scholarly journals MSMEs in COVID-19 Crisis and India’s Economic Relief Package: A Critical Review

2020 ◽  
Author(s):  
Pushkar Dubey ◽  
Kailash Kumar Sahu
Keyword(s):  
Gross Domestic Product ◽  
Nobel Prize ◽  
Critical Review ◽  
Nobel Prize Winner ◽  
Domestic Product ◽  
Indian Economy ◽  
Small And Medium Enterprise ◽  
Reserve Bank ◽  
Medium Enterprise ◽  
Reserve Bank Of India

MSMEs (Micro, Small and Medium Enterprise) are the backbone of Indian economy as it contributes more than 30% in the India’s GDP (Gross Domestic Product). The present research studies the current conditions of MSMEs amid corona virus crisis and the economic relief package, specifically for MSMEs, entitled as “Atmanirbhar Bharat (Self-Dependent India)” in order to revive the business activities of MSMEs. Critical review of the economic package and modification needed in terms of MSMEs issues in the further announcements were discussed in this paper. Former RBI (Reserve Bank of India) governor Raghuram Rajan and Nobel Prize winner in economics Prof. Abhijit Banerjee has also contributed in the discussion in order to revive the Indian economy.

scholarly journals COMPLIANCE OF MICRO SMALL MEDIUM ENTERPRISE TAX PAYERS TO GROSS REGIONAL DOMESTIC PRODUCT

2018 ◽  
Vol 1 (2) ◽  
pp. 89-96
Author(s):  
Yuli Nawangsasi ◽  
Inayati Nasrudin ◽  
Hilda Purnamawati
Keyword(s):  
Compliance Rate ◽  
Least Square ◽  
Domestic Product ◽  
Government Expenditures ◽  
Potential Source ◽  
Small And Medium Enterprise ◽  
Finance Development ◽  
Medium Enterprise ◽  
Tax Payers

Increasing the number of Micro Small and Medium Enterprise local government of Bandung is a potential source of income from the local tax sector to increase development an economic city of Bandung. This research is to describe the role of tax payer compliance rate on Micro Small and Medium Enterprise to increase the Gross Regional Domestic Product as measured by the increase government expenditures of finance development of Bandung city during period 2013 – 2016. The method of study is descriptive verificatif by using the analytical tool Two Stage Least Square. The result of the analysis indicates that compliance of micro enterprise tax payers will impact to increase the gross regional domestic product through the increased government expenditures sourced from local tax revenues.

Determinants of National Gross Domestic Product among Disaggregated Development Expenditure Schemes: An Experience of Indian Economy during 1990-91 to 2004-05

2012 ◽  
Vol 8 (3) ◽  
pp. 225-231
Author(s):  
Saiyedali Ahmedmiya Saiyed
Keyword(s):  
Gross Domestic Product ◽  
Flood Control ◽  
Positive Influence ◽  
Domestic Product ◽  
Multivariate Regression Model ◽  
Cross Sectional ◽  
Indian Economy ◽  
Development Expenditure ◽  
Sectional Analysis

This paper is a study which examines what are the determinants of National Gross Domestic Product. In India various disaggregated development expenditure schemes undertaken during period of 1990-91 to 2004-05 have a significant influence on determination of National Gross Domestic Product. Here association between cross-sectional disaggregated development expenditure schemes and year-wise number of National Gross Domestic Product in India is estimated by a Multivariate Regression Model Analysis. Cross-sectional analysis shows significant association between year-wise number of gross domestic product and disaggregated development expenditure schemes in terms of Agriculture and Allied Activities, Rural Development, Irrigation and Flood Control, Energy, Industries and Minerals, Transport, Education, Health Including Medical, and Others Services, included together jointly in the model, have positive influence on the determination of Gross Domestic Product  in the Indian economy.

Infrastructure Investment and Economic Growth: Evidence from India

2016 ◽  
Vol 17 (1) ◽  
pp. 90-111
Author(s):  
Naliniprava Tripathy ◽  
Maram Srikanth ◽  
Lagesh Aravalath
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Capital Formation ◽  
Domestic Product ◽  
Government Revenue ◽  
Indian Economy ◽  
Long Run ◽  
Domestic Capital ◽  
Short Run

This study examines the long-run and short-run relationship between investment in infrastructure and economic growth in the Indian economy by using Auto Regressive Distributed Lag Model, Error Correction Model, and Granger Causality Test. The study reports that there is no short-run relationship among gross domestic product, gross domestic capital formation, revenue of the governmentand exports. However, the study finds that unidirectional causality exists between employment and gross domestic product; gross domestic productandinflation. It implies that employmentlevel in organised sector and inflationinfluence the economic growth in India for a short period. The study finds that there is a long-run relation exists between economic growth, domestic investment, inflation and government revenue. Therefore, emphasis should be placed on capital formation, government income and inflation to accelerate growth and development in the Indian economy. The error correction term is indicating that long term relationship is stable and any disequilibrium created in short termwill be temporary and will correct over a period. However, it is suggested to maintain balance among inflation,gross domestic product, employment, exports, savings, investment and government revenue to keep an economy growing. These findings have important policy implications since an economy built on investment in infrastructural development.

scholarly journals Trends of IT Industry in Indian Economy – An Analysis

2012 ◽  
pp. 148-150
Author(s):  
N. Swapna ◽  
N. Sujatha
Keyword(s):  
Information Technology ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Domestic Product ◽  
It Services ◽  
Predominant Role ◽  
It Industry ◽  
Employment Opportunities ◽  
Indian Economy

The Indian Information Technology and Information Technology Enabled Services (IT-ITES) industry has been contributing its role in the economic development of India since post liberalization era. The pace growth of this industry is considered as a growth driver for the economy. India has become as “IT Super Power”. The performance of IT industry can be revealed with the evidence of its contribution to the GDP (Gross Domestic Product) of the country, provision of employment opportunities all over the country, IT services and software exports and revenue to the country. This paper examines how does the IT industry is playing its predominant role in Indian economy with its various trends in the contribution to the GDP of India , IT exports, IT revenue trends and employment opportunities.

Nature and Composition of Services Sector in India – A Time Series Analysis

2021 ◽  
Keyword(s):  
Time Series ◽  
Time Series Analysis ◽  
Gross Domestic Product ◽  
Good Governance ◽  
High Growth ◽  
Domestic Product ◽  
Services Sector ◽  
Indian Economy ◽  
Series Analysis

The services sector is the backbone of the Indian economy, accounting for the majority of the country's gross domestic product (GDP).It contributes towards the development and growth of the overall economy to a great extent. Findings of the present study revealed that in India, there existed a long-term relationship between services and GDP.From1950-70 CAGR of GDP was found stable whereas it faced a declining trend in 1970-80 but the period of 2000-2013 witnessed a high growth. Despite being one of the world's fastest-growing economies, India still needs to reform itself more in order to attain high growth and long-term sustainability goals. There is an urgent need for good governance to remove the constraints and hindrances for developing services in India.

scholarly journals Covid-19 and Its Impact on E-Administration, Employment and Migration in the Indian Economy, (In the Present Context)

2021 ◽  
pp. 82-87
Author(s):  
Bharath K M ◽  
Arun Kumar L S
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Migrant Workers ◽  
National Income ◽  
Domestic Product ◽  
Educational Services ◽  
Indian Government ◽  
Indian Economy ◽  
The World ◽  
The Government

India is the second largest populated country in the world and largest market Economy for most of the developed countries in the world like MNC’s (Multi-National Companies) like automobiles, telephone and communication, educational services, start-up’s, call centres and global level entrepreneurs like to invest in India, due to huge demand for consumer goods and technological products India is one of the largest growing developing economy in the world after China in 2019, with an average GDP (Gross Domestic Product) of 7 percent from2015-2019, with huge FDI (Foreign Direct Investment), India is said to be the country with huge foreign returns in the world. But due to covid-19 has made most of the states in India are in standstill position due to lockdown situation, the income generating sources of the government is unable to generate income as most of the unorganised sectors like migrant workers, small wage labourers contribution to Indian economic growth and business is in standstill stage in the 40 days of Indian government lockdown, this is causing to increase in unemployment ratio in many sectors like educational services, real estate companies etc. only in some organised sectors there is processing of work through online (e-commerce) or in digital mode of transaction, but the unorganised sector workers and daily wage workers or migrants who travelled from far states are unable to earn for their lively wages. Indian government preference to health emergency and relief package of 20 Lakh crore Atmanirbhar Bharat Abhiyan is burden for Indian economic growth as the government is distributing from March 2020. This pandemic has made India`s GDP (Gross Domestic Product) growth rate prediction below 4%, according to the report of ADB (Asian Development Bank). IMF (International Monetary Fund) has predicted that Indian economy is expected to grow at -10.3 %, according to the source provided by “The Hindu”. There is a need for all the sectors in the economy for digital inclusion, India can try to improve by making all payments and receipts in unorganised sectors through Digital Mode. India can use this global pandemic situation by making India as one of the favourite investment destination for FDI, business and e-commerce in the globe. The purpose of this study is to analyse Covid-19 impact on Indian economy through migration, e-commerce, business and remedies to overcome the pandemic to the growth of National Income (GDP), by implementing various schemes like Make in India and self-reliant India by fiscal and monetary policies.

scholarly journals Analysis on Growth of Foreign Exchange Reserves in India Since 1960-61 to 2017-18

2019 ◽  
Vol 8 (2) ◽  
pp. 69-73
Author(s):  
R. Rajanbabu ◽  
A. Srilaka
Keyword(s):  
Growth Rate ◽  
Foreign Exchange ◽  
Secondary Data ◽  
Foreign Exchange Reserves ◽  
Indian Economy ◽  
Adequate Level ◽  
Reserve Bank ◽  
Reserve Bank Of India

This paper is primarily concerned with an analysis of the growth and trends in the foreign exchange reserves of India. It is based on secondary data and the data reliable for analysis are collected from handbook of statistics on Indian economy and the website of Reserve Bank of India. The study covers the period of 58 years from 1960-1961 to 2017-18. The collected data have been used for analysis with the help of compound growth rate. The analysis of the data reveals that foreign exchange reserves have significantly changed over the years. All the indicators noticed notable growth rate during the period under review. From the overall analysis showed that India holds adequate level of foreign exchange reserves.

scholarly journals Greenfield Investments: An Economic and Financial Key Driver for India’s Growth

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Swastika Tripathi ◽  
Manjula Jain ◽  
Viksit Tripathi ◽  
◽  
◽  
...  
Keyword(s):  
Environmental Issues ◽  
Weather Conditions ◽  
Indian Economy ◽  
Cultural Aspects ◽  
Indian Context ◽  
Greenfield Investments ◽  
Reserve Bank ◽  
Key Driver ◽  
Additional Income ◽  
Reserve Bank Of India

Since ages, India has held the flagship of being prosperous, economically viable, financially sound, rich in resources, and diverse in traditional and cultural aspects, yet has never failed to cater to the needs of crores of citizens. The economic factors and flow of financial wherewithal have pushed Indian economy to the brighter side of development. However, the growth aspects led to a significant decrease in the climatic and weather conditions and therefore an urgent need to mend up the environmental issues. Greenfield investments were sought as remedial measure to sustain the issues of environment as well as economic and financial feasibility in the form of investments. Investment is a gizmo for creating wealth by employing funds with an intention of achieving additional income or growth in the value and gets rewarded by return. Foreign direct investment (FDI) is such an investment wherein foreign investors make their funds employable in the foreign-based company either through greenfield investments, brownfield investments, or through portfolio investment. In Indian context, overseas investments can be made either through automatic route or through Reserve Bank of India and Government of India. The highlight of this paper is the significance of greenfield investments in the developmental aspects of Indian economy.

scholarly journals Pengaruh Produk Domestik Bruto, Ekspor Dan Kurs Terhadap Cadangan Devisa Di Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 301-313
Author(s):  
Fuji Astuty
Keyword(s):  
Gross Domestic Product ◽  
Exchange Rates ◽  
Foreign Exchange ◽  
Time Series Data ◽  
Domestic Product ◽  
Series Data ◽  
Foreign Exchange Reserves ◽  
Federal Reserve Bank ◽  
Reserve Bank ◽  
Analysis Technique

This study aims to analyze the effect of gross domestic product, exports and exchange rate on foreign exchange reserves in Indonesia. This research is in the form of quantitative based on quantitative data and is associative to see the relationship between variables or more. The data used is time series data from 2001 to 2018 using Eviews 9.0. And sourced from Bank Indonesia, the Central Bureau of statistics and the Federal Reserve Bank of St. Louis. This research uses data analysis technique is multiple linear analysis. The results showed that the variables of gross domestic product, exports and exchange rates have a positive and significant effect on Indonesia’s foreign exchange reserve. The R-square value in this study is 95.36, indicating that 95,36% of the variation in foreign exchange reserves can be explained by the gross domestic product, exchange rates and exports, while the remaining 4.64% is explained by other variables outside of this research model

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