I am ritz varghese from fy a&f | In the year 2004 India had a population of 1,080 million, of whom 672 million people were in the age-group 15 to 64 years. This is usually treated as the "working age population". Since outside of this age group very few people work, it is reasonable to think of the remainder, that is, 408 million people, as the "dependent population". A nation's "dependency ratio" is the ratio of the dependent population to the working-age population. In the case of India
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able to: ̈ Understand that economic growth is due to growth in inputs, such as capital and labour, and to improvements in technology. ̈ Understand that capital accumulates through savings and investment. ̈ Understand that the long run level of output per person depends positively on the savings rate and negatively on the rate of population growth. ̈ Understand that the basic economic growth model predicts that standards of living in different countries will eventually converge
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Growth of Banking and Development in India The world’s second largest populated country, India, is the apple of the eye for the world now. The world economies are seeing it as their potential market. This has been going on since quite some time now, ever since 1991 reforms of liberalization, globalization and privatization. Indian markets in urban areas have grown appreciably and are on the verge of saturation, so corporates have started tapping rural markets, since more than 60 per cent of India’s
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cannot be denied that from past to now the economic world has suffered a lot of crises such as the East Asian financial crisis in 1997, the 2000s energy crisis and especially the global financial crisis in 2008 which had a significant impact on the world economy until now. Generally, the financial recession of 2007-2008 damaged whole economy of the world and caused the steady rise in unemployment rate. Thus, people lost the confidence on saving and spending which lead to the reduction of money supply
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The Effect of Microfinance Institutions in Promoting Savings CHAPTER ONE INTRODUCTION 1. Overview The chapter will constitute Background of the study, statement of the problem, objectives of the study, research questions, significance of the study, scope of the study, limitations of the study and conceptual frame-work of the study. 2. Background to the study The micro finance business embraced today arose in Bangladesh in 1976 with the founding of the Grameen Bank. It became popular
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unilateral transfers) making up the account. When a current transaction enters the account, it is recorded as a credit and when a value leaves the account, it is recorded as a debit. Therefore, a CAD occurs when a country is investing more abroad than saving at home or when more money is being paid out than brought into a country. What it actually tells us is that the nation
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have turned to be further inter-associated with internationalization. For instance, credits to growing nations from the International Monetary Fund (IMF) and the World Bank increase to the home supply of finance, causing high government spending and venture and/ or lowered foreign exchange deficits. Bilateral growth co-operation and World Bank lending always promote home credit organizations and schedules in growing nations. Through this manner, the 8-10 million families that take credit from micro-credit
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i The Poor and Their Money An essay about financial services for poor people Stuart Rutherford Institute for Development Policy and Management University of Manchester January 1999 The Department for International Development will be publishing this work in New Delhi during 1999. For further information contact Sukhwinder Arora at the Department for International Development, New Delhi, India. ii PREFACE Over the last 15 years initiatives to provide financial services to poor people (the
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A STUDY OF RELATIONSHIP BETWEEN DOMESTIC SAVING AND INVESTMENT IN INDIA FROM 1950-51 to 2006-07 Soni Kshamank MSc. (Hons) Economics, 4th year, Birla Institute of Science and Technology and Science, Goa, India Email: kshamanksoni@gmail.com Bhala Shailesh N. MSc. (Hons) Economics, 4th year, Birla Institute of Science and Technology and Science, Goa, India Email: shailesh2710@gmail.com Goel Mridula Associate Prof. and Head of Department Of Economics, Birla Institute of Science and
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relates it to other major macroeconomic events and helps us to grasp its implications for welfare and policy. Any attempt to do this must take into consideration a major change in the pattern of asset trade between the United States and the rest of the world (see figure 11.2). During the second half of the 1990s, the United States accumulated foreign assets and liabilities at the rate of $765 billion and $965 billion per year. About two-thirds of this
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