Indian Economy
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Dr. S.K.S. Yadav ◽  

COVID-19 has affected the entire world. India, like other countries have adopted the safest way of lockdown in order to prevent the pandemic. One of the most critical impact of lockdown is increasing inflation. Covid-19 has affected the economy in many ways, but the most tangible outcome is the impact of inflation that has affected each and every person. Even into the pandemic, Inflation in India did not see it going below 6%. Inflation has been one of the most burning issue of economics. It is an increase in the prices of daily commodities over a period. This paper is an attempt to understand the impact of inflation on Indian economy during COVID-19. The paper looks at the methods that are used to measure the level of inflation, and the factors that are responsible for the current high level of inflation in India during COVID-19.

Syeda Wajeda Hussaini

Demonetization refers to the process of stripping of currency unit of its status as legal tender. Demonetization was announced on 8th November, 2016 by the honorable Prime Minister, Mr. Narender Modi with the objective to remove black money, corruption, terrorism and counterfeit notes. Demonetization was a massive step taken by the government of India which had an immense effect on the Indian economy especially on the banking sector as banks forms the core sector of Indian economy. The study aims at finding an insight of impact of demonetization on banking sector, the results indicates demonetization had an initial dip in the short run but in the long run demonetization is going to have a positive impact on the Indian economy in the form of reduced corruption, greater digitalization, tax compliance and better formalization of the Indian economy.

Amartya Saha ◽  
Ankita Kumari ◽  
Anuradha Padhy ◽  
Anuradha Panda ◽  

On 20th December, 2019, the Central Government introduced the Taxation Laws (Amendment) Ordinance, 2019, which created a favourable taxing environment for the Companies. Through this Ordinance, section 115BAB, which covers all sorts of domestic companies, that is, any company formed and registered in India, was introduced in the Income Tax Act which offered a very low tax rate of 15% (17.5% including surcharge and cess) to the new manufacturing companies. This Ordinance also reduced the Tax rate for domestic companies to 22% (25.17% including surcharge and cess). Additionally under the new corporate assessment strategy, new organizations that set up assembling offices in India beginning in October and initiate creation before the finish of March, 2023 will be charged at a viable pace of 17%. This move did cause a rise in the value of the stock in India, but through this paper, we plan to delve deeper into how this new introduction affected the economy of India – ranging from the stock market to the value of rupees against dollar, the idea behind introducing this Ordinance, while also touching upon what is Corporate Tax and the Corporate Tax system that was present before the introduction of section 115BAB.

2021 ◽  
pp. 1-2
Willem van der Geest

L. Murali Krishnan ◽  
N. Kumarasamy ◽  
S. Oliyarasan ◽  
Sukanaya Barua ◽  
Quadri Javeed Ahmad Peer ◽  

Indian economy is a fifth largest developing economy. It has been grown in between the periods of time (1991 – 2016) India’s GDP stood at Rs 5,862,120 million in 1991 and in 2016 it was at Rs 1,35,760,860 million economy with 2, 216 percent growth. At the same time, global disparities are growing with industrially and technologically more advanced countries by accessing the ever increased digital technologies, online platforms, data analytics, automation and robotics and capitalizing the globalized opportunities. Hence, as a second highly populated country like India should access the technologies to promote various start-ups in to globalized established corporations for economic development and to be the second largest economy in the world by 2050. The start-ups support and help to absorb productive resources at all levels of the economy. It contributes to the creation of resilient economic systems in which start-ups ecosystems and small and large firms are interlinked. Such increasing linkages support, attract foreign direct investment and investing transnational corporations seek reliable domestic suppliers for their supply chains. In agriculture and allied sector start-ups also have a potential to empower millions of farmers and farm women to address the food and nutrition security, livelihood security and other sustainable development goals. But still funding activities are the biggest driving factors in the start-up ecosystem. Hence, appropriate funds and other assistance may enrich the start-up ecosystem to boost up the Indian economy in the globalized platforms. So, the CSR funds plays very important source to capitalize the start-up ecosystem in to sustainable development based economic ecosystems.

Subhodha S M

Internet of Things (IoT) which is a network based on the physical systems which it can be exhibited in the form of a typical embedded system including electronic devices such as sensors. The connectivity of the network which can be enabled by these objects for exchanging and collecting data. Here in this project our main goal is to help the backbone of Indian economy which basically is farming. The technical graduates of India are supposed to help in this regard, hence we have choose this project namely ‘AUGUMENTED GREEN REVOLUTION USING IOT”. As the name indicates we have planned to combine many technologies into a single plot, which we are assuming to be a new revolution in green industry. First we understood the current agricultural disputes of our local farmers, thereby understanding the possible solutions for it we have tried to solve some of them. The problems which we identified are Irregularity of three phase current, damaging of crops, burning of bore well motor coil due to dry run, loss of crops due to scarcity of water, difficulty of growing multiple crop on the same land, improper irrigation. To overcome all this problems we have undergone sufficient research and obtained all the possible solutions.

Mrs. Aarti Vyas Varma

Rapid shift in technologies, increasing knowledge intensity and development in internet and telecommunications systems has brought lot of changes in almost all facets of life including banking sector. These advances have given bent to digital economy. E- banking has almost replaced the traditional banking system and act as a competent and viable means to create customer value. The covid outbreak has posed a serious threat to Indian economy. One virus has halted the entire nation. During the covid-19 situation the Government has announced a lockdown, thus allowing banks to function with limited staff. People cannot meet their regular needs for banking thereby diverting customers to opt for E-banking services. The need for E-banking has increased during the covid-19 situation. During lockdown banks were strenuous more on online banking providing better service and satisfaction of the customers. The present paper explores the major factors responsible for customers acuity towards e- banking during covid-19. Analysis of variance technique is employed to study the significant relationship between the selected variables and customer acuity towards usage of e-banking services during covid-19. The research substantiated to conceptual framework will help the bankers to understand the customers need in better way.

2021 ◽  
Vol 9 (1) ◽  
pp. 8-16
Manchala Seema ◽  
Syed Sayf Ali

This study seeks to gain a better understanding of how the succession planning is undertaken in family owned businesses, most preferred qualities in the prospective successor and the transfer of tacit idiosyncratic firm knowledge from one generation to the next generation. The fact that family businesses contribution to the Indian economy is highly significant as well as the fact that most of the family businesses do not survive beyond three generations makes the study important. This study was conducted by distributing a quantitative survey containing numerous close ended questions to the family business owners, potential successors and successors. The survey asked respondents to explain how succession planning takes place in their firm, the most preferred qualities in the prospective successor and the mode of transfer of tacit idiosyncratic firm knowledge from one generation to another. The survey results provided insight into many important factors of succession planning such as the prospective successor being chosen with consensus of the all the family members, the process of succession being well communicated in the business and possessing leadership values is the most preferred quality sought in a successor. Learning by observing is the most preferred mode of transfer of tacit knowledge from one generation to another.

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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