Right from the beginning of their relationship with India‚ the British‚ who had come as traders and had become rulers and administrators‚ had influenced the economic and political systems of the country. Their impact on the cultural and social life of India was‚ however‚ gradual. Till 1813‚ they followed a policy of non-interference in the social and cultural life of the Indians. Yet‚ changes were taking place in these fields (the social life of Indians). These changes related to education‚ the condition
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ECONOMIC DEVELOPMENT IN INDIA: THE ROLE OF INDIVIDUAL ENTERPRISE (AND ENTREPRENEURIAL SPIRIT) Anil K. Lal* and Ronald W. Clement** The Indian economy provides a revealing contrast between how individuals react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged individual enterprise have led to higher economic growth in that country. India can generate additional economic growth by fostering entrepreneurial
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Impacts of FDI in India Impact on Farming Communities The emergence of big supermarkets is inevitable once the FDI policy is put into place. What does this mean for the farming community? When supermarkets source from small farmers‚ they tend to buy from farmers who have the most non-land assets (like equipment and irrigation)‚ the greatest access to infrastructure (like roads and cold chain facilities)‚ and the upper size treacle of land (among small farmers). When farmers enter supermarket
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Economic Survey of India 2013 Highlights The Economic Survey 2013 says that foreign exchange reserves were steady at $295.6 billion at December 2012 end. Fiscal deficit may be at 5.3%‚ possible that Chidambadarm may bring it down to 5.2%‚ committed to controlling fiscal deficit. Food inflation was mainly driven by cereal prices. Diesel price hike will put upward pressure on inflation. The Survey also said that the economic slowdown is a wake up call for stepping up reforms. Here are the other
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IMPACT OF GLOBALIZATION ON INDIAN MARKETS The impact of globalization on India is in 2 ways‚ positive and negative. Globalization includes the Indian economy and business firms of the country. The positive impact on the economy of India is very good‚ it has increased the standard of living for people. This is because the consumers are getting better quality products and the manufacturers and firms have better facilities and doing better research which leads to good quality products. In India
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Republic of India GLOBAL MACROECONOMICS Report By: Hina Sharma Executive Summary In this report I will discuss the current state of Economy of the Republic of India‚ the current economic challenges and recommended policy reforms. Key Findings: GDP Growth Of India Is Following A Downward Trend Since Q3 Of 2010-11 The Inflation Rate Is Persistent Investment Confidence Of Businesses Is Falling High Fiscal And Budget Deficit Are A Growing Concern High Corruption Is Affecting
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“ECONOMIC ENVIRONMENT OF BUSINESS PROJECT ON ECONOMIC PLANNING IN INDIA - Prospects & Retrospect” ANKIT KATARYA Subject: Project study on “Economic Planning in India – Retrospect & Prospects” This is regarding the project done by our group for Economic Environment of Business. In this project study we have tried to go through and take reference from various books‚ articles and websites. The project study has been done to critically analyze the
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After India survived the Dotcom bubble in 1997-2000. enthusiastic investment bankers and financial research analysts were tom-toming the “India–shining “story .They forecasted that India would become a major superpower within the next few decades .They forecasted India to grow at an annual rate of 10 %. Billions got invested into India and the sudden influx of money led to some growth .But certain fundamental questions whether this sort of growth would be sustainable in the long run or not‚ is the
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Within the information presented in this course there have been many similarities and differences noted about the French and British rule in western Africa. Because the authoritative forces were of two completely different countries‚ each had their own ideas and concerns for the African nations. It is known‚ the French ruled with a kind of direct force‚ whereas the British ruled with an indirect notion. Though the two separate countries differed in their strategies‚ they each had the aspiration for
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The economy of India is one of the fastest growing economies in the world. Since its independence in the year 1947‚ a number of economic policies have been taken which have led to the gradual economic development of the country. On a broader scale‚ India economic reform has been a blend of both social democratic and liberalization policies. Economic reforms during the post-independence period The post-independence period of India was marked by economic policies which tried to make the country
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