The preamble of Indian Constitution declares India as sovereign, socialist, secular and democratic republic and importantly promises social, economic and political justice. Therefore, India is constitutionally a modern social democratic state with a strong emphasis given to ‘socialistic pattern of development’ (Basu, 1994). The Directive Principles of State Policy delineated in part IV of the Indian constitution upholds the notion of an active welfare state which could intervene in the social, religious, and cultural affairs of the country in order to ensure progress. Indian federalism is of a mixed type in which states and the centre effectively wield power distinct areas. However, the centre has supreme power in many areas including the power to dismiss the elected governments at the state level in terms of article 356. For Basu (1994), although the federal system is the basic structure of the government of the country, a strong mixture of unitary bias is apparent. The Panchayati Raj system is a unique characteristic of Indian polity. Kashyap (2002) is the view that “the seventy-third and seventy-fourth constitutional amendments have made some fundamental changes in our political structure and in the status of local institutions”. Thereafter, governance has been considerably decentralised through panchayats and other institutions of local governance. Although India has a strong economy and an young, vibrant work force, it is still long behind in terms of human development. Health remains an unresolved issue, over half of the children in the country are malnourished. One third of the population still faces chronic hunger. Majority of the population lives with less than a dollar per day. In literacy rate, India is even behind some of the poverty-ridden sub-Saharan countries. And, the gender and regional gap in terms of
This paper intends to introduce briefly the internal and external realities of contemporary India and its strengths and prospects vis-à-vis the rest of the world. The paper examines a variety of interrelated but distinct factors such as its social and economic indicators, trade and markets…
Emerging Markets and Developed Economies Investing in Each Other’s Home
Developed economies have also taken advantage of these potentials so as to involve in trade hence foreign direct trade. There are well known countries who have taken center stage in this investment mechanism by inverting in each other’s home through direct foreign investment.
‘Emerging market’-The challenges and opportunities investing in China.
The global market today has undergone a lot of changes. Amongst these changes are inclusive of the emerging markets in the globe, and their contribution towards foreign investment in the market.
Advertising, which is currently used in marketing, has had changes and it has become free with only advertisers trying to come up with strategies to stay on top of the competition. Marketing has to be considered by the companies selling products or services because consumers or customers have become scarce resources.
According to the World Tourism barometer, the tourism industry has been changing rapidly in the international markets and changes in the trends of the customers in the tourism markets are likely to produce to positive results of tourism in near future. The activities of the tourism have been a huge source for the economic growth of the emerging markets.
Many emerging firms try to compete to generate a competitive advantage and become the leader in the industry where they belong. This is a common trend today and new entrants challenge old, existing and leading firms so that they can establish a remarkable market share.
Out of these 28 emerging nations, India and China head the list (Li, 2008). Apart from the growth in their economies, these economies have also experienced transition from agrarian to service economies and not only their economies but their culture is also getting exposure throughout the world.
The survival and success of an organization thus depends on two set of factors viz. the internal factors/ environment and the external factors/external environment. Any meaningful organization has certain mission, objective(s) and goals (s) and a strategy to achieve them.
The new economy is composed of a series of interactive forces that comprise trade liberalisation and globalisation1. Where trade liberalisation has heightened economic integration, globalisation has melted national limitations. Trade
This essay primarily focuses on the analysis of the macroeconomic statistic in China, as an emerging economy, from the year 2004 to 2013. Recent economic trends in Chinese economy are evaluated. An emerging market economy can be defined as that market economy which is growing from a small economy towards the level of advanced world economies.
The focus of this essay is on the analysis of the macroeconomic statistics in India, as an emerging market economy, from the year 2004 to 2013. Economic trends in Indian economy are assessed. India is deemed a fast and strongly growing emerging market that offers great opportunity for business entities, that are looking to operate in the country.
11 pages (2750 words)Essay
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