Banking as an industry processes cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and loans. They offer savings accounts, certificates of deposit, and checking accounts. Bank loans and credit mean that families don't have to save before going to college or buying a house. Banking plays a significant role in the economy of any nation. In this essay, I am going to take a closer look at its conception in the context of...
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Climate is changing day to day. This climates change gave the attention to the entire world because it is our responsible to take care of our climate change. There are gases which are affecting the climate such as CO2, CH4, N2O, etc. India was responsible for 4 percent of total emission in 2000. Emissions are set to rise further still over the next 20 years as the Indian economy rapidly develops. The farm sector in India is in trouble and...
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Openness of the foreign trade and investment explains the rapid growth of India. Since the Indian government adopted economic liberalization policy in 1990s, improved the employment situation in India. According to the International Labor Organization, the number of Indians in workforce increased by 80 million over the last decade (Economist 2010). The foreign firms attracted by the inexpensive labor cost of the country, therefore they decided to establish their business abroad and hire workers, manufacturing job to high technical position....
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India is not simply emerging: India has already emerged. India has a tremendous growth story, and is truly one of the rising stars of the global economy. India is now in the phase of the fastest economic expansion in comparison to developing countries. But still, the Indian economy is known as ‘developing economy’. Which signifies that India is still underdeveloped and the process of development has been initiated in the country. Since development has been initiated, the Indian economy is...
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Coronavirus disease 2019 (COVID-19) is an infectious disease caused by severe acute respiratory syndrome (SARS-CoV-2). It was first identified in December 2019 in Wuhan, China, and has since spread globally, resulting in an ongoing pandemic. As of 25th may 2020 around 5.4 million people are infected around 2.17 million people have recovered and the disease had caused around 3,45,000 deaths. Common symptoms include fever, cough, fatigue, shortness of breath, and loss of smell and taste. The time from exposure to...
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Energy is a prime requirement of our day-to-day life functioning and thus in general words energy is defined as the ability to do work. In the present world, energy plays a very important role in day-to-day life. In ancient times, wood and fossil fuels were often used as sources of energy. The amount of energy consumed is an indicator of economic growth and development, more the energy consumption, the more will be economic growth. Thus, energy is an important catalyst...
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Tea in not cultivated everywhere in the world. It is restricted to specific regions of the world due to the specific requirements of climate. Major of the producers of tea are in Asia are China, India, Sri Lanka, and African countries such as Kenya, Rwanda, Malawi, Uganda and Tanzania. The regions where tea is grown are generally located in the tropical regions where rain is more and get a proper environment to grow. Furthermore, many countries like Argentina and Brazil...
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The term ‘globalization’ refers to the free and flexible movement of products and services across borders. The process follows an integrated and well-managed manner. It opens a gateway to be a part of the global economy and trade. The globalization directly impacts on the economy of the country as it attracts foreign direct investment by opening global trade opportunities. Furthermore, if one looks into the impact of globalization on the Indian economy, it is quite visible that it helped in...
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Coronavirus pandemic has created huge disruption on the economy. India’s growth for the fiscal year 2021 has been downgraded by credit rating agencies. Coronavirus has degraded the economy throughout the world. It has deeply affected the economy at both macro and micro levels. Many employees are losing their jobs or facing salary cuts. Some businesses are being significantly affected. India may have a negative growth rate for the financial year 2021. Let us look at how Coronavirus has affected various...
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