scholarly journals An Impact of Modi’s Government on Indian Economy with Special Reference to Selected Governmental Programmes

2017 ◽  
Vol 7 (2) ◽  
pp. 281
Author(s):  
Prakasha N
Keyword(s):  
Purchasing Power Parity ◽  
Global Economy ◽  
Power Parity ◽  
Economic Sectors ◽  
Average Growth ◽  
Republic Of China ◽  
Indian Economy ◽  
The World ◽  
Investment Rates ◽  
The Impact

<div><p><em>The economy of India is the sixth largest economy in the world measured by Purchasing Power Parity (PPP). The country is classified as a newly industrialized country, one of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7 percent over the last two decades. India’s economy became the world fastest growing major economy in the last quarter of 2014, surpassing the People’s Republic of China. The long-term growth perspective of the Indian economy is positive due its young population, corresponding low dependency ratio, healthy saving and investment rates, and increasing integration into the global economy. This paper deals with the impact of Narendra Modi’s Government on various socio economic sectors of Indian economy. This study is trying to analyse the progressively changes in various economic variables through implementing various welfare programmes in present Indian economy and after the Modi came into power. </em></p></div>

scholarly journals NEED OF GREEN GROWTH IN INDIA

2015 ◽  
Vol 3 (9SE) ◽  
pp. 1-2
Author(s):  
Nancy Chauhan
Keyword(s):  
Natural Resources ◽  
Purchasing Power Parity ◽  
Energy Use ◽  
Resource Depletion ◽  
Environmental Damage ◽  
Power Parity ◽  
Average Growth ◽  
Bric Countries ◽  
The World ◽  
The Government

The Economy of India is the seventh largest in the world by nominal GDP and the third largest by purchasing power parity with approximately 7% average growth rate for the last two decades. Although the years 2012-13 and 2013-14 have been disappointing. India needs the path of high economic growth quickly, which is essential because it will generate huge revenue for the government which can be utilized for social welfare and infrastructure program. But rapid growth is not enough, it must be of the environmental friendly nature. Many countries across the world have not taken into account the consequences of some environmental issues such as air and water pollution, climate change, energy use and natural resource depletion. In a recent global assessment approximately 60% of the world’s ecosystem services were found to be degraded or used unsustainably. This is the same case with India. Though its economic performance has brought immense benefits to its citizens as employment opportunities have increased and millions have been allowed to emerge from poverty; India’s remarkable growth record, however has been clouded by a degrading environment and growing scarcity of natural resources. In a recent survey of 178 countries whose environments were surveyed India ranked 155th overall and almost last in air pollution exposure. The survey also concluded that India’s environmental quality is for below all BRIC countries. Also according to another recent WHO survey across   the G-20 economies, 13 out of the 20 most polluted cities are in India. As the population grows and urbanizes and consumption patterns change, pressure on the country’s natural resources air, water, land and forests will steadily increase. In fact, in the coming years, pressure on India’s environment driven by both poverty and prosperity, is projected to become highest in the world. In such scenario, there is a need of such low cost policy options that could significantly curtail environmental damage without compromising growth.

scholarly journals «Silk Road of Health» – an innovative and infrastructural basis for the post-pandemic recovery of the world economy

2021 ◽  
pp. 179-195
Author(s):  
Kobiljon Kh. Zoidov ◽  
◽  
Alexey A. Medkov ◽  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
System Analysis ◽  
Silk Road ◽  
Health Economy ◽  
Republic Of China ◽  
The World ◽  
R Project ◽  
Passenger Flows ◽  
The Impact

The study is aimed at analyzing the content and main directions of the formation of the transit health economy on the example of the Chinese Belt and Road Initiative (B&R) and its most important component – the Silk Road of Health (SRH), as well as the measures of the Chinese authorities to combat the spread of the COVID-19 coronavirus pandemic. Goal. To identify and analyze the internal contradictions of the B&R Initiative, which the pandemic has clearly shown, to develop proposals for the mutual linking of the various directions of the Chinese project in relation to the development of the transit economy in Russia. Tasks. Description of the content and main directions of the SRH; analysis of measures to combat the spread of the pandemic carried out by the authorities of the People's Republic of China (PRC), its provinces, as well as Russia, other states involved in the B&R project, in the context of modes of transport and the transport and communication system as a whole in the form of restrictions on export-import and transit cargo and passenger flows, difficulties in crossing borders, ship calls at seaports and crew changes; analysis of the impact of the pandemic and measures to combat it on the development of the transit economy. Methodology. The research uses the methods of world system analysis, evolutionary and institutional theory, economic and mathematical modeling, expert and analytical assessments. Results. It is shown that the pandemic has revealed the relevance and importance of the formation and development of the transit economy of health as a key direction of the post-crisis recovery of the world economy and the Russian national economic system. It was determined that the reorientation of cargo flows to rail transport was particularly evident in the field of transportation, which before the pandemic was carried out by air, i.e., in the segment of expensive goods, for which it is important to reduce the delivery time. It is indicated that an important anti-epidemic measure is the growth and passage of containerized cargo. It was emphasized that the high degree of uncertainty with sanitary standards in China creates nervousness in the market of export and transit cargo transportation. The main directions of the formation of SRH in Russia are outlined. Conclusions. The pandemic has increased awareness of the critical importance of digital connectivity to enhance the adaptive capacity of the global community and the global economy to meet today's challenges. Of all the components of the B&R, the anti-pandemic areas of the Initiative, namely, the SRH, the Digital Silk Road (DSR) and the Green Silk Road (GSR), should have priority. Russia should actively promote its own initiatives and projects for the development of the transit economy of health.

Analysis of regional disparities in the Slovak Republic by examining selected indicators

2020 ◽  
Author(s):  
Milan Maroš ◽  
Jarmila Hudáková ◽  
Michal Levický
Keyword(s):  
Purchasing Power Parity ◽  
Regional Differences ◽  
Slovak Republic ◽  
Regional Disparities ◽  
Power Parity ◽  
Average Growth Rate ◽  
Average Growth ◽  
The World ◽  
Per Capita ◽  
The Government

Regional disparities are typical for many countries of the world, as well as for the Slovak Republic. Increasing regional disparities is not in the interest of any country, and is, therefore, a constantly monitored issue. The aim of this article is to analyze the development of regional differences in the Slovak Republic through selected indicators. We performed the analysis at the level of the NUTS III category in the years 1995 to 2018. As selected indicators, we have chosen the development of regional GDP per capita in euros and in purchasing power parity. Several methods can be used to examine the evolution of regional differences. We mainly used the characteristics of variability and also the average growth rate, with which we tried to identify changes in regional differences over time. We found that in the observed period, the differences between the regions of Slovakia increased overall, but the increase in differences prevailed mainly in the pre-crisis years. In recent years, we have seen a slight convergence between the regions. The government in each country always tries to put in place different measures to address this issue, but it does not always succeed. Given the current world situation associated with COVID-19, it is very difficult to predict developments in the coming years.

Making India Globally Competitive

2004 ◽  
Vol 29 (4) ◽  
pp. 1-10 ◽  
Author(s):  
Jagdish Sheth
Keyword(s):  
Purchasing Power Parity ◽  
Global Economy ◽  
Low Cost ◽  
Innovation Process ◽  
Scale Efficiency ◽  
Global Changes ◽  
Public Enterprises ◽  
Power Parity ◽  
The World ◽  
Indian Industries

The fast-paced economic and political changes across the world are forcing India to be more globally-oriented. This paper traces these global changes in a historical perspective and examines how India can be integrated into the global economy. It discusses the primary growth engines at different phases of the world growth cycle and suggests the main area around which there is a need to reengineer the country for global competitiveness. While Western Europe and the US/Canada engineered the 18th and the 19th century growth respectively, the author sees the large emerging nations as the 21st century growth engines and purchasing power parity (PPP) as the new measure of economic growth. As India integrates into the world economy, there is a need for it to reposition itself as a country. From the domestic-oriented, self-sufficient license raj, it has come a long way to become a globally-oriented economy focusing on those key sectors of the economy where it has a resource advantage over other nations. The objective is to offer better products at lower prices. Exports to the most demanding markets, after all, are the key to success for a globally competitive economy. To achieve this objective, India needs to reengineer itself in the following areas: Industrial policy through ideology-free policy; privatization of public enterprises; incentives for quality; innovation and productivity; employment through growth; intellectual property rights; and environment policy. International trade through convertible currency anchored to dollar; target exports to selective markets; balanced trade with anchor partners; and focus on selective exports based on comparative advantage. Domestic industry through industry consolidation for scale efficiency; globalization of domestic markets; investment in quality and innovation; process reengineering; and reduction in unorganized sector. National infrastructure through upgradation of transport and logistics; information infrastructure capital markets; financial institutions; special economic zones and energy reliability. Of these, domestic infrastructure is the weakest link. The Indian industries must reposition themselves from the diversified domestic corporations to focused global enterprises. To be a global hub, they need quality and reputation and must, therefore invest in design and research, create brand equity, increase productivity, leverage human capital, get access to low cost capital, and organize global supply chain. The author concludes with the following observations: India is destined to become a major economic power in the 21s century. India's future, however, will depend on the geopolitical realignment of nations and the emergence of ‘triad’ markets. Design is a very strong competitive advantage for India. Public enterprises should not be disinvested and should instead be encouraged to go global along with the private enterprises not just through exports but through mergers and acquisitions. The Indian industries must reposition themselves from the diversified domestic corporations to focused global enterprises.

Introduction

2021 ◽  
pp. 1-14
Author(s):  
K. L. Datta
Keyword(s):  
Gross Domestic Product ◽  
World Bank ◽  
Purchasing Power Parity ◽  
Domestic Product ◽  
Purchasing Power ◽  
Power Parity ◽  
Indian Economy ◽  
The World Bank ◽  
The World ◽  
Per Capita

India, after seven decades of independence, found itself in the position of the fifth-largest economy in the world, with nominal gross domestic product (GDP) of USD 2.94 trillion in 2019. It is also the fastest-growing trillion-dollar economy in the world. India’s rank would have been third if GDP across the countries was compared in terms of purchasing power parity. But, in per capita terms, India falls way behind most of the member countries of the World Bank. However, this should not negate the expansion of the Indian economy that has taken place since Independence....

scholarly journals ORGANIZING OF TOURIST SERVICES AS A COMPONENT OF PLANNING THE ACTIVITIES OF ENTERPRISES AND THE DEVELOPMENT OF INFRASTRUCTURE IN TOURISM

2021 ◽  
Author(s):  
Raisa Kozhukhivska ◽  
Оlena Sakovska
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Quality Criterion ◽  
Tourism Industry ◽  
Planning System ◽  
Economic Sectors ◽  
Economic Relations ◽  
The World ◽  
Tourism Enterprises ◽  
The Impact

In the XX century, tourism has become one of those economic sectors that are developing at an accelerated pace. According to the World Trade Organization, in 2022 the revenue from international tourist travel will be 1.9 billion, which is 4 times higher than in 2015. Statistical indicators of the impact of tourism on the economy of foreign countries demonstrate the importance of developing the tourism industry in the global economy and Ukraine particularly. However, it should be noted that despite the coronavirus pandemic, the global tourism industry by the end of 2020 may be short of $210,000,000,000 in revenues. This is the data of a study published by the World Travel and Tourism Council (WTTC). The development of innovative ways to overcome the crisis created by the negative impact of the COVID-19 pandemic on the tourism industry is seen by us as a more detailed study of the organization of tourism services in the planning system of tourism enterprises. The above-mentioned aspect demonstrates the relevance of the topic and indicates the need for a detailed study of this issue. The study of theoretical and methodical aspects concerning the process of organization of tourist services in the planning of tourist enterprises has been carried out in the article. In particular it is noted that tourism occupies a special place in the system of branches of national economy and sphere of services. The concept of “tourist service” is analyzed and its key components are outlined. It is established that the formation of tourist services is significantly influenced by different components of the tourism industry. The definition of the notion of “tourism industry component” is given and the categorical factors that is forming tourist services are highlighted. The interdependence of economic relations and the sequence of technological operations on the basis of which the process of planning of tourist enterprise activity has to be realized have been determined. It has been specified that all subsystems of a tourist enterprise should correspond in their quantitative and qualitative composition to the needs of a certain territory in providing the necessary assortment and volume of tourist services. It is noticed that in the process of organization and realization of tourist services considerable attention should be paid to the quality criterion.

scholarly journals COVID-19 pandemic: A review of the global lockdown and its far-reaching effects

2021 ◽  
Vol 104 (2) ◽  
pp. 003685042110198
Author(s):  
Helen Onyeaka ◽  
Christian K Anumudu ◽  
Zainab T Al-Sharify ◽  
Esther Egele-Godswill ◽  
Paul Mbaegbu
Keyword(s):  
Mental Health ◽  
Global Economy ◽  
World Health ◽  
Global Pandemic ◽  
The World ◽  
Education Delivery ◽  
Environmental Air ◽  
Health Organization ◽  
Almost All ◽  
The Impact

COVID-19, caused by the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2), was declared a pandemic by the World Health Organization (WHO) on the 11th of March 2020, leading to some form of lockdown across almost all countries of the world. The extent of the global pandemic due to COVID-19 has a significant impact on our lives that must be studied carefully to combat it. This study highlights the impacts of the COVID-19 pandemic lockdown on crucial aspects of daily life globally, including; Food security, Global economy, Education, Tourism, hospitality, sports and leisure, Gender Relation, Domestic Violence/Abuse, Mental Health and Environmental air pollution through a systematic search of the literature. The COVID-19 global lockdown was initiated to stem the spread of the virus and ‘flatten the curve’ of the pandemic. However, the impact of the lockdown has had far-reaching effects in different strata of life, including; changes in the accessibility and structure of education delivery to students, food insecurity as a result of unavailability and fluctuation in prices, the depression of the global economy, increase in mental health challenges, wellbeing and quality of life amongst others. This review article highlights the impacts of the COVID-19 pandemic lockdown across the globe. As the global lockdown is being lifted in a phased manner in various countries of the world, it is necessary to explore its impacts to understand its consequences comprehensively. This will guide future decisions that will be made in a possible future wave of the COVID-19 pandemic or other global disease outbreak.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

Influence of Renminbi Internationalization on China’s Monetary Policy Effects: A Theoretical Analysis

2021 ◽  
Vol 13 (8) ◽  
pp. 14
Author(s):  
Huiguan Ding ◽  
Asli Ogunc ◽  
Dale Funderburk ◽  
Shiyou Li ◽  
Zhebie Shi
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Analytical Framework ◽  
Securities Markets ◽  
Republic Of China ◽  
Policy Effects ◽  
The People ◽  
The World ◽  
The Impact ◽  
Rmb Internationalization

For more than a decade, the People&rsquo;s Republic of China has sought to expand the degree of internationalization of its official currency. In recent decades, China has become the world&rsquo;s second largest economy, as well as the world&rsquo;s largest trading nation, and its securities markets are among the largest in the world. Today, the RMB is among the top five as a world payments currency. One of the significant costs of achieving higher degrees of internationalization of a country&rsquo;s currency is the complicating impact it has on the efficacy and effect of that country&rsquo;s domestic monetary policy.&nbsp; However, what is the nature and extent of that complicating impact? This paper employs an IS-LM model of an open economy as an analytical framework, embeds an RMB internationalization factor into that model. Specifically, with this model we examine the impact of RMB internationalization on the effects of China&rsquo;s monetary policy.&nbsp;

Program Against Cancer in Eritrea

2021 ◽  
Vol 2 (2) ◽  
pp. 01-04
Author(s):  
El Hadji Mbaye
Keyword(s):  
Cancer Incidence ◽  
Purchasing Power Parity ◽  
National Income ◽  
Cancer Control ◽  
Cost Effective ◽  
Central Intelligence Agency ◽  
World Health ◽  
Power Parity ◽  
Intelligence Agency ◽  
The World

Worldwide, one in eight deaths is due to cancer. Projections based on the GLOBOCAN 2012 estimates predict a substantive increase new cancer cases per year by 2035 in developing countries if preventive measures are not widely applied. According to the World Health Organization (WHO), millions of lives could be saved each year if countries made use of existing knowledge and the best cost-effective methods to prevent and treat cancer. Therefore, the aim of this study is to estimate a provisional budget against cancer in low and middle incomes countries, according the GNI-PPP, the cancer incidence and the number of population. Economically country classification is determining with the Gross national income (GNI), per capita, Purchasing power parity (PPP), according the administrations of the International Monetary Fund (IMF), the World Bank (WB) and the Central Intelligence Agency (CIA). Cancer incidence data presented are based on the most recent data available at IARC. However, population compares estimates from the US Bureau of the Census. The provisional budget is establishing among the guidelines developed by WHO for regional and national cancer control programs according to national economic development. Provisional budget against cancer is estimated to 12,782.535 (thousands of U.S $) for a population of 5,918,919 persons in Eritrea.

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