Impact of GST on Automobile Sector in India

2018 ◽  
Vol 6 (6) ◽  
pp. 126
Author(s):  
V. Lavanya ◽  
D. Pradeep Kumar ◽  
T. Narayana Reddy
Keyword(s):  
Automobile Industry ◽  
Manufacturing Sector ◽  
Indian Economy ◽  
The Government ◽  
The Impact

The Automobile industry in India is one of the most successful manufacturing space from past liberalization.  The industry has potential to grow to become a major economic contributor.  The Government of India has also recognized the importance of Automobile industry holds in the Indian economy and hence is currently working on Automotive Mission Plan 2026  to set targets for the industry for the year 2026.  The Government of India has planned to implement of GST to the manufacturing sector in India.  The objective of this study is the impact of GST on Automobile sector in India.

scholarly journals VOCATIONAL TRAINING AND EDUCATION IN NORTH-EAST INDIA: ACCESS AND LABOUR MARKET OUTCOMES

2021 ◽  
Author(s):  
Anupam Sarkar
Keyword(s):  
Gender Gap ◽  
Manufacturing Sector ◽  
Labour Force ◽  
Labour Force Participation ◽  
Work Conditions ◽  
Vocational Education And Training ◽  
North East India ◽  
North East ◽  
The Government ◽  
The Impact

India’s north-east region, comprising of eight States is one of the less industrialised and economically backward areas of the country. Lack of skilled manpower has been identified as one of the major reasons for the underdevelopment of the manufacturing sector. Recently, the government of India has embarked on an ambitious target of improving the skill base of the country through expansion of the vocational education and training (VET) programmes. In this context, the paper examines the access to VET among the working-age population and the impact on employment and earnings using the Annual Report of the Periodic Labour Force Survey 2017-18. The paper argues that despite the recent initiatives on massive skilling of the country's youth a very little section of NE has accessed formal VET. Moreover, although it has some impact on raising labour force participation, there is no evidence that formal VET courses are effective enough to increase earnings, bridge the gender gap in wages, or the improving work conditions of the VET holders.

scholarly journals Agriculture Sector Credit and Output Relationship in Nepal

2020 ◽  
pp. 33-53
Author(s):  
Arjun Kumar Dahal ◽  
Khagendra Kumar Thapa
Keyword(s):  
Commercial Banks ◽  
Agricultural Sector ◽  
Least Squares Method ◽  
Manufacturing Sector ◽  
Agriculture Sector ◽  
Industrial Sectors ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
The Impact

Purpose: The purpose of this study is to find out the condition of priority of commercial banks to provide loans to the agricultural sector and to find the relationship and impact of agricultural loans to the agricultural GDP of Nepal. Objectives: This study aims to compare the condition of loan disbursements in agricultural and manufacturing sectors. It further aims to compare loan percent with growth and contribution to the GDP of the agricultural and industrial sectors and tries to show the impact of agricultural loans to the agricultural GDP of Nepal. Methods: It was based on a descriptive and analytical research design. Statistical tools standard deviation, correlation, regression, etc. are used and Excel, and EViews software are used for the statistical calculations. Statistical calculations and graphs are simultaneously used to show and compare the condition of variables. Results: Commercial banks give higher priority to the manufacturing sector for loans than the agricultural sector. The Johansen Co-integration test indicates no long-run relationship between loans of commercial banks and agricultural output in Nepal. However, the least-squares method, it indicates that a positive causal relationship between agricultural loans and agricultural growth. Implications: The loans of commercial banks directly stimulate the growth of agriculture but the amount of growth is less noticeable. Thus, it is concluded that the commercial bank's loan alone cannot affect and control the growth of the agricultural sector of the Nepalese economy therefore the government should increase its expenditure on the agricultural sector.

Performance and Determinants of India’s GDP Since 1950: A Quantitative Analysis

2008 ◽  
Vol 4 (2) ◽  
pp. 106-131
Author(s):  
Alok Kumar Pandey ◽  
Annapurna Dixit
Keyword(s):  
Structural Adjustment ◽  
Service Sector ◽  
Agricultural Sector ◽  
Manufacturing Sector ◽  
Indian Economy ◽  
Export Sector ◽  
Policy Measures ◽  
The Government ◽  
Structural Adjustment Programmes ◽  
Sector Service

he planned economic development during the 40 years period (1950-91) has showed a mixed scenario. For example per annum growth in GDP during first fifteen years 1950-65 was found at 4 percent while during the period 1967-80 it declined marginally and stood at merely 3.45 percent per annum. However the decade of eighties which witnessed improvement in Agricultural sector, Mining & Manufacturing sector, Service sector and Export sector has resulted in 5.46 per cent per annum growth in the GDP. In this connection it is significant to observe that the overall growth in GDP during the period 1950 to 1991 was not very impressive due to constant pulls and pressures. In the early 1991, Indian economy faced several economic crises, like fiscal imbalances, mounting inflationary pressures and severe balance of payment crisis etc. The congress government, which assumed office at the end of June 1991, responded quickly to these problems. As a rescue measure, a series of new policy measures were announced in July 1991 by the government of India. These are also known as Structural Adjustment Programmes (SAPs) of 1991.The major thrust of present paper is to evaluate the performance (for the period 1950 to 2006) as well as determinants (for the period 1975 to 2006) of Gross Domestic Product (GDP) of Indian economy.

scholarly journals Impact of goods and service tax (gst)

2017 ◽  
Vol 7 (2) ◽  
pp. 312-316
Author(s):  
Nithiya K
Keyword(s):  
Indian Economy ◽  
The Government ◽  
The Impact

A tax is not a voluntary payment or donation, but an enforced contribution imposedby government under the names of toll duty, custom, excise, subsidy or other name. The Goods andService Tax (GST) which was introduced from July 2017 by the Government of India is a valueadded tax, which is the only indirect tax that directly affects all sectors and sections of our economy.In this paper I have dealt in detail the impacts of GST, though its various objectives andfeatures in strengthening the Indian economy. Further the impact of Integrated Goods and ServiceTax (IGST),have been discussed at length in benefitting the individuals, importers, exporters andorganization.

scholarly journals Effects of GST on Automobile Dealers Industry

2021 ◽  
Vol 9 (12) ◽  
pp. 138-141
Author(s):  
Namita Agrawal
Keyword(s):  
Automobile Industry ◽  
Clear Correlation ◽  
Policy Reforms ◽  
Policy Makers ◽  
Automobile Manufacturer ◽  
The Government ◽  
Global Investors ◽  
Automobile Dealers ◽  
Taxation System ◽  
The Impact

Abstract: India has applied for GST for their taxation system which has already been applied by more than 160 Nations worldwide. GST has changed India’s perception in front of policy makers of other countries, global investors including big automobile companies. The growth of automobile sector has clear correlation with the policy reforms as it affects domestic demand pattern as well as trade balance. The automobile industry in India is the most booming industry from last many years. India has become the fourth substantial automobile market in 2019 with increasing sales by 8.3% to 3.99 million units. It was the seventh substantial automobile manufacturer in 2018. The government of India has also known the importance of automobile industry. India has imposed a flare of hope by determined growth targets, supported by many of vital undertaking such as Digital India and the make in India campaigns. There are many changes made ensuring simplicity in the GST tax system. The purpose of the study is to understand the impact of these changes by Automobile Manufacturers (OEMs). Keywords: GST, Taxation, Commercial vehicle, automobile manufacturer.

scholarly journals Industrial business groups in a context of deindustrialization. The Uruguayan Case, 1980-2015

2020 ◽  
Vol 5 (2) ◽  
pp. 150-176
Author(s):  
Juan Ignacio Geymonat
Keyword(s):  
Stock Exchange ◽  
Manufacturing Sector ◽  
Business Groups ◽  
Family Control ◽  
Two Samples ◽  
New Business ◽  
The Government ◽  
Small Economy ◽  
Main Effects ◽  
The Impact

During the 1990s, a series of institutional transformations took place that strongly affected the national productive structure, as well as its agents. Among the main effects of the new openness and liberalization policies are: the loss of relevance of the manufacturing sector in the economy, the abandonment of the complex system of tariffs and subsidies and the accelerated growth of foreign direct investment. How have these transformations impacted the structure of national industrial business groups? This is the central question that guides the article.The paper takes two samples from large industrial business groups in the late 1980s and in 2015, comparing their evolution in both benchmark years. In the construction of both samples, information was taken from the Central Bank of Uruguay, the Montevideo Stock Exchange, Official Newspaper and press sources, in addition to previous work. The evidence presented shows that aspects such as size, level of diversification and the form of family control have not varied much in each period. In this sense, the groups have remained stable around certain attributes. On the other hand, there are notable variations in the formation of alliances, the sector distribution of the business portfolio and the links with the government in different modalities.These variations and permanence can be explained by the impact of the new institutional context in the framework of a small economy like Uruguay. Although similar reforms in other countries in the region have strengthened national business groups (promoting their internationalization and their internal expansion into new business areas), the Uruguayan case seems to represent the opposite. In this way, the paper contributes to the discussion about family groups and their adaptation to the context of the second globalization in peripheral economies.

Impact of the Pandemic on the Indian Economy and Wellbeing

2022 ◽  
pp. 133-145
Author(s):  
Chitra Krishnan ◽  
Richa Goel ◽  
Jasmine Mariappan
Keyword(s):  
Migrant Workers ◽  
Social Insurance ◽  
Secondary Data ◽  
Educational Institutions ◽  
Migrant Population ◽  
Indian Economy ◽  
Secondary Sources ◽  
Wellness Education ◽  
The Government ◽  
The Impact

The goal of the study is to look at the impact of COVID-19 on major industries including automobiles, wellness, education, tourism, and many others, as well as migrant workers' status. COVID-19, a sudden epidemic, has had a devastating impact on the Indian economy. The migrant population was also affected by this situation. They were concerned about labor shortages, monthly rationing, and social insurance shortages. In this investigation, secondary data was gathered. The study focuses on the influence of COVID-19 on important industries such as automotive, wellness, education, tourism, and so on, as well as the position of migrant workers. Secondary data was acquired for this inquiry. Blogs, magazines, newspapers, news from foreign agencies, written academic papers, government materials, and websites are examples of secondary sources. Educational institutions, customers, legislators, the government, and the community will all profit from this research.

scholarly journals A cause and effect relationship between FIIs, DIIs and stock market returns in India: pre- and post-demonetization analysis

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Narayan Parab ◽  
Y. V. Reddy
Keyword(s):  
Stock Market ◽  
Negative Impact ◽  
Negative Relationship ◽  
Market Returns ◽  
Institutional Investment ◽  
Stock Market Returns ◽  
Market Sentiment ◽  
Indian Economy ◽  
The Government ◽  
The Impact

Abstract In one of the most historic decisions in the Indian economy, the Government of India demonetized its two highest currency notes (Rs. 500 and Rs. 1000) on November 8, 2016. The Indian stock market does not only consist of domestic investors; however, it does attract a large pool of foreign investors. The present study, considering the significance of demonetization in Indian economy, attempted to examine the association between foreign institutional investment (FII), domestic institutional investment (DII) and stock market returns taking into account a period of 686 days from June 11, 2015, to March 27, 2018, i.e., 343 days pre- and post-demonetization. The study made use of various statistical techniques such as summary statistics, augmented Dickey–Fuller test, correlation analysis and regression analysis. The results indicate a negative relationship of FIIs and DIIs with Nifty 50 Index Returns prior to demonetization; however, such a relationship was noticed to be positive post-demonetization. The present study did not evidence a significant impact of demonetization on FIIs and DIIs, but a significant negative impact was noticed in the case of Nifty 50 Index and various sectoral indices post-demonetization. Nifty Realty sector was found to be severely affected because of demonetization. The study will help the government in understanding the impact of demonetization on foreign and domestic institutional investors, various sectoral indices and evaluate market sentiment post-demonetization and therefore frame necessary policies. Also, the information provided in present study will help various stock market participants.

scholarly journals The Impact of Bank Credits on the Manufacturing Sector in Nigeria (1980-2015)

2019 ◽  
pp. 1-18
Author(s):  
Otubu, Osaretin Paul
Keyword(s):  
Error Correction ◽  
Granger Causality ◽  
Positive Impact ◽  
Manufacturing Sector ◽  
Error Correction Model ◽  
Ordinary Least Squares ◽  
Causality Test ◽  
Correction Model ◽  
The Government ◽  
The Impact

The study examined the impact of bank credits on the manufacturing sector in Nigeria from 1980 to 2015. The broad objective of the study is to examine the impact of bank credits on the manufacturing sector in Nigeria between 1980 and 2015. The econometrics methods of ordinary least squares, co-integration, error correction model and granger causality test were used as the main analytical tools. From the estimated error correction model, we found that bank credits to the manufacturing sector had a positive impact on the manufacturing sector output. Government expenditure, gross capital formation and tertiary school enrolment conforms to apriori expectation. A bank credit was found to be necessary for influencing or boosting manufacturing sector output. In addition, the granger causality result reveals that there is causal relationship between bank credits and manufacturing sector output in Nigeria. It is therefore recommended that the cost of borrowing should be reduced, and relevant authorities should maintain a sustained effort aimed at making sure that banks strictly comply with the credit concession granted to the manufacturing sector, and the government should provide social amenities and conducive environment for industrialization.

scholarly journals A Study on Impact of COVID-19 Pandemic on Primary, Secondary and Tertiary Sectors of Indian Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 0-0
Keyword(s):  
Migrant Workers ◽  
Secondary Data ◽  
World Health ◽  
Indian Economy ◽  
The Social ◽  
Political Dimensions ◽  
The Government ◽  
Novel Coronavirus ◽  
Health Organization ◽  
The Impact

COVID-19 emerged in China in December. The World Health Organization declares this virus as Global Disaster in March. The coronavirus has affected the social, economic, political dimensions of the nations globally. In this study, the authors consider the impact of novel coronavirus (COVID-19) on the different activities of primary, secondary, and tertiary sectors of the Indian Economy and various policies and reforms have been taken by the government. The secondary data is collected to put down this literature. Each sector of the economy faces chaos due to coronavirus. Migrant workers or laborers go to their state in the lockdown, a ban on materials, electronics imported from china, supply chain disruption, disturbance in the cash flow are some of the majors' reasons that lead to the uncertainty in different sectors. A fund issued by the Government can be utilized effectively to give benefits to employees, workers, farmers, organizations, and industries.

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