...ECONOMICS TERM PAPER Theme: Health expenditure by Government in India Title: Health care and expenditure: an analysis of Indian Government’s Welfarism Name: Prakhil Mishra Semester : IV Roll no.: 13BAL027 Table of contents Sr.No. | Content | Page number | 1 | Abstract | 03 | 2 | Introduction | 04 | 3 | Why health expenditure is important | 04 | 4 | Trends in public spending | 05 | 5 | Core areas of spending | 10 | 6 | Conclusion and critical comments | 11 | 7 | Learning outcomes | 12 | 8 | Bibliography | 12 | Abstract Healthcare is a prime indicator of the development in a country. It is the basic function of a state to look after the needs of its citizens pertaining to health and nutrition. In India, there are high numbers of malnourished and undernourished people, and most of them are children under the age of fourteen. Health expenditure in India is a holistic approach of the government as a welfare state to ensure proper distribution at highly subsidized rates for the resource less people. The paper deliberates upon the government spending on health (Where it spends and how much it spends) and tracing of the changing trends in entailment of expenditure. Key matter of contention includes: * Introduction to public spending on health * Why spending on health is important * Changing trends in public spending on health and family welfare * Core areas where spending is done: analysis with the help of laws * Conclusion and critical analysis Key...
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...out to Rural India: A Study of Consumer Durable Anirudh Sharma A Management Project Report On Reaching out to Rural India: A Study on Consumer Durable PREPARED FOR Prof. Dhananjay Singh MARKETING INSTITUTE OF MANAGEMENT TECHNOLOGY HYDERABAD BY ANIRUDH SHARMA STUDENT INSTITUTE OF MANAGEMENT TECHNOLOGY 15st Oct. 2015 1 ACKNOWLEDGEMENT I would like to thank my faculty guide Prof. Dhananjay Singh for their guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the project. My sincere thanks to all the rural respondents’ family who take out there time and help me in understanding their buying behaviour. This enabled me to study buying behaviour of rural consumer towards consumer durable products. I would also like to express our gratitude to all the retail store owners who take out time from there busy schedule and answered my questions and help me in providing data and their knowledge about the research. TABLE OF CONTENTS S.No. Topic Page no. 1 Introduction 4 2 Consumer durable industry in India 5 3 Major players 6 4 Strategies implemented by some companies 6 5 Distribution channel 6 Objective 7 Literature review 8 Research methodology 9 Analysis 10 Conclusion 15 11 Bibliography 16 8-9 9 10-11 11 12-14 3 Reaching Out to Rural India – A Study...
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...assignment talks about why northern states are less developed than southern states. Since overall economy of India has improved and the growth rate overall is good but if we compare the growth rate of southern states and some western states it is more than that of northern states (excluding Delhi and Punjab). This is the main reason why the overall growth rate of the country is not booming. In this study I have examined the state wise performance of more developed states and why they have developed more than other northern states. Majorly I have talked about following sectors which affect the growth of a region. They are:- * Population * Agricultural * Electricity and power supply * Illiteracy * Industrial development * Poverty * Income * Government impact The performance and growth totally depends upon the growth and development of all the states. If all the states individually will perform well then naturally India will do well. 1. Population :- It plays a major role in the development and growth of the region. Higher the population it will be difficult for the state to maintain the GDP rate and also unemployment become more. In totally the northern states as a whole has remained the highest populated area since independence. The population growth is 2.4 per cent which is higher than the southern region of India. Uttar Pradesh, Rajasthan, Bihar and Madhya Pradesh have the most of the population of India and hence are the least...
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...key reasons why the figure for of Indian rural-urban migrants of India has increased steadily. Firstly, a job deficiency is so serious that rural Indians move to cities in search of better careers. In addition, that health care system is substandard is one of contributing factors of rural-urban migration in India. Finally, rural education system cannot meet many citizens’ demands, so they have to migrate to urban areas with a view to further education. It is recommended that the Indian government should support family planning and non-farm employment, liaise with philanthropic organizations and found their own charitable organization. Introduction According to International Journal of Humanities and Social Sciences (2014), approximately 2 million people migrate from rural to urban areas worldwide every year and the total number of rural-urban migrants has been around 22 million people since 2001. Also, it is the most fundamental issue that makes a significant change in one country’s demographic structure. Rural-urban migration is such a chronic issue because it leads to a series of effects where this effect results in another effect, which has put negative pressures on community development. What is more is that the proportion of rural-urban migrants in developing and poor countries has witnessed a more remarkable growth than that in developed countries. India is one of the countries which have the highest rate of rural-urban migration. The statistics of rural-urban migrants...
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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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...1.1 Ecommerce in India Recent years have seen a remarkable transformation in the way India shops and trades through internet. The business via E-commerce has taken the world of retail by storm and captivated the imagination of an entire generation of new vibrant entrepreneurs, with e-commerce start ups with various business and commercial models.The sector has grown three times in four years to nearly 12.6 billion USD in 2013.Different industry experts estimates that the sector will further growth five to seven times over the next four to five years. Online retail, while today representing a small fraction of the e-commerce space is one of the fastest growing segments. It is facing lots of challenges to fulfilling its fundamental proposition of transcending physical boundaries to deliver a variety of products to the customer’s doorstep. Supply chain, logistics and infrastructure in e-retailing becomes the very backbone of the fulfilment network and the basis on which stringent service level expectations are set and met, and it wins the customers from the competitors. In India, these are the weakest links, so the ecommerce management should taken the appropriate and intelligent steps to avoid the weakness and wins the race....
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...labor market, in that the general educational level of the labor force that lies between ages of 15 and 59 years is very low. In 2010, India had a working population of 431 million people out of which 29% were illiterate. Also, about 24% possessed an education below primary or only primary education and only about 17% had a secondary and higher education. Ramachandran and Chatterjee (2013, p. 32) stated that while India is the second most populated country in the world, with a current population of about 1.21 billion with an average population growth rate of 1.41%, this is a clear indication that this population will increase more with time. When looking at the age structure, people who are 15-64 years old make up 65% of India's population and only 30% being under 15 years of age. This clearly indicates that India is composed of a rather young population. As per the 2011 census, literacy levels stand at around 74.04% and this is a significant progress from the 14.5% rate at the time of India’s independence in 1947, though the census still reveals that the adult literacy rate in India was more than 11% lower than the average World Adult Literacy Rate of 84% (Census of India, 2011c, p.101). Despite major reforms and programs intended to develop the education system, India is still struggling with low rates of illiteracy, especially in the country’s rural parts. Different states have been experiencing different rates of increase in literacy levels, although with very high disparities...
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...The size of the prize in Indias hinterlands is on the rise. Rural India accounts for about 50 per cent of Indias GDP and nearly 70 per cent of the countrys population. Since 2000, per capita GDP has grown faster in rural areas than in its urban centres: 6.2 per cent CAGR versus 4.7 per cent. Rural incomes are growing and consumers are buying discretionary goods and lifestyle products, including mobile phones, television sets and two wheelers: between 2001 and 2009, spending in rural India was $69 billion, significantly higher than the $55 billion spent by the urban population. Companies that recognise this enormous opportunity are experimenting with various go-to-market models to garner their share of this growth. But the results have been mixed. To understand why and what to do about it Accenture conducted a major research study of more than 100 companies to discover how successful companies are responding to the opportunities and hurdles. An efficient sales and distribution model is the most critical factor to achieve profitable and sustainable growth in rural markets: nearly 60 percent of the survey respondents ranked it as the top imperative. Our research found that a hallmark of success in rural India is overcoming challenges in the three stages of the consumer lifecycle reaching, acquiring and retaining the rural customer. In terms of reaching the rural consumer, the biggest obstacles facing companies are inadequate distribution networks, partners with limited capabilities...
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...Economic Environment Management PROJECT Impact of the “Right to work programme” in India SUBMITTED BY – Yash Jhaveri IIM Kozhikode Batch: EPGP04: Date of Submission: 27th January 2013 Contents INTRODUCTION : Right to Work In INDIA .......................................................................................... 3 What is NREGA / MGNREGA .............................................................................................................. 3 WHAT ARE THE GENERAL BENEFITS RTW / MGNREGA ..................................................................... 4 HOW IS THE PROGRAM FINANCED? .................................................................................................. 4 Financing pattern ............................................................................................................................... 4 Release of funds ................................................................................................................................. 4 Comparison : RTW/MGNREGA Vs other government based employment schemes ........................ 5 Impact of RIGHT TO WORK / MGNREGA ........................................................................................... 5 Increase in GDP .................................................................................................................................. 5 Effect on Inflation ..............................................................................................
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...“RURAL MARKETING” Executive Summary A debate continued for a long time amongst the Indian marketers, both practitioners & academicians, on the justification for the existence of the distinct discipline of rural marketing. Consequently, two schools of thought emerged. The first school belived that the products/services, marketing tools & strategies that are successful in urban areas, could be transplanted with little or no more modifications in rural areas. However, the second school saw a clear distinction between urban & rural India, & suggested a different approach, skills, tools & strategies to be successful in rural markets. What differentiates the two markets is not mere income, but a host of other infrastructural & socio-cultural factors. Thus, the rural market cannot be tapped successfully with an urban marketing mindset & would definitely require its thorough understanding. In other words, the approach toward rural markets needs to be distinct from the one adopted for the urban markets. Thus, in a large rural economy like India’s, rural marketing has emerged as an important & distinct internal sub-division within the marketing discipline. This sub-division clearly highlights the differences between rural marketing & mainstream marketing. Table of contents 1) Rural marketing 3 2) Evolution of rural marketing 4 3) Nature of rural market 8 4) Rural marketing transactional or developmental 9 5) Classification...
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...What is Financial Innovation? Financial innovation can be defined as the act of creating and then popularizing new financial instruments as well as new financial technologies, institutions and markets. It includes institutional, product and process innovation. Why do we need financial Innovation? Finance is the lifeblood of the world economy that affects every other sector and in turn is affected by every other sector. A Simple Financial Innovation like a debit card can lift millions of people out of poverty and connect them to the global economy. It helps entrepreneurs raise money for the next idea. In the coming few pages I shall attempt to discuss few financial innovation and how they have affected the global economy. Microfinance Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. Microfinance is a broad category of services, which includes microcredit. Microcredit is provision of credit services to poor clients. Microcredit has enjoyed spectacular success in poor nations like Grameen Bank in Bangladesh and SKS Microfinance in India. What is Microcredit? Much of the current interest in microcredit stems from the Microcredit Summit (2-4 February 1997), and the activities that went into organizing the event. The definition of microcredit that was adopted there was: Microcredit programmers extend small loans to very poor people for self-employment projects that generate income, allowing...
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...ILLETRACY India though is fast developing as super power with impressive industrial growth and economic development,it is falling behind on human development index.The education scenario is alarmingly dismal at the grass-root level.India’s education program is falling behind other nations.It is a country with population already touching one billion while only one third is able to read.World’s 30%illiterate population comes from India. India though is fast developing as super power with impressive industrial growth and economic development,it is falling behind on human development index.The education scenario is alarmingly dismal at the grass-root level.India’s education program is falling behind other nations.It is a country with population already touching one billion while only one third will be able to read.Due to various social and economic problems India’s education programme is besieged with many problems.Of the biggest victims are those living in the rural areas.Allocation of government funds and the conditions of the destitute rural schools contribute to the low quality of education by rural children.Many children living in rural areas receive a level of education which is very poor.Overall enrolment in primary and middle schools are very low.50% of the children living in these areas leave school before the 5th class.These children leave school for many reasons – lack of interest,working in the fields where hours are long and pay is low.A large percent of dropouts...
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...high growth in Industry and Service sectors. However, the last fiscal year saw significant slowdown in Industrial growth. One of the reasons for this was RBI's initiative to curb inflation. The central bank had consistently maintained high interest rates for more than a year. Even though Inflation came down to 5% [2], it adversely affected the industrial growth. Many organizations curbed their expansion plans and many new ventures were deferred due to high cost of capital. 2. A further analysis of the Structure of Indian Economy reveals other important aspects: Year wise contribution of 3 major sectors viz. Agriculture, Industry and Services to GDP is as under: Table-1 Source: [1] A comparison of the contribution of Rural and Urban India to GDP for FY 2011-12 is as per the following figures: - As can be seen, there is a wide disparity between contributions of Rural and Urban India to GDP. While 69% (approx) of our rural population is contributing to just 14% of our national Income, the remaining 31% is contributing to nearly 86% of the national Income. - Further analysis of Sector-wise growth rates indicates that in order to achieve high growth rates, we cannot depend solely on agriculture since the agricultural land in any country is fixed and there is a limitation on the maximum growth rates that can be achieved in...
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...Financial Inclusion-case study Financial Inclusion is a need which has been capturing the attention of the governments and policy makers all over the world. It is a process by which banking services as well as other financial services can be extended to the poorest of the poor in a country. There can be multiple levels of financial inclusion. Banks have at one end the high end customers for whom they are offering wide range of products & services. At the other end there are customers having only the savings bank accounts & withdrawal facilities. Governments have followed different approaches to achieve financial inclusion .The US government expanded the scope of financial inclusion through statutory enactments. e.g. Community Reinvestment Act. In France, it is a statutory right of every individual to have a bank account. Internationally Financial Inclusion has a wider perspective, a mere current & saving account holdings cannot be an accurate indicator for the financial inclusion. A financial inclusion taskforce in UK identified three priority areas namely 1) Access to banking 2) Access to affordable credit 3) Access to advisory services. UK has established a financial inclusion fund for removing financial exclusion. A post office card account has been created for people who are unable to access basic bank account. Community Advance Finance initiative was introduced to promote financial literacy among people. Housing Reimbursement Act in US prohibits...
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...Impact of Visual Communication in Rural Markets Submitted By: Name: Sujit Mishra Course: PGDM- Marketing Roll No: 056 Under the guidance of: Dr. Ramkishen. Y Faculty in Marketing K J SIMSR K J Somaiya Institute of Management Studies & Research IV Trimester, 2012 Abstract: Rural marketing involves addressing around 700 million potential consumers, over 40 per cent of the Indian middle-class, and about half the country's disposable income. According to a NCAER study the consuming class households in rural equals the number in urban and awareness The recent NCAER publication "The Great Indian Middle Class" further reveals that the Indian middle class consisted on 10.7 million households or 57 million individuals of which 36 per cent lived in rural areas. Companies are always looking for tools and ways to increase the brand visibility and communication. Brand communication to the consumers is always an important marketing goal of marketers. In doing so, they spend a lot through their marketing services firm, which provides the advertising and communication services to the client firms. Promotion of brands in rural markets requires the special measures. Due to the social and backward condition the personal selling efforts have a challenging role to play in this regard. Going by some of the characteristics of the rural public, which are high brand loyalty, low income influenced by seasonal fluctuations, low...
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