An analysis on the different insurance policy in India and its role in economy growth and providing people with better life opportunities

A update financial system is a very necessary for the economy growth, insurance industry provides freedom security for the future to all its citizen. In India the government and the insurance industry works together to provide maximum benefit to its people in the form of life and non-life insurance which includes health, travel and vehicle insurance, it is a very old industry, exiting since ancient times in different form, with privatization, we see a rapid rise in insurance industry, where people are saving along with there is domestic saving, FDI has amplified to 74% which has brough in capital income. Farmers, poor and vulnerable people have been benefitted with majority of the health insurance policy in India. we also see a rise in digital insurance. In FY21 the non-insurance recorded 5.19% growth in Growth Direct premiums, where as the market share for general and health insurance has escalated from 47.19% to 48.3% for FY20. In this pandemic the main focus in on health insurance, the government is bringing in new schemes for health sector and incrementing its insurance.

Consumption Contribution to Economy Growth

The analysis of the final consumption influence on the Gross Domestic Product is rarely studied. The final consumption is one important studies that follow the expenses method of GDP calculation and formation. The econometric approach gives substantial results when a longer interval is approached. The fact of econometric model is the dependence of the national economy on final consumption. Thus, the unifactorial regression model can be used to establish the influence that the value of final consumption. The Researcher make some description about final consumption in Southeast Asia+3 and US.

Understanding the Impacts of Blue Economy Growth on Deep-Sea Ecosystem Services

The deep sea is the vastest environment on Earth and provides many services and goods. Understanding the services and goods of deep-sea ecosystems would enable better resource governance and decision-making. In the present study, we reviewed and assessed deep-sea ecosystems services using the Ma conceptual framework, which incorporates ecosystems services and goods with human welfare. We also analyzed and measured the scientific production between 2012 and 2021 using the Dimension dataset. The bibliometric analysis showed a lack of studies related to deep-sea ecosystem services, which suggest the urgent need to overcome the existing knowledge gap regarding deep-sea components. However, the current knowledge revealed the crucial role that these ecosystems provide to the planet. Furthermore, we highlighted that there are common services and goods, and every ecosystem service feeds into another one. Developing actions and policies based on approaches that combine all deep-sea ecosystems services and goods are needed for the sustainable growth of the deep-sea economy in accordance with the United Nations Development Goal 14: Life Below Water.

Impacts of the Blue Economy on Economic Growth in Vietnam

This study evaluated how factors of the blue economy affect economic growth employing the quantitative method to run a panel regression model, based on data collected from sources from the General Statistics of Vietnam (GSO), the General Department of Vietnam Customs, Vietnam Statistical Yearbook....with a sample of 280 observations from 28 coastal provinces and cities in Vietnam from 2010 to 2019. The contributing factors that measure the blue economy growth are total fishery production, aquaculture production, shipping and port, travel and tourism, labour, capital and export. The results revealed that the blue economy factors played a significant role in Vietnam's economic growth. In addition, the study proposed that it was necessary to build stable politics, clear orientations, reasonable control over investment sources, and national cultural spirit to improve and develop a sustainable blue economy. Keywords: Aquaculturem fishing, blue economy, economic growth, fishing production. JEL Codes: C13, O10, O11.

The Challenges and Solutions for Digital Entrepreneurship Platforms in Enhancing Firm’s Capabilities

Digital entrepreneurship platforms have created opportunities to marketers and manufacturers to achieve their marketing objectives with digital technologies through various digital platforms. Implementation of digital platforms have changed the traditional ways of doing business in bricks and mortar to digital channels such as online marketing, App store, purchase via internet or smartphone, e-transaction and e-commerce. There is a general belief that by moving firms towards digitalization world and selling products or services through digital platforms will increase firms’ capabilities and directly increase sales finally lead to better firms’ performance. In fact, this is not applied to all the firms involving selling and buying in digital platforms. The main advantages of doing digital platforms business are do not need much capital in starting up the business and this business model allows digital entrepreneurs to work from anywhere and anytime without the restriction of locations and time constraints. There are many factors in influencing the success or failure of digital entrepreneurship of an individual, team or firm. First and foremost is the innovation factor which determines the successful path to the ultimate goal of the business. This paper discusses the digital entrepreneurship opportunities, digital platforms practices, challenges, risks and constraints faced in promoting and expanding digital platforms from a Malaysian perspective, such as firms’ organizational structure and human resource in digital expertise, digital technologies readiness, financial supports, market changes and unprecedented risks. This paper argues the importance and development of digital entrepreneurship that incorporates strategic innovation to enhance firms’ capabilities. The findings of the paper highlighted the potential of digital entrepreneur platforms in increasing new career for individual, enhancing economy growth and welfare for consumers. Hopefully the discussion outcomes will raise further awareness and attention of individual, team and firms to integrate digital entrepreneurship into their businesses.

Business Cluster and Entrepreneurship Growth in Nigeria: A Systematic Review.

The research in business clusters (BC) system of entrepreneurship development has increased in the recent year. A plethora of research has explored; entrepreneurship and urban growth, the entrepreneurial attitudes on the structure of support for entrepreneurship in an ecosystem, the effect of business clusters on firm performance and more recently, the dimension of agglomeration, institution and environment on business clusters. With the aid of Systematic Qualitative Assessment Techniques (SQAT), we review 79 business cluster journal articles published over the last 11 years (2010 – 2020) that sought to provide BC antecedent and impact on entrepreneurship and economy growth to provide a point for future research. Also, the review provides the geographic distribution, time distribution, underlying drivers of previous research, types and method of data collection used by these BC articles. Our findings shed light on the key themes including the evolution of BC, the impact of BC on the economy, application of BCs and the public policy maker roles. Furthermore, there is a dearth of BC research in Africa, South America and Australasia with most BC research are empirical and this represents gaps for future researchers to explore.

The Roles of SMEs on the Sustainable Economy Growth after Covid-19 Pandemic in Nigeria

This study purpose is to conceptual framework for sustainability developed in Small and Medium Scale Enterprises (SMEs). The study is assessing the roles and contributions made by the SMEs for the sustainability in the economy of Nigeria after the effects of Covid-19 pandemic. Corvid-19 pandemic caused a major trouble on the economic, political, financial, social, religious activities most developed and developing countries. Nigeria economy was affected, and it led to many crises ranging from loss of government revenue, supply of goods and services, accessibility to credit facility by both individual and organization, loss of job, poor standard of living following restriction on human mobility and stay-at-home order by the government. The rate of poverty is at increase as a result of these crises. The overview effects has caused loss of employment opportunity creation, poor standard of living and affected the national GDP contribution to the economy sustainability. Therefore, the study recommends that the conceptual on the SMEs should focus operation of SMEs production and related businesses currently protective to the sustainable economy growth. It also recommends that Government should put in place strong and lasting infrastructure to ease activities of SMEs in Ekiti State.