policies governed India. Economy was characterized by extensive regulation and public ownership of large monopolies. Owing to economic liberalization in 1991, the country moved to a market based economy and slowly established itself as the world’s fastest growing economies when it reached its highest recorded GDP growth rate of 9%. However there has been significant debate, around liberalization as an inclusive economic growth strategy. Since 1992, income inequality has deepened in India with the wealthiest
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ISSN 2322-083X Indian Technology and Globalization: A New Wrapper on Old Context Soma Bandyopadhyay Department of Computer Science and Engineering MCKV Institute of Engineering Howrah, India Basab Bandyopadhyay Department of Civil Engineering Professional Engineering Services Pvt. Ltd. Kolkata, India Abstract The objective of this paper is to explain the meaning of Globalization and to explore the impact of globalization in Indian context. Our study has two major goals: To analyse the globalization
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NON-PERFORMING ASSETSCHALLENGE TO THE PUBLIC SECTOR BANKS INTRODUCTION After liberalization the Indian banking sector developed very appreciate. The RBI also nationalized good amount of commercial banks for proving socio economic services to the people of the nation. The Public Sector Banks have shown very good performance as far as the financial operations are concerned. If we look to the glance of the financial operations, we may find that deposits of public to the Public Sector Banks have increased
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REASONS FOR INFLEXION POINT IN NATIONAL INCOME TREND SINCE 1990-1991 Analysis from 1990-91 Now, coming to identifying the inflexion points in analyzing the National Income from 1990-91, we are able to find multiple inflexion points. Although such is the case, we would like to choose the point where there is a dramatic inflexion. Based on this opinion we would like to choose the year 1991-92 as the inflexion point over the time period in discussion. Let us now have a look at the reasons for this
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IRJC International Journal of Marketing, Financial Services & Management Research Vol.1 Issue 8, August 2012, ISSN 2277 3622 FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH IN INDIA R. ANITHA* *Assistant Professor, Anna Adarsh College for Women, Chennai, Tamil Nadu, India. ABSTRACT Foreign Direct Investment (FDI) plays a very important role in the development of the nation. It is very much vital in the case of underdeveloped and developing countries. A typical characteristic of these developing
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increasing costs of labor in China and rising Chinese taxes on foreign enterprises has forced many U.S firms to expand its long-term operations in Vietnam. Within the last five years, Vietnam had become a more popular off shoring network than China and India. Vietnam has the second-highest gross domestic product growth after China and now the third-largest offshore network destination in Southeast Asia. The Vietnamese labor pool consisted of an estimated 80,000 plus IT graduates. More than half of Vietnam’s
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Exporter or raw materials, mainly to England * Completely destroyed traditional industries * Nascent stages of development of a small group of capitalists Debate on type of economic system to be adopted: * Capitalist v/s socialist * Bombay plan of 1944 * USA v/s USSR * Prevailing socio economic conditions Beginning of FYPs * Borrowed the concept from USSR * Tweaked it according to prevailing situations * Nehru Mahalanobis model * Emphasis on self reliance
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Indian Financial Sector Reforms: A Corporate Perspective Jayanth R. Varma Reproduced with the permission of Vikalpa, the journal of the Indian Institute of Management, Ahmedabad, in which the paper was first published (January-March 1998, 23(1), 27-38). Ó Vikalpa (http://www.iimahd.ernet.in/vikalpa). All rights reserved Until the early nineties, corporate financial management in India was a relatively drab and placid activity. There were not many important financial decisions to be made for
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Pre-Liberalization Phase- Before 1991: * Until 1930s cars were imported and that to very small in numbers. Hindustan Motor’s Ambassador, Premier Padmini’s Fiat and Mahindra & Mahindra’s Jeep were only 3 major Car producers in India and these companies dominated Car Industry from 1940s to mid 80s. * In 1955 Royal Enfield from UK was the first company to export motorcycle to India. This happened due to the requirement of rough, strong motorcycle by Indian Army. Bullet and Rajdoot were 2
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argument is agreeable that Trade liberalization happening in many countries in context of globalization especially in Asian countries like INDIA, Indonesia, China and other countries in Asia, has been helped by the economic reform measures taken. While talking about globalization and trade liberalization of INDIA, it’s important to know the major steps taken by India in last few years to be a part of the world market with foreign direct investment, free trade and levied tariffs on taxes, and other duties
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