...Executive Summary Foreign trade has been considered as an engine of economic growth. The progress of a country to a large extent depends on their ability to trade relatively freely with the rest of world. The rapid export growth not only contributes directly to economic growth but it permits more imports and rapid modernization of production. It is necessary to understand Indian Fertilizers Industry position in world trade and their promotional strategy for integrating India with the world trade. In terms of Indian Fertilizer Industry, Composition of Foreign Trade, Direction of Exports and Imports and Major Problems of Indian Fertilizer Export Sector will be analyzed. Overall the industry specific export-import scenario, avenues and prospects, India’s competitive advantages and disadvantages and suitable export strategies to boost the exports of carpet related products will be discussed. Though economic relations between India and Korea have been strengthening, the current size of trade and investment between the two countries is relatively low compared to the size and structural complementarities of the two economies. In this context, the present paper analyses trade and investment relations and explores future areas of potential co-operation between India and Korea. We find that the increase in merchandise trade between the two countries has been mainly because of the changing demand structure and comparative advantages of both the economies in complementary sectors in...
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...India Introduction India is located in southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan. It is the world's seventh largest country and second only to China in terms of population. India has long been a country plagued with poverty, but is now building itself and its economy. It is accomplishing this with new entries into the world market and a different outlook on economics. The future of India is uncertain for the moment, but the opportunity for growth and prosperity is most assuredly present. It will take time for India to emerge as a nation free from its problems, but is plausible with international trade. India’s Culture and Its Economic Implications India is certainly a country that is rich in history and culture. India acquired its independence from Britain on August 15th in 1947. Unlike the American and French revolutions, the Indian revolution was one of peace and temperament. The diversity that now exists within the borders of India is evident in the colorful mix of languages, ethnicity, and religious beliefs. As a throwback to the era of British rule, English is most important language for national, political, and commercial communication. However, Hindi is the national language and primary tongue of 30% of people. There is also a blend of several other languages that are spoken throughout India such as Bengali, Telugu, Marathi, Tamil, Urdu, Gujarati, Malayalam, Kannada, Oriya, Punjabi, Assamese, Kashmiri, Sindhi,...
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...Illiteracy And Educational Problems In India India though is fast developing as super power with impressive industrial growth and economic development,it is falling behind on human development index.The education scenario is alarmingly dismal at the grass-root level.India’s education program is falling behind other nations.It is a country with population already touching one billion while only one third will be able to read.Due to various social and economic problems India’s education programme is besieged with many problems.Of the biggest victims are those living in the rural areas.Allocation of government funds and the conditions of the destitute rural schools contribute to the low quality of education by rural children.Many children living in rural areas receive a level of education which is very poor.Overall enrolment in primary and middle schools are very low.50% of the children living in these areas leave school before the 5th class.These children leave school for many reasons – lack of interest,working in the fields where hours are long and pay is low.A large percent of dropouts are female children.Forced by their parents most girls perform chores and tend the family at home.These are some of the reasons why female literacy stands low in India.As these children grow into adults,many are still illiterate by the age of 40.These uneducated adults are also reluctant to send their own children to school.This creates a vicious circle where whole section of the community...
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...economic context, it refers to the reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services and labour... although considerable barriers remain to the flow of labour... Globalization is not a new phenomenon. It began towards the end of the nineteenth century, but it slowed down during the period from the start of the first World War until the third quarter of the twentieth century. This slowdown can be attributed to the inward-looking policies pursued by a number of countries in order to protect their respective industries... however, the pace of globalization picked up rapidly during the fourth quarter of the twentieth century. INDIAN ECONOMY: Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly knownas,...
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...Nevertheless, land and other resources are distributed unequally in the Indian economy. In terms of size, major land holdings are concentrated with a few farmers which results in the poverty of the rural sector. Such land inequalities reflect the imbalance that exists in the rural society today (“Causes of poverty in India,” 2012). Besides land, India is a great source for natural resources. It is abundant in iron, manganese, mica, coal and perennially flowing rivers that are used to generate hydroelectricity. Also, the purchase of agricultural land is not funded by banks. This restricts enterprise in agriculture. The lack of infrastructure adds to this dilemma. The underdeveloped transport and means of communication interfere with the development of the society and the nation as a whole. This adds to the poverty of the country. Inefficient transport makes transfer of services difficult. Agricultural marketing is difficult and defective, industries are devoid of power supply and raw materials and marketing of finished goods is improper (Pooja Mehta, n.d.). According to statistics, approximately 60% of the India’s population is employed in agriculture whereas the contribution of agriculture to the GDP of the country is only 18% (“Poverty in India,” n.d.). However, despite the copious resources and massive man power that India possesses, it lacks proper...
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...ILLETRACY India though is fast developing as super power with impressive industrial growth and economic development,it is falling behind on human development index.The education scenario is alarmingly dismal at the grass-root level.India’s education program is falling behind other nations.It is a country with population already touching one billion while only one third is able to read.World’s 30%illiterate population comes from India. India though is fast developing as super power with impressive industrial growth and economic development,it is falling behind on human development index.The education scenario is alarmingly dismal at the grass-root level.India’s education program is falling behind other nations.It is a country with population already touching one billion while only one third will be able to read.Due to various social and economic problems India’s education programme is besieged with many problems.Of the biggest victims are those living in the rural areas.Allocation of government funds and the conditions of the destitute rural schools contribute to the low quality of education by rural children.Many children living in rural areas receive a level of education which is very poor.Overall enrolment in primary and middle schools are very low.50% of the children living in these areas leave school before the 5th class.These children leave school for many reasons – lack of interest,working in the fields where hours are long and pay is low.A large percent of dropouts...
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...import and capacity licensing restrictions and adopted the Washington Consensus. Financial controls were enforced by the International Monetary Fund (IMF), thus making major economic reforms in India that would grant them loans in order to move it along toward a more market-oriented economy. The focus of these reforms was to reduce the governments’ bureaucracy and stabilize the country’s macroeconomic balance. Competition barriers became less burdensome, inflation was lowered, and the current account was balanced. Even though these issues illustrate a road to improvement, huge fiscal deficits still existed and interruptions and corruption in Pakistan continued. Foreign investment became slow to enter India due to the continued restrictions on foreign ownership, the slow progress of privatization, and India’s substandard infrastructure. To achieve growth in India, significant reforms needed to be passed. Success in India’s growth performance plan for economic and social growth into reality would be the country’s’ biggest obstacle. 1. Why did India experience relatively slow economic growth from independence until 1991? India’s population had reached 1.05 billion by 2002 and was growing at 1.5%, more than the country could support at the time. Domestic issues existed between numerous religions. India’s government adopted an Import Substitution Industrialization model (ISI) in order to protect the economy against foreign competition but this model proved to create a...
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...Department of Management Birla Institute of Technology, International Center Waljat Colleges of Applied Sciences, Muscat P. Box-197, PC-124, Rusayl, Muscat, Oman E-mail: kagoyala@gmail.com Phone 00968 92373238 Abstract The growing integration of economies and societies around the world – has been one of the most hotly-debated topics in international economics over the past few years. Rapid growth and poverty reduction in China, India, and other countries that were poor 20 years ago, has been a positive aspect of Liberalization Privatization and Globalization (LPG). But Globalization has also generated significant international opposition over concerns that it has increased inequality and environmental degradation. There is a need to study the impact of globalization on developing countries from the viewpoint of inward foreign direct investment. Attention should also be focused on the role which some developing countries, particularly from parts of Asia and Latin America, are playing as initiators of globalization through their own MNCs. India opened up the economy in the early nineties following a major crisis that led by a foreign exchange crunch that dragged the economy close to defaulting on loans. The response was a slew of Domestic and external sector policy measures partly prompted by the immediate needs and partly by the demand of the multilateral organisations. The new policy regime radically pushed forward in favour of a more open and market oriented economy. This paper explores...
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...summary: Eli Lilly entered into a joint venture with Ranbaxy in India in 1992. A decade later both must decide whether this relationship remains mutual beneficial. Both companies have enjoyed a strong working relationship with identical value system as well as strong growth. Ranbaxy has become international and thus needs to concentrate more on generics and growth in US and UK; the joint venture with Eli Lilly no longer seems to be central to Ranbaxy’s current goals. With major changes in India’s regulation and patent protection, Eli Lilly can now enter the Indian market independently and soon would enjoy product patent protection. Dr. Lorenzo Tallarigo, president of Intercontinental Operations at Eli Lilly should end the joint venture with Ranbaxy in India. Eli Lilly will purchase all outstanding shares held by Ranbaxy at a fair market value, rebrand its name in India to simply Eli Lilly, and maintain current staff from the joint venture. The current operation from the previous joint venture should be maintained without any additional major changes since profits are already assured beyond 2005. Ranbaxy will be able to focus on the international markets with additional capital and Eli Lilly to continue growth in India. Problem statement: A decade after the formation of the joint venture, several changes have occurred in both the external environment as well as the expectation of the partners. Dr. Lorenzo Tallarigo at Eli Lilly must decide whether to continue the joint venture...
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...BUSINESS GOVERNMENT AND SOCIETY THE POWER OF INTERNET AND ITS IMPACT IN INDIA INDIVIDUAL ASSIGNMENT PGDM[2013–15] BY: R O H I T K U M A R G O E L [DM15142] SECTION 1 Page |2 CONTENTS S.NO. I II III IV V TITLE INTRODUCTION IMPACT ON BUSINESS PRACTISES AND SOCIETY IMPACT ON GOVERNMENT AND SOCIETY CONCLUSION REFERENCES PAGE NO. 3 3 6 6 8 GREAT LAKES INSTITUTE OF MANAGEMENT | Introduction The internet is a medium that is soaring in polarity in almost every facet of the world and is used for a myriad of reasons by persons, universities, governments and businesses. It is the network that facilitates communication among all the smaller networks and individual computer systems that connect to it. It is growing at an impressive rate due to the many services it facilitates, the ease with which services can be created, the presence of a single standard and the global reach that makes national boundaries invisible. With the dramatic increase in bandwidth, decreasing communication costs and an everincreasing number of organizations using it, the Internet has ushered in a revolution. As far as businesses are involved, the internet usage has been tested to a variety of experimentations that seek to determine the viability of using the internet to improve business practices in various industries in India. One particular aspect of business is that the internet marketing has a great impact on society. Around the world, developed countries have improved their communication systems...
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...Sarah Allmond, Kamal Assaf, Doug Bice, and Renee Burkart Dr. Mike Marzano Logistics Management February 21, 2013 Infrastructure in India India’s port, road, and rail networks need massive capital investment. The ports in India are operating beyond their intended capacity in spite of the construction of a number of new sites. Moreover, there are bottlenecks when clearing goods from customs: the time required to clear goods in India is twice that of South Korea and Thailand and three times that of the average for members of the Organisation for Economic Co-operation and Development (OECD). Since most ports are overstretched and the time taken to obtain customs clearance is quite long, companies in India hold large inventories. Poor road and rail networks exacerbate these problems. India is presently ranked 17th in the maritime nations of the world. About 95% by volume and 70% by value of the contry’s trade is carried on through meritime transport. The country’s coastline comprises 12 major ports (Chennai, Ennore, Haldia, Pradip, Kandla, Kochi, Kolkata, Marmagao, Mumbai, New Manglaore, Tuticorin and Visakhapatnam) and 187 minor and intermediate ports. FDI up to 100% under the automatic route is permitted in the construction and maintenance of prots and harbours, maritime transport services and internal waterways transport services. The department of Shipping is also planning to enact a Shipping Trade Practices Act, which is presently in the daraft stage. The government...
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...Secunderabad. ABSTRACT “Make in India” is an international marketing strategy, conceptualized by the Prime Minister of India, Narendra Modi on 25th September 2014 to attract Foreign direct investments from businesses around the world. Ultimately this process will strengthen the India's manufacturing sector. The campaign's purpose is to enhance job creation, boost the national economy and convert India to a selfreliant country and to give the global recognition to Indian economy. The purpose of Make in India is to convert the Indian economy as the manufacturing hub and to transform the Indian economy. India is inviting the investors from the rest of the world by eliminating laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable. India is well known for software industry but lagging in hardware industry, therefore India is importing most of the electronic goods like Mobiles, Laptops, Flat panel LED, LCD TVs from foreign countries like Japan, China USA,UK, Singapore etc. as they have the brand image, therefore now India is focusing on “Make In India”. Though there are some Indian companies, they are not able to capture the major share of the Indian market. In recent years the Indian electronic industry is growing at a brisk pace. It is currently worth US$ 150 Billion and according to industry estimates it has the potential to reach US$ 400 Billion by 2020, with the import bill...
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...Leadership and Power Paper We have described power as the capacity to cause change and influence as the degree of actual change in a targets behavior. Ho Ching’s power as a leader has been recognized by many but would you describe Ho Ching as an influential leader? Ho Ching is a very aggressive leader who takes risk. She pushed forward on the deal with India and overcame different obstacles that were presented thought the years and now because of that her corporation is now starting to see a positive outcome of the India expansion. Based on the excerpt from Ho Ching’s speech, what type of tactics does she use to influence the behavior of others? Ho Ching uses tactics of sympathy and hope by saying that the country was down and going through rough times and now change is occurring in a positive way that looks to be best for the country’s economic growth. Ho Ching most powerful point of persuasion is when she says “Now it’s India’s turn to stir” Ho Ching has been named one of the most powerful leaders in Asia what are her major sources of power? Ho Chings major sources of power come from her power of persuasion, her marriage to the prime minister, and her accomplishments as CEO of Temasek. Ho Ching uses all of this a source of power to help influence the public and potential clients. How would you characterize Ho Ching’s motives? I would characterize Ho Chings motives as bold and aggressive. Ho Ching uses her power to create business with India and increase the profits...
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...| | | Tata Motors, Ltd., the automobile division of the global conglomerate the Tata Group, was India’s leading commercial vehicle manufacturer and the third largest passenger vehicle maker in 2012; culminating into unprecedented growth in several areas and, as mentioned in the case study presented by Turnipseed and Gamble of The University of South Alabama, helped to make Tata India’s highest revenue generating automobile company (as cited in Thompson, Peteraf, Gamble, & Strickland, 2013, p. C-246). In the international marketplace, Tata is also very competitive, particularly in China and emerging economies such as Brazil and several countries in Africa. Although the company’s 2012 annual report, along with the analysis conducted by Turnipseed and Gamble, provide an optimistic view of the company’s long-term fiscal health and ability to continue to compete; further research and analysis indicate several challenges and a variety of obstacles for Tata to overcome if it is to become “a global contender in the automobile industry.” The case study that follows offers insight into the macroeconomic environment in which Tata operates, specifically in India, the competitive forces applying pressure on, not just Tata, but the global auto industry as a whole and, finally, a brief analysis of the firm’s financial performance over the past five years. Subsequent to this, we shall uncover the key success factors for Tata and its core competencies and deficiencies; what...
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...one of the G-20 major economies and a member of BRICS. On a per capita income basis, India ranked 140th by nominal GDP and 129th by GDP (PPP) in 2011, according to the IMF.[13] The independence-era Indian economy (from 1947 to 1991) was based on a mixed economy combining the worst features of capitalism and socialism, resulting in an inward-looking, interventionist policies and import-substituting economy that failed to take advantage of the post-war expansion of trade.[14] This model contributed to widespread inefficiencies and corruption, and the failings of this system were due largely to its poor implementation.[14] In 1991, India adopted liberal and free-market oriented principles and liberalized its economy to international trade under the guidance of Manmohan Singh, who then was the Finance Minister of India under the leadership of P.V. Narasimha Rao the then Prime Minister who eliminated License Raj a pre- and post-British Era mechanism of strict government control on setting up new industry. Following these strong economic reforms, and a strong focus on developing national infrastructure such as the Golden Quadrilateral project by Atal Bihari Vajpayee, the then Prime Minister, the country's economic growth progressed at a rapid pace with very high rates of growth and large increases in the incomes of people.[15] India recorded the highest growth rates in the mid-2000s, and is one of the fastest-growing economies in the world. India has recorded a growth of over 200 times...
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