Category: Economics »

An overview of the Indian Pharmaceutical industry

The Indian pharmaceutical industry has emerged as the third largest country in the world in terms of volume with a turnover amounting to US $ 21.04 billion in 2009. In addition to this, the industry includes more than 20,000 licensed companies that employs 500,000 people (Industry, 2011). Furthermore, Indian pharmaceutical industry secured the top position among the science based industries through a range of capabilities in production and technology. In terms of market segmentation, leading 250 pharmaceutical companies have controlled 70 % of the market (PwC, 2012). Read more »

An overview of the metallurgical industry of India

The metallurgical industry has played a significant role in India’s economic growth. India produces 95 minerals, 4 fuel related minerals, 10 metallic minerals, 23 nonmetallic minerals, 3 atomic minerals and 55 minor minerals including building and another type of minerals (FICCI, 2018). The mineral production in India has shown significant growth at CAGR of 5.72% between 2013-14 and 2017-18 to reach an estimated amount of US $ 17.62 billion in 2017 -18 (Indian Brand Equity Foundation, 2018). Read more »

An overview of the Indian textile industry

The Indian textile industry has occupied a prominent place in the economic development of the country since independence. The industry has expanded at a very fast rate to become the second largest producer of textile and garments. The Indian textile industry accounts for 24% of the world’s spindle capacity. In terms of the growth of the industry, the market size of the industry has grown from $ 70 billion to $ 90 billion in 2012 (India Brand Equity Foundation, 2012). The industry has also emerged as the second largest employer after agriculture and is expected to grow five-fold in the next ten years to cross the market of $ 500 billion. Further, the industry contributed 5 % to the GDP and 27 % to the country’s foreign exchange inflows in 2012 (Paper, 2015). Read more »

An overview of the growing chemical industry in India

The Indian chemical industry has gained a major share in Asia’s growing contribution to the global chemical industry. It has also emerged as one of the preferred destinations for investment in the chemical industry worldwide (Chambers, Road, & Nadu, 2012). With the global share of 3 %, the Indian chemical industry covered a size of about $ 108 billion in 2012 and $ 290 billion in 2017 (Industry, Update, & Kapoor, 2018). Read more »

Establishing a relationship between FDI and environment

The previous articles analysed the impact of foreign direct investment (FDI) on the economy of India in the post-reform period. However, one cannot make a systemic assessment of the foreign investment without looking at the cost. The reason is simple. Rapid industrialisation has cost India its environmental health. Economic and environmental performances are complimentary for development because the environment provides all the natural resources necessary for the production of goods and services. Production leads to growth but the by-products and wastes create pressure on the environment, resulting in pollution. Read more »

Impact of FDI inflows on the rate of inflation in India

The previous article tested the relationship and investigated the impact of Foreign Direct Investment (FDI) inflows on Gross Domestic Product (GDP) in the context of the Indian economy. The purpose of this article is to empirically examine the impact of FDI inflows on the rate of inflation in India. Therefore, this article considers the relation between FDI and another important macroeconomic variable namely rate of inflation. Read more »

Analysis to find impact of FDI inflows on GDP of India

Foreign Direct Investment (FDI) is a vital catalyst for economic growth. Over the years, FDI has developed impressively in its significance for Indian economy especially after liberalization. The previous article highlighted the importance of Gross Domestic Product (GDP) as one of the main indicators of economic performance of a country. The aim of this article is to empirically analyse and investigate the impact of FDI inflows on GDP in India after establishing long run association and causality between these two variables. Read more »

Factors affecting the economic performance of a country

Economic performance of a country is measured by economic growth and the most commonly used indicator for economic growth of a country, its Gross Domestic Product (GDP) or Gross National Product (GNP). GDP is the aggregate value of all final goods and services produced in the domestic territory of an economy or a country in a certain period of time. GNP is GDP adjusted for domestic workforce working abroad and the foreign workforce working in the domestic economy. Although economic growth alone is not a sufficient condition for economic development, it is a necessary condition for an economy to be healthy and performing well. Read more »

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