The current account balance is an important macroeconomic factor. Though many countries similar to India are spending more abroad resulting in a current account deficit, due to which many trade unions, businesses, and parliamentarians are increasingly concerned with foreign expenditures.
current account deficit, Indian economyThe 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).
fdi is vital for the economy, imports & exports, Indian economy, the two faces of fdiThe service sector is one of the fastest growing sectors in India. Contribution of this sector in gross value addition in Indian economy was 52.97% during the financial year 2014-15 (Planning Commission 2015). India witnessed a rapid expansion in this sector after the liberalisation of the economy in 1991.
fdi is vital for the economy, Indian economy, the two faces of fdiA well-developed manufacturing sector is needed to provide the basic needs of the population. Similarly to lead to an increasingly diversified economy and to give rise to social psychology and institutional changes manufacturing sector is a principal indicator of economic development of a nation.
fdi is vital for the economy, Indian economy, manufacturing sector efficiency, the two faces of fdiThe foreign direct investment drives the economic growth of a country. Foreign direct nvestment plays a major role in the advancement of technology, generating employment opportunities and promoting overall development of the economy.
fdi is vital for the economy, Indian economy, the two faces of fdiChina is the fastest growing economy in the world and India is the second fastest. Together they account for a disproportionate share of global GDP growth today.
fdi is vital for the economy, imports & exports, Indian economy, the two faces of fdi