted on the behavior of the external sectors in the SAARC countries using the regression model. Export was found to be the dominant sector in India, while imports had the minimum impact on GDP. Pakistan...
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...Services Sector Growth Rate in India GDP Services Sector Growth Rate in India GDP. The Services Sector contributes the most to the Indian GDP. The Sector of Services in India has the biggest share in the country's GDP for it accounts for around 54% in 2009. The contribution of the Services Sector in India GDP has increased a lot in the last few years. The Services Sector contributed only 15% to the Indian GDP in 1950. Further the Indian Services Sector's share in the country's GDP has increased from 43.695 in 1990- 1991 to around 51.16% in 1998- 1999. This shows that the Services Sector in India accounts for over half of the country's GDP. The Reasons for the growth of the Services Sector contribution to the India GDP The contribution of the Services Sector has increased very rapidly in the India GDP for many foreign consumers have shown interest in the country's service exports. This is due to the fact that India has a large pool of highly skilled, low cost, and educated workers in the country. This has made sure that the services that are available in the country are of the best quality. The foreign companies seeing this have started outsourcing their work to India specially in the area of business services which includes business process outsourcing and information technology services. This has given a major boost to the Services Sector in India, which in its turn has made the sector contribute more to the India...
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...Volume 01 Issue 06 GLOBAL RECESSION, OIL SECTOR AND ECONOMIC GROWTH IN NIGERIA. BY S. O. OLADIPO (M.sc) Department of Economics and Accounting Bells University of Technology, Ota. E-mail address: giftsamniyo@yahoo.com AND PROF. J. O. FABAYO Department of Economics, Obafemi Awolowo University, Ile-Ife ABSTRACT This study investigates global recession and the oil sector, based on its effects on economic growth in Nigeria. No doubt the global economy has been experiencing some disturbances. Major economies of the world have been affected and so has the major sectors of these economies especially the ones that has a direct bearing with international trade been affected. The oil sector particularly has been one of the hit. For a country like Nigeria whose international trade is majorly in oil, the effect has become an issue. Empirical analysis using the Ordinary Least Square (OLS) reveals that there was a negative relationship between GDP and oil produced (domestic consumption and export) which is significant at 5% lever of significance i.e. (P < 0.05). The result also showed that there exists decline in the oil sector due to the global recession despite all measures given by government to curb it effects. It was Jan 2012 recommended that the federal government needs to deregulate the sector for efficient performance, and also come up with more rigorous policies that will reduce this effects on the real sector most especially the oil sector whose contribute the largest portion of...
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...A TERM PAPER ON GST 111: USE OF ENGLISH TOPIC: THE HISTORY OF MEDICINE WRITTEN BY: UWEM, HOPE OKON REG NO. 08/BA/IN/022 DEPARTMENT OF INSURANCE FACULTY OF BUSINESS ADMINISTRATION SUBMITTED TO DR. MRS. DEPARTMENT OF FACULTY OF UNIVERSITY OF UYO, UYO AKWA IBOM STATE, NIGERIA. FEBRUARY, 2012 1. INTRODUCTION All human societies have medical beliefs that provide explanations for birth, death, and disease. Throughout history, illness has been attributed to witchcraft, demons, astral influence, or the will of the gods. These ideas still retain some power, with faith healing and shrines still used in some places, although the rise of scientific medicine over the past millennium has altered or replaced mysticism in most cases. The ancient Egyptians had a system of medicine that was very advanced for its time and influenced later medical traditions. The Egyptians and Babylonians both introduced the concepts of diagnosis, prognosis, and medical examination. The Hippocratic Oath, still taken by doctors today, was written in Greece in the 5th century BCE, Horstmanshoff et al (2004:7). In the medieval era, surgical practices inherited from the ancient masters were improved and then systematized in Rogerius's The Practice of Surgery. During the Renaissance, understanding of anatomy improved, and the invention of the microscope would later lead to the germ theory of disease. These advancements, along with developments in chemistry, genetics...
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...BANKING SECTOR AND STOCK MARKET DEVELOPMENT ON THE MALAYSIAN ECONOMIC GROWTH: AN EMPIRICAL INVESTIGATION BY HAFSAH AHMAD A THESIS SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN ECONOMICS KULLIYYAH OF ECONOMICS AND MANAGEMENT SCIENCES INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA MAY 2005 1 ABSTRACT This study investigates the long-run relationship between financial development (banking sector and stock market development) and economic growth in Malaysia. Six variables based on Malaysian quarterly data from 1978:1 to 2002:4 are employed, namely real GDP per capita, investment rate and ratios of credit, deposit, market capitalization, and value of shares traded to GDP. Two dynamic frameworks are adopted - Vector Auto regression (VAR) with error correction formulation for causality analyses and dynamic OLS (DOLS) procedure for estimation of growthfinance long-run relation. Causality analyses show that there is bi-directional causality between financial development (banking sector and stock market development) and economic growth. Analyses on growth-finance long-run relations indicate that banking sector development and stock market development individually have an independent positive effect on long-run economic growth. They enhance economic growth through both channels – the volume and efficiency of investment, with the latter being the main source of their independent effect. The study also shows that banking sector development...
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...has announced a new Report Package "2019 CAD Market in the Automotive Sector in APAC: Industry Size, Growth, Trends, Analysis, Technology, Report" Report Overview CAD is an effective and efficient tool for modeling and designing products and components with ease and accuracy. It helps engineers, architects, and other design professionals draft industry-specific products to enhance product development. Many industries such as automotive, aerospace and defense, industrial machinery, and electrical and electronics use CAD solutions. These solutions enable end-users to digitally prototype their products before production. As per the analysts forecast the CAD market in the Automotive sector in APAC to grow at a CAGR of 9.16% over the period 2014-2019. Covered in this Report The CAD market in the Automotive sector in APAC can be segmented into two product segments: 3D CAD and 2D CAD. The CAD Market in the Automotive Sector in APAC 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers APAC; it also covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors. Key Country • China • India • Japan • South Korea Key Vendors • Autodesk • Dassault Systèmes • PTC • Siemens PLM Software Enquire About Report at: http://www.researchbeam.com/cad-in-the-automotive-sector-in-apac-2015-2019-market/enquire-about-report Other Prominent Vendors ...
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...lead to changes in Growth of Indian economy were as follows: * Share of agricultural output in the GDP reduced * Industrial Sector (Manufacturing Sector) increased due to industrialization in 1970's * Service sector in India saw a sharp increase from 1950-2012. The dominant shift in growth of the economy is accountable to service sector * Trade and tax liberalisation reforms were made in India in 1980 * Since modern services like information and financial services are easily tradable than manufactured goods, they are growing faster than traditional services like tourism, media, education, etc * Also, the services sectors have negligible transportation costs Inflexion Point Analysis: Analysing the trend since 1990, the inflexion points as per the graph below which depicts the NNP growth rate of the economy : 1997-98 * The growth slowed down because of the Asian crisis. During this period the fiscal deficit increased. Also the 5th pay commission was announced. * Contribution of Industrial and manufacturing sector towards growth rate reduced * Agricultural sector previously was low but it increased a bit in 1997 * However, the Service sector witnessed a regular increase in the growth patterns 1998-99 * GDP growth reached 5.8 percent. This is mainly due to high agricultural growth of 5.8 percent. It increased to 5.3 percent in1998-99. * Also the other major reason is due to increase in the GDP of trade sector which was estimated...
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...Masyithoh Faculty of Economics and Business Universitas Gadjah Mada 2013 I. Background Sectorial Structures of World Economies According to World Bank, one way to determine the structure of economy is by analyzing its three main sectors; agriculture, industry, and services in the country’s total output and employment. Initially, the agriculture is the main sector of developing countries. The shift comes to industrialization and post-industrialization. Industrialization assumed to increase and replace the agriculture because modernization refers to specialization of economic function, monetization of transaction, and homogenization of goods and services (Venida, 2000). The homogenization is formed by the improvement and innovation in technology enhancing the agricultural products. As the requirement of productivity and quality in agriculture increases, the innovation and function of technology has become the obstacle of the growing industry. Source: World Bank (http://www.worldbank.org/depweb/beyond/beyondco/beg_09.pdf) As the income rises, goods become immaterial. People no longer rely on materials since needs are already satisfied. Instead, they will concern about services including health, education, entertainment, etc. Unfortunately, services sector tend to be less mechanization since services generally cannot be completed by machines. Therefore, the demand of service labors keep increasing. Developed country tend to be undergoing “post industrialization” which the country...
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... History GSDP at Constant Prices Comparison of Bihar‟s GSDP with other states Composition of Various sectors Annual Growth Rate Comparison between 2004-07 and 2008-11 Summary Bihar as a political entity, either as a kingdom, or as a state within the republic of India, has its own identity from the time written records were available. Noted historian, Romila Thapar, describes the history of ancient India as the history of ancient Bihar. Many achievements that India became renowned for, in education, governance, society, or religion, have their roots in Bihar. Significant achievements of Bihar in trade and economic engagement within the state and outside of the Indian sub-continent emerge from a past that appears to have left no living legacy in today‟s Bihar DURING 2005-2006: Growth rate of GSDP was minimum(.94%) Rabri devi departed out of CM house Bihar came under presidential rule In november,nda rule started with nitish kumar as CM This shift of govt. subdued or depressed the GDP DURING 2006-2007: Drastic increase of GSDP from .94% to 18.13% Nitish kumar govt. came out with many social reforms: Bihar‟s single window clearance act Infrastructure development enabling act New industrial policy Price preference policy New policy initiatives for entertainment, tea processing, sugar sectors Introduction of NREGAs Simplification of VAT regime DURING 2007-2008: GSDP fell down to 8.48%(around 10%fall...
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...‘Sustaining Australia’s rate of economic growth above 3.25%, once the mining sector’s level of investment spending reduces during the next couple of years, is going to be a major challenge which will require a focus by the public and private sectors on productivity’. Discuss this statement, including an analysis of Australia’s GDP growth rate since 2000 and the drivers of GDP growth in Australia. What are the implications of your outlook on monetary policy settings? Name: 1,500 Student No.: Word Count: MGSM845:ECONOMIC CONTEXT OF MANAGEMENT Term 2, 2013 The Australian resources sector plays a vital role in the Australian economy. The resources sector is the largest contributor to merchandise exports, a major contributor to GDP, a major employer, a major contributor to government revenue and investment. Other benefits such as its contribution to rural and regional development and technological development and environmental research are also significant. Australia has experienced significant GDP growth since the early 2000’s, it has effectively been a two speed economy where the strong mining sector growth has been offset by the reduction in the manufacturing sector. Following the global financial crisis in the late 2000’s, the Australian government fiscal policy placed significant pressure on the foreign exchange rate which lead to slowing of industries and sectors sensitive to such movements including tourism...
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...India has come a long way in terms of economic growth. There is broad consensus that the global centre of economic growth is moving to Asia, and as a large emerging nation with a growing middle class, India has captured the attention of developed economies looking for new investment and trade opportunities. The Softer indicators of economy – aspirations, health, and literacy – are all registering discernible improvements. Over two decades, India has implemented wide-ranging reforms that opened up the economy, dismantled the old licensing system and introduced competition into a number of sectors that had previously been dominated by public monopolies. Now, we live in a generation of relative abundance. While for the Western world it is going to be a demographic winter, we in India with some effort should be reaping a demo- graphic dividend. It is an India full of goodies –better consumption and lifestyle are in attendance all around. From the past two decades, we saw the twists in its growth and also twist in political atmosphere. With 27 per cent of the economy stagnant, it is no surprise that overall growth in India has slipped below 6 per cent. We are referring to the industrial sector, which has recorded an insipid 0.4 per cent growth in the first five months of this fiscal year beginning April 2013. It needs no emphasis that without a turnaround in this sector, a material lift to India's GDP growth is not possible. Industrial growth had slipped during the Lehman crisis as well...
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