Patel-20135033 Mruganda Shah-20135038 Lakshman Shastri-20135031 Macro Economics Assignment-I Question 1: History of Devaluation of Indian Rupee & its Impacts The Indian rupee, which was on par with the American currency at the time of Independence in 1947, has depreciated by a little more than 65 times in the past 66 years. At the time of independence, there were no foreign borrowings on India's balance sheet. After independence, India had chosen to adopt a fixed exchange rate currency regime. The
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policy ECONOMY OF INDIA The economy of India is the eleventh largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. On a per capita income basis, India ranked 140th by nominal GDP and129th by GDP (PPP) in 2011, according to the IMF. After the independence-era Indian economy (before and a little after 1947) was inspired by the Soviet model of economic development, with a large public
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Tamil Nadu National law School PRIVATE SECTOR IN INDIA: BOON OR BANE SUBMITTED IN THE PARTIAL FULFILLMENT OF B.A.L.L.B (Hons.), THIRD SEMESTER Submitted to: Submitted by- Mr.Yuvraj Akash Gupta BA0130005
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to earn on their investments, and this similarly helps the borrowers to fulfill the need of the money. A financial system helps promotes the wellbeing and also helps in improving the living standards of people. Lets start with the Capital Market in India first. Capital Market is a market in which individuals and institutions trade financial securities. The securities are sold off and bought in capital market for raising the funds (Investopedia, 2013). Capital Market includes both primary and secondary
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Globlization Tara Heyano WGU GLT1 Globlization India gained its independence from English rule in 1947 after more than 200 years of colonial rule. The Chines Communist gained control of mainland China in 1949 after a prolonged civil war, in 1949 just after these two events took place China and India were some of the poorest nation on the planet. Most of the population of these countries were considered rural dwelling 85% of China’s population and 90 % of India’s population lived in the
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more important in the course of working of the money market and hence the economy of a nation. The banking sector forming a portion of the financial sector primarily works as a financial intermediary generating money supply. From the different macro economic models , banks have been found to be a part of the supply side of the economy . However, over time banks have transformed from merely money generating organizations to a multi tasking entity. In this paper, we shall deal with the role of banks in
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EFFECT OF GLOBALIZATION ON INDIA’S ECONOMIC GROWTH Kishore G. Kulkarni, Ph.D., Professor of Economics, And Editor, Indian Journal of Economics and Business (visit: www.ijeb.com) Metropolitan State College of Denver, Campus Box 77. P. O. Box 173362, Denver, CO 80217-3362, USA. First draft of this paper was presented in the Oxford Roundtable Conference held in Oxford University, UK, in July 2005. Author thanks School of Business, MSCD for financial
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demonstrate Chinese rates of growth? Over the past two decades, one of the most compelling economic stories has been the rise of India and China, two of Jim O’Neill’s “BRIC” countries (FT Magazine, 2010). Despite the implementation of different economic policies (Gupta, 2008) both countries have emerged as major economic forces in the global economy (Bosworth and Collins, 2007), most notably since 1980. Since then, India and China have experienced a significant reduction in poverty with China lifting 500
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MACRO ECONOMICS - Prof. POOJA MISHRA AGRICULTURAL SECTOR IN INDIA GROUP DETAILS Aashish Kumar Arya 13DM003 Akanksha Khar 13DM017 Abhay Goyal 13DM006 Akash Jain 13DM019 Abhishek Surendra Rane 13DM008 Ankit Saraff 13DM029 INDIAN AGRICULTURAL SECTOR EXECUTIVE SUMMARY India accounts for only about 2.4 % of the world’s geographical area and 4 % of its water resources, but manages about 17 % of the world’s human population and 15 % of the livestock. Agriculture is a critical sector of the
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1 POLICY REFORMS AND TRADE LIBERALIZATION IN BANGLADESH I. MAIN FEATURES OF BANGLADESH ECONOMY GDP and its composition. During the fiscal year 2002-2003, the GDP of Bangladesh stood at around $52 billion. The growth rate of GDP has picked up in recent years. Thus, during 1980-90, it grew annually at 3.7 per cent on average, barely above the population growth rate. On the other hand, it approached an average annual rate of 5 per cent during 1991-2002. The relative shares of consumption and
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