Preview

Recession in India

Powerful Essays
Open Document
Open Document
4545 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Recession in India
WWW.JAGRANJOSH.COM

Solved Practice Question Set on English Language for IBPS PO Exam 2012:Set- 2

Solved Practice Question Set on English Language for IBPS PO Exam 2012:Set- 2

Directions-(Q. 1-15) Read the following passage carefully and answer the questions given below it. Certain words / phrases have been printed in bold to help you locate them while answering some of the questions. India is rushing headlong towards economic success and modernisation, counting on high tech industries such as information technology and biotechnology to propel the nation to prosperity. India's recent announcement that it would no longer produce unlicensed inexpensive generic pharmaceuticals bowed to the realities of the World Trade Organisation while at the same time challenging the domestic drug industry to compete with the multinational firms. Unfortunately, its weak higher education sector constitutes the Achilles' heel of this strategy. Its systematic disinvestment in higher education in recent years has yielded neither world-class research nor very many highly trained scholars, scientists or managers to sustain high-tech development. India's main competitors - especially China but also Singapore, Taiwan, and South Korea-are investing in large and differentiated higher education systems. They are providing access to large numbers of students at the bottom of the academic system while at the same time building some research-based universities that are able to compete with the world's best institutions. The recent London Times Higher Education Supplement ranking of the world's top 200 universities included three in China, three in Hong Kong, three in South Korea, one in Taiwan, and one in India. These countries are positioning themselves for leadership in the knowledge-based economies of the coming era. There was a time when countries could achieve economic success with cheap labour and low-tech manufacturing. Low wages still help, but contemporary large-scale

You May Also Find These Documents Helpful

  • Good Essays

    The economy as we know it today is developing a recession with rising unemployment. The US economy has experienced a decrease in real output for one quarter and leading indicators point to continued contraction in the current quarter. The unemployment rate last month was 5.8% and is expected to rise above 6% in the current quarter. With strict discipline, we can utilize fiscal or monetary policy tools in order to bring this nation back to an equilibrium state of mind. I will recommend in detail form how we can either use an expansionary fiscal policy or an expansionary monetary policy in order to achieve equilibrium. Either or, to bring this economy out of recession, an expansion of real GDP needs to occur to close this recessionary gap.…

    • 639 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Recessions are generally believed to be caused by a widespread drop in spending. Beginning in the United States in December 2007 the industrialized world has been undergoing a recession, a pronounced deceleration of economic activity. The financial crisis has been linked to reckless and unsustainable lending practices resulting from the deregulation and securitization of real estate mortgages in the United States. Whatever the cause, there is one question that has been getting the least amount of attention; what effects does the economy have on our health as a society? The World Health Organization has defined health as being "a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity”. So,…

    • 995 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Recession In America

    • 322 Words
    • 2 Pages

    The data display’s a number of different years that the country was in a time known as a recession, here the country was in a state of negative economic growth. The period from 1930 to 1933 was known as the Great Depression, this was the worst time in America’s history that the economy preformed so poorly. Demand for goods was very low and people attempted to save money to weather the poor economy but this created stagnation which prolonged the depression. The Great Depression ended through the government’s increased involvement in the economy, in the short run. The economic downturn that America experienced in 1946 was due to a decrease in productivity because World War 2 was coming to a close. According to the article Stimulus by Spending…

    • 322 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Going Into Recession

    • 1735 Words
    • 7 Pages

    From the graph below, we can analyze that GDP growth rate in Australia has declined from 1.1 percent to 0.6 percent in December quarter of 2015.…

    • 1735 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Indian companies have major outsourcing deals from the US. India's exports to the US have also grown substantially over the years. More people have sold the shares in the indian share market than they bought in the recent weeks. This has added to the fall of sensex to lower points.…

    • 1102 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    IMPACT OF GLOBAL RECESSION ON INDIAN CORPORATE SECTOR (A synopsis submitted to DRAVIDIAN UNIVERSITY in partial fulfillment for the award of the Degree of Doctor of Philosophy in Management)…

    • 4419 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    1. GROSS DOMESTIC PRODUCT -----------------------------------------------------------------------------------------------------------------GDP at factor cost and GNP – trend analysis & sectorial analysis Despite several problems faced by the Indian economy many economists point to potential strengths of the Indian economy which could enable it to continue to benefit from high levels of economic growth in the future.…

    • 5012 Words
    • 21 Pages
    Best Essays
  • Powerful Essays

    Education System in India

    • 2469 Words
    • 10 Pages

    University departments impart postgraduate education and conduct and promote research in a variety of disciplines.…

    • 2469 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    What happened was this: banks were approached by thousands of possible new home owners asking for loans. This was during a period where the United States real estate market was climbing fast, and the value of homes was rising quickly. The banks approved these ‘bad’ or ‘sub-prime’ mortgages under the mentality that if the new home owners were to foreclose, the property would have a higher value than what it originally was due to the climbing real estate market, meaning that the bank would not lose money but make a profit! What actually happened was that the real estate market crashed, and banks were out of pocket due to the massive numbers of foreclosures on mortgages occurring. This set off the global financial crisis, which led to a global economic downturn and the recession in most developed countries. All that because of some bad debts in the States!…

    • 2678 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Indian Economy

    • 1585 Words
    • 7 Pages

    1. W hat are the features of an Underdeveloped Economy? How far is India still characterized by…

    • 1585 Words
    • 7 Pages
    Satisfactory Essays
  • Better Essays

    The Indian Economy

    • 1228 Words
    • 5 Pages

    After independence, India chartered a path of economic development based on mixed economy, building a new industrial structure around the public sector and a closely monitored, regulated and controlled system where government played the role of licenser in the process of building industry.…

    • 1228 Words
    • 5 Pages
    Better Essays
  • Good Essays

    India Economy

    • 436 Words
    • 2 Pages

    The two opposing pressures results in 4 different basic strategies that companies can use to compete in the global marketplace: international, global, multi-domestic, and transnational. Explain fully each strategy and discuss in detail the advantages and risks of each in India.…

    • 436 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    A CAREER THAT IS CHALLENGING AND INTERESTING. A JOB THAT GIVES ME OPPORTUNITIES TO LEARN AND TO INNOVATE, TO TEACH AND TO LEAD OTHERS AND TO FEEL THE SATISFACTION OF SUCCESS IN A DYNAMIC ORGANIZATION THAT VALUES INNOVATION AND PROMISES BRIGHT GROWTH PROSPECTS.…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Recession in India

    • 909 Words
    • 4 Pages

    The fear of a recession looms over the United States. And as the cliche goes, whenever the US sneezes, the world catches a cold. This is evident from the way the Indian markets crashed taking a cue from a probable recession in the US and a global economic slowdown.…

    • 909 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Higher Education in India

    • 6255 Words
    • 26 Pages

    Autonomy of Universities, Access, Equity, Caste-based Reservation, Quality, Cost of Education, Declining Enrolment in Traditional Fields of Knowledge, Red Tapism, Vocationalization at the First Degree Level,Privatization and other Domestic Issues and Challenges of Higher Education in India…

    • 6255 Words
    • 26 Pages
    Powerful Essays