Macroeconomic factors influence a country’s economic outcome on the national and regional level. Gross domestic product (GDP), employment rate, inflation rate, interest rate, Foreign Direct Investment (FDI), stock performance, government policies, and production cost are the major economic factors which affect economic growth. In India, the construction business in the real estate sector is the second largest in terms of employment generation. Read more »
Liberalisation can be defined as the reduction of legal restriction and economic liberalisation can be defined as privatisation. It is associated with transferring the ownership from the public sector to the private sector (Sally, 2007). In the year 1991, India faced a severe crisis of foreign exchange reserves which were at an all-time low. In the aftermath of the events, many sectors received a boost due to the sudden increase in FDI (foreign direct investment) inflow. Read more »
After the demonetization, the deposits in bank accounts have increased rapidly. The amount of deposits in Uttar Pradesh has been one of the highest in India.
In the past five years, there has been an undeniable slump in India’s real estate. This was due to reasons such as after-effects of the recession, inflation, inventory pile-up, etc. However the same has not been majorly felt in India’s two metropolitan cities, Mumbai and Pune. They are two of the most favourable destinations for real-estate in India for multinational companies foraying in the Indian market. Since they require retail or commercial space for setting up their presence in India, the demand for real estate in these cities has been lucrative.
The real estate sector is one of the most recognised sectors of India. It is the second largest employer in the country after agriculture. India’s skylines consists of housing, retail, commercial and hospitality establishments. Around 91 million people shifted in urban areas over the last decade. The 2011 census revealed that the number of towns in the country increased to 2774 from 2532 as compared to the previous year (Ministry of Urban Development 2015). This trend has continued and there is growth in housing demand in order to accommodate the rising population levels. The aim of this article is to present a brief overview of the real estate sector of India and its different growth phase, particularly during the last decade.
As seen in the previous context, announcement of the instituting ‘Islamic banking system’ by the Indian government has garnered nation-wide interest in recent months. The article primarily focusses on the socio-economic development and in promoting egalitarianism or Islamic banking in India. Read more »
This article tries to bring in to limelight the Indian agricultural scenario along with contrasting positive as well as negative changes that it has undergone in the past few years. Introduction of new and improved technology has created new means to look forward in the area of agriculture. On the other hand, the vagaries of Indian weather, especially monsoon has affected the farming population at large. Read more »
Owing to the high rate of Maternal Mortality Rate and Infant Mortality Rate, 392 and 50 respectively in Uttar Pradesh, the Central Government of India launched Aarogyam, a technology based initiative. First to be launched in Uttar Pradesh to curb the mortality rates in 2008, Aarogyam leverage the use of technology for efficient healthcare delivery in the state (Khurana 2014). Read more »