NAME : AYUSHA MAKEN CLASS : BBA 5TH B ERP ID : 0151BBA065 ASSIGNMENT NO. 1 QUESTION: Briefly explain the changes that happened in Indian Economy after 1991. ANSWER: By 1985, India started having balance of payments problems. By the end of 1990, it was in a serious economic crisis. The government was close to default, its central bank had refused new credit and foreign exchange reserves had reduced to such a point that India could barely finance three weeks’ worth of imports. India had to airlift
ASSIGNMENT International Finance and Financial Risk Management Aditi Chanani BBA- VI-C 0151BBA013 Impact of Globalization There are many implications of globalization on national economy. Globalization has great interdependence and competition between economies in the world market. Globalization in India had a positive impact on the overall growth rate of the economy. This is major improvement give that India’s growth rate in the 1970 was very low at 3% and GDP growth in countries
while the figure settled at 32 per cent of the total expenditure on food in urban India. The food industry is growing as Indians continue to have a feast and also because every member of the family is earning. As it has been fuelled by what can be termed as a perfect
The Cultural Impact of American Television Shows and Hindi Daily Soaps on the youth in Manipal University: A Comparison Michell Mathias School of Communication, Manipal University Registration Number: 120701098 Class: BAJC 6th Semester, Section A Course Name: Media Seminar and Current Affairs Date: April 15, 2015 Abstract: Television as a medium of globalization is evolving and spreading throughout the globe. Initially, about 20 years down the lane, Indians would prefer watching Hindi daily
dress, work, think, interact, and communicate. Everything we do, in essence, has been shaped by the cultures in which we are raised. Similarly, a person in another country is also shaped by his or her cultural influences. These cultural influences impact how we think and communicate. Most of the professionals think that in today’s shrinking world, cultural differences are no longer significant. It’s a common mistake to assume that people think alike just because they dress alike, it’s also a mistake
Corporate restructuring is the name of the game all over the globe. Indian companies too, have learnt that this is a faster mechanism of intensification. Restructuring through Amalgamations and acquisitions, if suitably chosen and implemented, can permit a organization to leapfrog into a novel orbit of markets, customers, products and technologies almost overnight. On the other hand, it may well take more than
Political Economy of St. Lucia: Karl Polyani and Charles Dickens “Everyone is talking the talk but not everyone is walking the walk.” – Montek Singh Ahluwalia. (Globalisation and the Indian economy) Starting off with the statement above, I agree with most of the contemporary economists that not every nation in the world is able to cope up with the ideas of neoliberalism and globalization. Globalization is a continuous process through which an increasingly free flow of human capital as well as infra
to access global markets. All these factors act as driving forces for economic globalization. Economic globalization is one of the three main dimensions of globalization, generally discussed in academic literature. The other two are political globalization and cultural globalization. Economic globalization is defined as, “the increasing economic integration and interdependence of national, regional and local economies across the world through an intensification of cross-border movement of goods,
billion won ($202.7 million) in net profit also made 2016 the best performing year in the company's history”(Zhang). Globalization helps business a lot. Also, not only normal business, luxury brands are also more and more popular among these years. Luxury brands like Chanel, Louis Vuitton and Dior have centuries old history. This also can help to spread the culture of fashion. Globalization has a big influence in our daily life.And also brainwash our parents. The biggest problem I want to talk is mobile
E-tailing in India- Growth, Challenges and Opportunities Abstract The Indian Online Retail segment is changing rapidly by the impact of technology. Smart phones and internet enabled customers to connect e-tailing in a huge manner. E-Tailing has become extremely popular over the last decade. Today is the Era of Globalization and the consumer is not bound within a particular place to access products available anywhere in the world. Now he can go beyond the boundaries of any market area where he lives