scholarly journals Impact of Indias Export on Indian GDP after Liberalisation

Author(s):  
CA Naveen Kumar Tiwari

Abstract: Economic and political policy interventions were reflected on the economic development of the countries with respect to improving economic and social well-being of poor, market productivity and considerable growth rate in GDP. Specifically, in Indian context, these economic decisions have been a considerable influence on inclusive growth of the nation. It is evidence that India embarked on economic reforms in July, 1991, from the effect of a balance of payment crisis. The government initiated economic reforms basically is to provide an environment of sustainable growth and stability. Thereby the LPG (Liberalization, Privatization and Globalization) system has come to the picture for economic progress of the country. Thepresent study investigates the linkage between foreign trade trends of India and its economic development in the light of economic reforms in India since 25 years (1991-2016). The outcomes of the study strongly support that there is a causal relationship between exports to GDP and GDP to exports and also causality between imports to exports in India.

Author(s):  
NATALIIA TOLSTYKH

The article sheds light on various approaches that seek to determine how widespread poverty and life on a low income are in Ukraine nowadays. As a social phenomenon, poverty has traditionally been associated with destitution and living below the subsistence level set by the government. However, the author holds the view that life on a low income not only means living near or below the poverty line. There is another part of Ukraine’s population that should also be considered needy — those whose income is less than twice as the subsistence level, and most of them are also subject to socio-economic deprivation. Drawing upon the findings of a social survey conducted by the Institute of Sociology of the NAS of Ukraine in 2019, the paper analyses the standard of living among different income groups. Particular attention is given to consumption patterns and social well-being of respondents in the lower income brackets. From the data, it can be inferred that living conditions of many Ukrainians are inadequate to sustain and develop human potential; furthermore, the low-income households have literally to struggle every day to make ends meet. The author brings into focus the main macroeconomic factors contributing to this situation and its adverse effect on the nation’s social potential. Some of the most common social consequences of living on a low income have been identified, such as limited consumption, a person’s dissatisfaction with life and his/her position in society. The above-mentioned survey also provides the estimates of how much the current subsistence level (with regard to Ukraine) should be. Having been made by different socio-demographic and occupational groups of Ukraine’s population, these estimates are a useful source of information — given that subsistence level is considered the basic social standard. According to the survey, all these figures are at variance with the official subsistence level, which is noticeably lower, and this indicates that the current subsistence level needs an upward revision. Today, the overall socio-economic situation in Ukraine is unfavourable for neoliberal economic reforms initiated by the government. Since these policies are primarily designed to reduce the role of state in managing the economy and implementing social welfare programmes, following this path will inevitably result in the entrenchment of mass poverty and in a major loss of Ukraine’s human potential, as well as labour force. The author argues that tackling the country’s chronic low income problem is only possible if a new strategy for socio-economic development is adopted, where social welfare is prioritised.


2016 ◽  
Vol 7 (1) ◽  
Author(s):  
Sreeja K G ◽  
Jayashankar Mund ◽  
Vishwanathan Nambootiri ◽  
Leena P Nair

Manuscripts are the treasure of wisdom passed from generation to generation. The art of writing emerged as a way of preserving knowledge that was previously transmitted orally from one generation to the next. Ayurveda developed as a result of the accumulated wisdom and practical experiences of many generations. The knowledge gained by ancient seers of Ayurveda were passed generations through the Manuscripts. Still thousands of valuable unpublished Ayurveda manuscripts are available in Government agencies which can immensely contribute in the development of system. Government of India gives a great importance to procure, preserve and to publish manuscripts. Kerala has exceptionally rich Ayurveda tradition and collection of Manuscripts which required special attention by the Government and from the scholars. The preserved Manuscripts are the invaluable treasure of knowledge  which can be utilized for the well being of present generation as well as to pass on to the next generation. This study focuses on an introduction to manuscripts in Indian context with special reference to Kerala and discuss the importance of preserving and conserving manuscripts especially for an Ayurvedic research scholar. 


2016 ◽  
Author(s):  
Irwan Shah Zainal Abidin

his book attempts to understand Najibnomics-economic policies advocated by the sixth Prime Minister of Malaysia, Datuk Seri Najib Tun Abdul Razak, since he helmed office on April 3, 2009. Najibnomics refers to a new approach to Malaysias economic development which is typified by three main characteristics: knowledge, innovation and freedom.It is a set of strategies, programmes and measures meant to transform Malaysia into a high-income and developed nation by the year 2020.This book analyses Najibnomics in action, or rather attempts to problematise Najibnomics at the level of its implementation. Through Najibnomics, the Malaysian government strives to keep the momentum of a sustainable growth trajectory, to enhance the well-being of the rakyat (people) and ensure the country gets out of the middle-income trap to become a high-income and developed economy by the year 2020.


2017 ◽  
Vol 49 (2) ◽  
pp. 177
Author(s):  
Atikah Nurhayati ◽  
Agus Heri Purnomo

The design of national economic development should never ignore three important aspects, namely integration, and sustainably and local contexts. Insufficient comprehension over these three aspects has caused delays of economic progress in several regions like Maluku. This region is characterized with archipelagic geo-profile where marine and fisheries resources are abundant but economic progress is sluggish. To catch up with the achievement shown by regions in the western part of the country, there must by effective efforts done in Maluku. This research is aimed at analyzing the three aspects mentioned above as related to acceleration of marine and fisheries economic development based on the region’s maritime geo-profile. In line with it, primary and secondary data were applied on a SWOT Analytical Approach. Based on the analysis, it was concluded that acceleration of marine and fisheries economic development in Maluku can be carried out through both local and national policies focused on facilitating prospective economic players in making massive investment in the marine and fisheries sector. Among others, this should be done by improving the capacity of Maluku marine ports and directing them to be local economic transmiters, through more effective functions as hubs for ships carrying commodities and products for both national and international markets. This research found that in line with it, a pre-requirement that has to be advanced by the government is detailed zoning of marine and fisheries resources, which is supported by a legal umbrella.


Ekonomika ◽  
2015 ◽  
Vol 94 (3) ◽  
pp. 96-118 ◽  
Author(s):  
Viktorija Rabikauskaitė ◽  
Lina Novickytė

The government, in order to achieve the welfare of the citizens in the retirement age to keep pace with the working people, carried out the various pension systems transformations. The working people’s welfare is growing due to the economic progress, so there is a theory of economics, which examines the existing income redistribution in time. It should be noted that in order to ensure the financial well-being in old age it is necessary to efficiently allocate the scarce resources. In Lithuania, the existing three pillar pension system allows each employee to contribute to their own financial well-being in the future. This article aims to assess the second pillar pension fund performance and how fund differences affect the amount of old age pension. The analysis made it possible to determine the correlation between the return generated by the fund and the number of participants in the fund; the spreadsheet is provided, which allows estimating the influence of the choice of different funds on the size of the retirement pension. It was found that fund return and the number of participants in the fund have a negative correlation. This shows that the part of households who raise money in fund with the lowest return will be much poorer, and the corresponding result is a smaller pension. It may be noted that the accumulation of different pension fund reserves have a significant impact on the future pension size (this difference can be as high as 230%).


Author(s):  
Nechad Dr. Abdelhamid

The article deals with analysis of the observations and results that point to the contrast between useful-based and resource-based approaches and the possibilities-based approach, founded by Amartya Sina (Nobel Prize in Economics in 1998). Thus, a possibilities-based approach seeks to remedy the situation by focusing on the ability to achieve specific goals rather than on the means. The nature of real existence has always been of interest to social thinkers for centuries. If the current criteria of economic progress, reflected in a number of ‘turnkey’ statistics, are orientated on the growth of inanimate "comfort objects" (such as GNP and GDP in the basis of countless economic development studies), this focus can only be justified by the impact of these objects on human lives (that they directly or indirectly affect). The interest in replacing them with direct indicators of the quality of life, well-being and freedom that people enjoy is becoming more and more apparent. The article is presented in two parts. In the first part, we will try to highlight the imperfections of traditional currency indicators, as well as the difficulties of measuring various aspects of poverty, especially in developing countries such as Morocco. We argue that poverty is not simply an idea of the inadequacy of an individual's economic means, but rather a fundamental shortcoming that entails deprivations. The second part of the paper focuses on the reorientation of ability to explain the extent to which a possibilities-based approach could be the basis for assessing the level of financial difficulties rather than resource-focused income and wealth.


Author(s):  
Maidul Islam

Chapter 3 assesses the underlying political logic of community-based affirmative action and reservation that is promoted as the new ameliorative policy, addressing the deprivation of Indian Muslims under conditions of economic reforms. It does so by engaging with the findings and policy prescriptions of the Sachar Committee Report, the Ranganath Misra Commission Report, and the post-Sachar Evaluation Committee Report. Besides, the chapter points out the missing links of the Sachar Committee Report and presents a host of other suggestions that the committee did not recommend for the socio-economic development of Indian Muslims. While evaluating the merits of the Sachar and Misra Commission reports along with defending the ethical grounds for the affirmative action for Muslims in India, this chapter also tries to unearth the limitations of the approach of the government towards Muslim minorities in the context of neoliberal dispensation.


2018 ◽  
Vol 46 (4) ◽  
pp. 225-238 ◽  
Author(s):  
Victor Chang ◽  
Yian Chen ◽  
Chang Xiong

PurposeThe purpose of this paper is to gain a deeper insight on how education boosts economic progress in key emerging economies. This project is aimed at exploring the interactive dynamics between the tertiary education sector and economic development in BRICS countries. The author also aims to examine how the structure of higher education contributes to economic expansion.Design/methodology/approachThe author uses the time series data of BRICS countries across approximately two decades to determine the statistical causality between the size of tertiary enrollment and economic development. The linear regression model is then used to figure out the different impact levels of academic and vocational training programs at the tertiary level to economic development.FindingsData from all BRICS countries exhibited a unidirectional statistical causality relationship, except the Brazilian data. The national economic expansion Granger Caused increased tertiary enrollment in Russia and India, while in China and South Africa, higher education enrollment Granger Caused economic progress. The impact from tertiary academic training is found to be positive for all BRICS nations, while tertiary vocation training is shown to have impaired the Russian and South African economy.Research limitations/implicationsThis project is based on a rather small sample size, and the stationary feature of the time series could be different should a larger pool of data spanning a longer period of time is used. In addition, the author also neglects other control variables in the regression model. Therefore, the impact level could be distorted due to possible omitted variable bias.Practical implicationsTertiary academic study is found to have a larger impact level to all countries’ economic advancement, except for China, during the time frame studied. There is a statistical correlation between the education and economic progress. This is particularly true for BRICS countries, especially China. But the exception is Brazil.Social implicationsThe government should provide education up to the certain level, as there is a direct correlation to the job creation and economic progress. Furthermore, the government should also work closely with industry to ensure growth of industry and creation of new jobs.Originality/valueThe comparative analysis and evaluation of the dynamic interaction of tertiary enrollment and economic output across all five BRICS nations is unique, and it deepens the understanding of the socioeconomic development in these countries from a holistic management perspective.


2018 ◽  
Vol 12 (1) ◽  
pp. 64
Author(s):  
Nasution

This study explores the process of economic development of Surabaya residency in the period 1830-1930 and its implications for the natives’ economy. The indicator of economic development is focused on export of agricultural and export-import activities of Surabaya in 1830-1930. The natives’ economic progress will be seen at the level of their income. The minimum standard used to measure the level of prosperity is the per year income of a native.The rise and decline of the Surabaya economy during the period of Cultivation System and the liberal period can be observed from the export of agricultural products and the value of the foreign trade surplus. The highest value of foreign trade surplus in the Cultivation System period occurred in 1850s. At that time the overall value of foreign trade surplus of Surabaya showed was 0.54 per cent. The highest foreign trade surplus in liberal period was 0.96 per cent which occurred in 1920, when the price of sugar was rapidly increasing. The implication of the economic development of Surabaya for the native can also be differentiated between the period of the Cultivation System and the liberal period.  In the period of the Cultivation System the economic condition of people was really miserable, especially in sugar cane plantation areas. The hardship of the people in Surabaya was describe by the nineteenth-century historian Hageman as temporary slavery (tijdelijke slavernij). The economic condition of the people in Surabaya in liberal period can be considered prosperous, especially after the abolishment of the compulsory work. In the city of Surabaya which was the capital city of the residency, as a result of the expansion of trading, shipping and industry, employment was abundant and the people became prosperous too. After 1870 a skilled laborer (tukang) in the capital city of Surabaya received an income of 1.00- 1.50 guilders per day. The depression of the people resurfaced when the economic crisis hit 1930s. As a result, much investment went bankrupt. In addition, a number of development projects of the government had to be stopped which resulted in increasing unemployment.


2021 ◽  
Vol 2 (2) ◽  
pp. 51-62
Author(s):  
Christy Twaliwi ◽  
Georgina Obinne Ugwuanyi ◽  
Udeme Okon Efanga

The major goal of this research was to see how budget assessment affected Nigeria's economic progress. The inspiration stemmed from a number of inconsistencies in the Nigerian economy's budget preparation and execution. This study employed an ex-post-facto design, with data gathered from the Central Bank Statistical Bulletin and the Federal Ministry of Finance for analysis. A model based on empirical and theoretical reviews was developed to attain this wide purpose. The model's dependent variable was the Human Development Index (HDI), while the model's independent variables were the government's capital budget, recurrent budget, and yearly budget implementation rate. To evaluate data, the researchers used the Ordinary Least Squares (OLS) Model. Budget assessment had a favorable and considerable influence on Nigeria's economic progress, according to the inferential findings. According to the report, Nigeria's government should make an effort to raise capital and recurring expenditures in its yearly budget, since both have a substantial influence on economic development. Finally, the government should make an effort to put in place effective budget monitoring and assessment equipment that will increase the rate of budget implementation while simultaneously ensuring strict adherence to due process.


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