Indian Railways has a wide network throughout the nation. With the help of this widely spread railway networks‚ you can reach any place of India. Both passengers and freight can be transported to anywhere of India by the help of Indian Railways. This also creates impact on the Indian Economy. This article deals with how Indian Railways impact the Economy of India or the impact of Indian Railways on the Indian economy. India is a land of diverse culture as well as religion. In different parts of
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Q: Write a note on External sector in Indian Economy? External Sector The external sector plays a key role in enabling the conditions to accelerate the pace of external liberalization process. Despite the international uncertainties‚ Indian external sector is in a strong position and driving the macro-economic strength of the country. Global imbalances and their disruptive impact on currency markets‚ hardening of interest rates‚ volatility in crude oil price etc. continue to be some of the major
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current global order‚ where the world has become a big village‚ consumers take a global look at the products and services in terms of price‚ quality‚ delivery and after-sale services. This trend has sown the seeds of competition in every sector of economy and banking sector is no exception to this event. Banking‚ the world over‚ has been changing at a spectacular pace. This change is due to multifarious factors like the need to be efficient in functions‚ thirst for becoming finance superpowers than
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“The Cricket Match” Samuel Selvon’s short story‚ “The Cricket Match” explores the subtle racial tensions amongst West Indian immigrants living in England whilst working with English counterparts. Selvon sets his narrative in a tyre factory in Chiswick‚ England. Most likely‚ the timeline in which this story occurs is somewhere in the mid 1950’s when England were still colonists of most of the English speaking Caribbean islands. The main idea behind Selvon’s tale lies with Algernon the protagonist
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Current State of the Indian Economy The current scenario of Indian economy has been characterised by optimistic growth and strong macro-economic fundamentals‚ particularly with tangible progress towards fiscal consolidation and a strong balance of payments position. The advance estimates (AE) of Gross Domestic Product (GDP) at factor cost for 2006-07 has been placed at 9.2 per cent. The industrial sector has shown impressive growth in the current year. Year-on-year industrial growth of
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WTO AND IMPACT ON INDIAN INDUSTRY INTRODUCTION India is a founder member of the General Agreement on Tariffs and Trade (GATT) 1947 and its successor‚ the World Trade Organization (WTO)‚ which came into effect on 1.1.95 after the conclusion of the Uruguay Round (UR) of Multilateral Trade Negotiations. India’s participation in an increasingly rule based system in the governance of international trade is to ensure more stability and predictability‚ which ultimately would lead to more trade and prosperity
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The economy of India is as diverse as it is large‚ with a number of major sectors including manufacturing industries‚ agriculture‚ textiles and handicrafts‚ and services. Agriculture is a major component of the Indian economy‚ as over 66% of the Indian population earns its livelihood from this area. However‚ the service sector is greatly expanding and has started to assume an increasingly important role. The fact that the English speaking population in India is growing by the day means that India
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SWOT Analysis of Indian Economy India is the ninth largest economy in the world in terms of GDP. The Indian Economy due to its peculiar trends has been a subject of interest for the world. After independence‚ the Indian economy was more like a socialist economy: democratic‚ large public sectors and heavy regulations on private sectors. Around the 1990s the economy reached a point of stagnation. Then‚ in 1991‚ India saw the largest economic reforms pioneered by Dr Manmohan Singh‚ the then finance
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INTERNATIONAL FINANCE TOPIC: “BALANCE OF PAYMENT AND INDIAN ECONOMY INTRODUCTION BALANCE OF PAYMENT According to Reserve Bank of India‚ the balance of payments of a country is a systematic record of all economic transactions between the residents of a country and the rest of the world. It presents a classified record of all receipts on account of goods exported‚ services rendered and capital received by residents and payments made by them on account
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Cricket‚ one of the best sports any can play‚ where eleven fielders and two batsmen stand on a field trying to show how they are better than the other. This was definitely not the case at one of the best cricket matches I have ever been to. The Asian XI VS The Rest of the World XI match which was played at the Melbourne Cricket Ground in January 2005. This match was played for the reasons of Charity for the Boxing Day Tsunami disaster in 2004. The match was very different to a normal cricket match
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