StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Macro Economics - Research a country - Essay Example

Cite this document
Summary
Macro Economics - Research a country Introduction: India’s demography and economy India is a country in South Asia that is the seventh largest country in the world in terms of area. India has a population of 1.2 billion people and is the second-most populous country in the world…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
Macro Economics - Research a country
Read Text Preview

Extract of sample "Macro Economics - Research a country"

Download file to see previous pages

The other neighbors of India that lie in the Indian Ocean are Sri Lanka, Maldives, Thailand and Indonesia. Discussion The Indian economy is the eleventh largest economy in the world in terms of nominal worth. The nominal worth of India has been estimated to be $1.75 trillion. The economy is also designated as the third ranked economy in the world in terms of purchasing power parity. The country has witnessed an average GDP growth rate of 5.8% over the last twenty years with the average growth rate of the economy reaching to 6.

1% in 2011-12. The backbone of the Indian economy is the agricultural sector supported by the huge labor force available in India. The size of the labor force in India is 486.6 million which is the second largest in the world. The economic reforms adopted by the country have seen the growth of the services sector in a rapid manner over the last twenty years. The agriculture sector now constitutes 18.1% of the GDP of India, the services sector constitutes 55.6% and the industrial sector comprises 26.

3% of the GDP of the country. However, the country has GDP per capita of USD$448.91 which ranks 140th in the world. The political system in India has seen the emergence of coalition government formed over the last two decades with no single party being able to attain majority in forming the central government. There is diverse opinion between different states. However, in the best interest of the nation, the central government and states work hand in hand to implement the policies for economic growth.

The economic reforms adopted by India to attain economic liberalization have seen growing investments in the education and heath sector (Mankiw, 2011). The infrastructure of the rural health and education has developed due to the strategic policies of the government thereby improving overall standard of living for the population. The share of India in world trade was 1.68% as on 2008. India has emerged as the nineteenth largest exporter and the tenth largest importer in the world as on 2011. The main industries that import goods in India are the crude oil, chemicals, fertilizers, gems and machineries.

The major industries that export goods from India are leather, textile, jewellery, petroleum, engineering goods, etc. The average exports of India stand at USD$3703 and the average imports is USD$5463 as on 2013 (Trading Economics, 2013). The process of globalization has led to the inflow of huge volumes of foreign direct investments in the country. India has been able to develop progressive technologies that have laid the path of sustainable economic progress of the country. By attracting foreign investments, India has been able to catalyze the growth of industries and services that impacted the economic trends in a positive manner.

The telecommunication industry is the fastest growing industry in India while the automobile industry is the second fastest growing industry in the world. This has led to the rise in the income level of the population that stimulated the economic demands followed by the growth of production volume and GDP growth in India. India has been in a relatively advantageous position in the world economy after the global financial crisis and meltdown (Allen, 1999). India’s share of overseas investments in US was limited due to which the country was far more insulated from the adverse impacts of the crisis.

India has moved from strength to strength with central bank in India

...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Macro Economics - Research a country Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Macro Economics - Research a country Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/macro-microeconomics/1493654-macro-economics-research-a-country
(Macro Economics - Research a Country Essay Example | Topics and Well Written Essays - 750 Words)
Macro Economics - Research a Country Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/macro-microeconomics/1493654-macro-economics-research-a-country.
“Macro Economics - Research a Country Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/macro-microeconomics/1493654-macro-economics-research-a-country.
  • Cited: 0 times

CHECK THESE SAMPLES OF Macro Economics - Research a country

Economic Impacts of the 2014 FIFA World Cup in Brazil

The approach to discussing the negative economic impact would be to look at different variables of economic parameters that may be of concern to the country's economy, before, during and after the World Cup.... In effect, the very moment that the country announced its intention to host the World Cup in 2014, active preparations started going on.... Meanwhile, even though there were some level of sports development in Brazil, it was not adequate to get the country the bid....
9 Pages (2250 words) Research Paper

Three Advantages and Three Disadvantages of being a Trading Bloc Member

They are now able to freely access the Mexican Market and present a much more favorable deal to their partners in that country.... The paper "Advantages and Disadvantages of Being a Trading Bloc Member, Added Value in Business to Business Marketing" states that competition is defined by the “number of firms in the industry, relative size of the members of the industry, product differentiation, and ease of entry....
10 Pages (2500 words) Research Paper

Economies, Markets and Strategic Decisions

This has put However, growth in these vital sectors has improved the GDP rate in the country and provided more job opportunities for Qatar citizens due to the progressive social programmes provided by the national government.... As a result of the influx of foreign investors and rising labour productivity, the country has witnessed a 20 percent increase in domestic credit availability, including private the business credit (SESD 2004).... Macroeconomic performance in terms of establishing a diversified economic portfolio and rising consumer income levels have provided the country an opportunity to expand its knowledge and educational bases to include multiple industries and specialized production capabilities....
12 Pages (3000 words) Research Paper

Undergraduate economics major students and their future

The goal of every economics undergraduate student is to become one of the important members of the top organizations… Undergraduate economics major students are able to improve their analytical and decision making skills and in this way they become so prepared to take up the top positions. This research identifies the relationship between the labor market or the employment level Being a economics student, the researcher is highly motivated in conducting this research and identifying the relationship between the employment level which is the dependent variable and economic major which is the independent variable....
5 Pages (1250 words) Research Paper

Strategic Global Marketing Plan for Ferre'rs Furniture

This is because the above tools will cover political, economic, social, and technological factors influencing the company as well as the country in which the company wishes to invest.... The company has been able to grow from 5 distribution and manufacturing plants to over 10 manufacturing plants centers throughout the country.... As we have learnt, the company has only 10 branches in the entire country while as the country has a large furniture market....
2 Pages (500 words) Research Paper

The Determinants of FDI in Nigeria and its Effects on the Growth of SMEs

Foreign direct investment refers to the direct investments made to businesses or production process in a given country by companies or individuals from other countries.... A paper "The Determinants of FDI in Nigeria and its Effects on the Growth of SMEs" outlines that there are two approaches that are commonly applied namely the macro approach and the micro approach.... macro approach encompasses empirical examination of effects of FDI.... African leaders have understood the significance if FDI that it can bring forth in their countries with Nigeria being among the countries where FDI has made remarkable impacts in all most all sectors In this particular area, there are two approaches that are commonly applied namely the macro approach and the micro approach....
6 Pages (1500 words) Research Proposal

The Effectiveness Of UK Anti-Corruption Policy A Research Proposal

hellip; The research paper discusses that the corruption levels of a country are determined by the country's human capital and GDP, as well as the degree of political and market competition present in that state.... The article explains that there are several macro-level and cross-country studies, which have focused on the effectiveness of specific anti-corruption strategies (Cooper & Shour, 2012: p126) and on the particular characteristics of countries that have managed to reduce their corruption levels to notably low levels (Burrell et al, 2010: p28)....
5 Pages (1250 words) Research Proposal

Seven-Eleven Company

The companies of one country ventured into the other nations.... The author concludes that a successful retail firm was bound to have a licensing agreement when it tried to enter Hong Kong.... But an analysis of the Seven–Eleven case study suggests it was a deliberate move by the company in order to strike a balance between risk and profit in an uncertain economy....
11 Pages (2750 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us