people have nearly 3‚287‚263 square kilometers of land to use‚ approximately 170 million hectares of which is available for farming. These 170 million hectares has the potential to yield enough crops for India to place India at the top of the crop yields for the entire world. In fact‚ in 1999‚ India had the second highest crop yields in the world for both rice and wheat. India’s economy does not rely heavily on export and these crops primarily stayed in the country‚ helping to feed some of the 1.15
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a dependent one. India was under the frontier tenet for more than 200 years. India gained independence in the year 1947‚ following battle and diligence. In spite of the different innovative and social headway’s; technological and cultural advancements that were seen under the colonial rule; it likewise became responsible for India to turn into a retrogressive and ward country. Misuse and exploitation under the provincial tenet was of different structures‚ which prompted India being in a ceaseless
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more efficient. This period of economic transition has had a tremendous impact on the overall economic development of almost all major sectors of the economy‚ and its effects over the last decade can hardly be overlooked. Besides‚ it also marks the advent of the real integration of the Indian economy into the global economy. India is in the process of restructuring her economy‚ with aspirations of elevating herself from her present desolate position in the world‚ the need to speed up her economic
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foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses‚ declines in consumer wealth estimated in trillions of US dollars‚ and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. Causes for the crisis. The immediate cause of the crisis was the bursting of the United States housing bubble‚ which peaked in 2006‚ caused the values of securities tied to
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“Historically‚ recessions have developed over time. This one seems to have developed overnight (Partilla).” This thought is thought to stress the fact that while recessions are at times rare‚ when they do occur they can have a devastating effect. A recession or economic downturn is defined as a period is temporary economic decline during in which trade and industrial activity are reduced. Economic recession is generally accompanied by a rise in unemployment‚ high inflation‚ and decline of the housing
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Week Two Essay Great Recession If I had to choose on even that will have significance in my life it would have to be “The Great Recession”. The economic turmoil that started in early 2008 by the fall of Bearn Stern the 4th largest Investment Banking firm in the U.S. followed by the collapse of Leman Brothers in September of 2008 has led to the worst recession since the World War II and has been called The Great Recession. Being 31 years old and having witnessed recessions before as well as transformation
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Applied Research 13 March 2013 Economic Recession Affects Present and Future of Luxury Hotels This paper will discuss how economic recession affects present and future of luxury hotels. Society has been affected on all levels by the economic recession beginning around 2007 2008‚ including the hotel industry. Through this economic recession‚ the industry has seen the effects on business and leisure travel. While corporate travel has been more affected by the recession‚ leisure travel to luxury hotels has been affected in
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Glynn Lowth‚ Malcolm Prowle‚ Michael Zhang Nottingham Business School The impact of economic recession on business strategy planning in UK companies Research executive summary series Volume 6 | Issue 9 Key findings: The key findings from this research were: • There is very little optimism about the prospects for the UK economy in the short to medium-term. • There is quite a degree of optimism from companies about their own commercial future based on a combination of factors such
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When everyone thinks of a recession they think of the great 1930’s depression and the causes of it. However‚ just recently back in 2008 the United States also felt the effects of a recession that still lingers today. A recession is defined as a significant decline in activity across the economy‚ lasting longer than a few months. It is visible in industrial production‚ employment‚ real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative
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Australia going into recession Submitted to Submitted by Bhagwant Virk What is recession? Recession is a significant decline in economic activity mainly a decline in GDP of an economy for two or more successive years. Recession results in major sink in stock market‚ real income ‚industrial production‚ employment opportunities and real estate. What Causes recession? 1. Any economy typically goes to recession for six months extending to two years. 2. A recession normally takes place when consumers
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