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| 1 |
ID:
133435
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2014.
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| Summary/Abstract |
Classical free trade theory, which originates from Adam Smith's and David Ricardo's theory of comparative advantage, claims that countries specialize in an export what they are relatively good at producing, and they import what they cannot produce sufficiently. Since for example the climate in Germany does not allow for the production of coffee ant since the infrastructure and the technological advancement for the manufacturing of car is not developed in Bolivia, both countries benefits from opening their markets for mutual trade. In theory, free trade is a win-win Situation which everyone benefits.
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| 2 |
ID:
133443
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| Publication |
2014.
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| Summary/Abstract |
Recent reports say that the newly elected government led by Narendra Modi has taken the decision to allow 100% Foreign Direct Investment (FDI) in defence production. The government has also signalled plans of further relaxing FDI permits for railway and big infrastructural projects. There is a clear indication that FDI would be one of the main drivers of economic growth in India and ensuring better flow of foreign investments would be a government priority.
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| 3 |
ID:
133444
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| Publication |
2014.
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| Summary/Abstract |
The Gujarat model of development, also known as Modinomics or Modi Model, is not about Gujarat's growth alone but development too. Its vibrant industries, perceptible improvement in social sectors, is a story of education, health, water, electricity and roads. It is a story of how the benefits have trickled down and how deprived segments have been streamlined. The Gujarat model, so to speak, has implications for other states too, since it is about governance, efficient public expenditure, decentralization and participatory planning.
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| 4 |
ID:
133434
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| Publication |
2014.
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| Summary/Abstract |
The growth performance of the Indian economy has been varied, yet impressive. From a slow growing nation in the 1950s and 1960s, India moved to a high growth trajectory since the initiation of economic reforms since 1991, and despite serious downturn in recent years due to the onset of global recession, in term of growth of GDP at factor cost, India in recent periods became the second fastest growing nation in the world, and this continued systematically over a decade. Her growth performance in recent decades like that of China has been hailed as the success story of globalization
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| 5 |
ID:
133449
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| Publication |
2014.
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| Summary/Abstract |
Hence it can be safely argued that RTA in any form are not harmful, in fact these have contributed in the growth of Indian economy. The moot point is, how are these used by India?. So far the results are positive and for economic growth of the future India will need more market integration, free trade regimes and easy access to newer markets hence their utility will increase in the years to come. The need at home front is that we must produce better quality products and deliver it with the help of RTAs reaping the great dividends even without this help even one global standard product can reshape the Indian economy and quality of life of Indian people, Samsung from South Korea and Nokia from Finland are its living examples.
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| 6 |
ID:
133436
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| Publication |
2014.
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| Summary/Abstract |
with annual growth rate hovering below 5%, Asia's third-largest economy has been weighted down by high inflation, a weak currency and a drop in foreign investment. As per World bank's chief economist Kaushik Basu, poor governance and inadequate infrastructure are holding up growth in India.
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| 7 |
ID:
133445
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| Publication |
2014.
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| Summary/Abstract |
Economic viability has attained a central place in India's development and it is also a driving force to forge peace and friendship with neighbouring countries. Just as China is resorting to economic measures to strengthen ties among Asian countries including India, India is also considered as one of the three major economies of Asia that has the capacity to mould stable relationship with Asian and neighbouring countries. To achieve the target of economic growth for economic sustainability there are various factors and swings which will determine the future course of economic history.
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| 8 |
ID:
133439
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| Publication |
2014.
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| Summary/Abstract |
While infrastructure development has always been the top agenda for India, considering the current global economic dynamics as well as domestic growth imperatives, it has emerged as one of the single largest imperatives which could seriously compromise the economic growth trajectory. The Indian Economy is currently going through a challenging phase as GDP growth has slowed down to nearly a decade low in 2012-13. Most projectors envisage a slow build up to the 8-10% GDP growth. Infrastructure spend is likely to have a positive spiral effect to the GDP growth and is likely to be one of the main levers to unleash India's economic growth potential.
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| 9 |
ID:
133446
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| Publication |
2014.
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| Summary/Abstract |
There has been a growing concern about the issue of "jobless growth" in the Indian economy as a major problem to the enormous growth of GDP, growing at about 8.6% during the year 2005-2010. This paper takes a comprehensive investigation into India's as well as major Statewise economic growth and employment during the different NSS rounds, with a special reference to the service sector, the main growth engine for Indian economy over past two decades. This paper tries to examine the factors accounting for the growth in the Indian economy through the labour market and workforce behavior.
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| 10 |
ID:
133441
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| Publication |
2014.
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| Summary/Abstract |
The discussion regarding economic growth, inflation and employment will continue as these are dynamic concepts which force the planners and the rulers to change the strategy of economic growth from time to time as the economy advances and with that there is advancement in the size of population demand and other different aspirations of the people. Change in the strategy of planning for economic development becomes quite obvious as in the democratic system there is always ascope of change of the party which comes to power with a different approach to economic development.
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