Indian Economy

2000

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any system, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright holder.

Towards the end of 2008 the effects of global recession started getting reflected in international trade. The fall in global demand and the slowing-down in economic growth translated into a substantial reduction in international trade. It affected the cross-border trade of virtually all countries and economic sectors. Indian exports trade could not remain unaffected in a situation where external demand was dwindling globally. The present paper reviews India’s export performance during and following the global financial crisis. Indian exports started to decline in July 2008. It declined from US$ 17,095 million in July 2008 to US$ 11,516 million in March 2009, which accounts for almost 33 per cent decline. This growth contraction has come after a robust 25 per cent-plus average export growth since 2003. But, as a result of government policy measures and recovery in global economy, India’s exports growth turned positive and exports grew by a whopping 54.1 per cent in March 2010 and recorded the highest growth rate among the world’s top 70 economies in merchandise exports. India’s merchandise exports during April 2010 at US$ 16.9 billion recorded a growth of 36.3 per cent as compared with a decline of 32.8 per cent registered in April 2009. Exports witnessed huge annualized growth of 56.9 per cent to $25.9 billion in May 2011 in a bright spot for the Indian economy, which is battling high inflation amid signs of a slowdown. Keywords: Global Financial Crisis, Trade, Exports, Policy, India.

Financial Services are defined as a bundle of intangible utilities aimed at satisfying the needs of users. Financial Services bridges the gap between savers and those who need funds. The service sector in India has been witnessing a boom in recent times. In addition to the strong growth in ITES, the Indian financial services sector is considered to be stable and progressive, and has been a major beneficiary of India's growth story. The growing attractiveness of the financial services has triggered the entry of global majors. Aggressive plans of incumbents coupled with the entry of new players are expected to further drive the growth of sector. Liberalization, privatization and Globalization have further strengthened the financial services in India. The Financial Services sector in India has emerged as a mature and sophisticated system which is inherently strong, functionally diverse and displays efficiency and flexibility. This is a sector which is further expected to witness increasing consolidation, sophistication and maturity in future. As compared to other developed markets, the Indian financial services sector is largely under penetrated with a huge potential for growth keeping in consideration government thrust on liberalization on one side and rising income, increasing awareness of financial products, strong equity market growth on the other. Indian Financial Services sector provides very promising investment for global investors. The current paper is aimed to study India's trade in financial services from the year 2000-2010. An attempt will be made to present the trade patterns in financial services in the said decadal period with the help of the statistical methods like CAGR(compound annual growth rate).The current paper is aimed to study India's trade in financial services from the year 2000-2010.An attempt will be made to present the trade patterns in financial services in the said decadal period with the help of the statistical methods like CAGR(Compound Annual Growth Rate).

The Determinants of Economic Growth in Ethiopia: A Time Series Analysis Tewodros Gebru Addis Ababa University, 2015 The main objective of this study is to investigate the determinants of economic growth in Ethiopia during the period 1974-2013. The Autoregressive Distributed Lag (ARDL) Approach to Co-integration and Error Correction Model are applied in order to investigate the long-run and short run relationship between the dependent variable (real GDP) and its determinants. The finding of the Bounds test shows that there is a stable long run relationship between real GDP, Physical capital, human capital, export, aid, external debt and inflation. The empirical results reveal that both physical capital and human capital are found to have positive impact on economic growth while debt affects economic growth negatively and statically significant at 1 percent. However, the study found out that export of goods and service, foreign aid and inflation have statistically insignificant impact on economic growth in the long run. This study has also an important policy implication. The findings of this study imply that economic growth can be improved significantly when the physical capital and human capital increases.

2015

In this paper we seek to identify a group of countries which have made a quick transition from a LIC-MIC status thanks to high-growth episodes, examining the performance of different economic sectors and focusing in particular on their exports. We look at countries which started from a level of low and middle income economies in the post-second world war period and which have experienced rapid growth episodes (with an average GDP growth rate of at least 7% for at least 20 years). The final objective would be to identify a subset whose high growth episodes, and in particular exports, were clearly linked with export of hard commodities or agricultural products and not with export of manufacturing industries. Applying a vector error correction model (VECM) we are able to estimate the long-run relationship between sectoral exports and the sustained high growth episodes, identifying in each country in the sample those export sectors which were correlated with the higher sustained GDP per capita growth.

Zeitschrift für Altorientalische und Biblische Rechtsgeschichte (ZAR 30), 2024

Kritische Anmerkungen zu einer Studie von Amrei Koch zur Autoritätsbegründung im biblischen Recht des Bundesbuches; to be publ. in: Zeitschrift für Altorientalische und Biblische Rechtsgeschichte 30, 2024. Die Verf.in stellt sich darin die Frage, wie Recht im Pentateuch generell autorisiert und legitimiert wurde und welches "Weltbild" die Normativität des biblischen Rechts gestützt habe. Als Ergebnis eines den Auftakt bildenden Resümees der Forschungsgeschichte, in der die Verf.in zwischen Forschungsarbeiten zu Gattungen in biblischer Rechtsgeschichte beginnend mit A. Alt 2 , ihren Begründungsklauseln beginnend mit B. Gemser 3 , der Korrelierung von Recht und Erzählung beginnend mit D. Daube 4 und Forschungen zum Bundesbuch mit der These der Theologisierung beginnend mit dem Rezensenten 5 differenziert, kommt die Verf.in zu dem Ergebnis, dass der gottesrechtliche Bezug hervorstechend aber nicht einzig prägend für die Begründung der jeweiligen Rechtssätze sei, vielmehr den Rechtssätzen vielfältige Begründungen nicht nur in Begründungsklauseln, sondern auch durch die Verflechtungen der Gesetze mit Paränesen und Erzählungen eingeschrieben worden seien, wobei zwischen Rechtssatz und Erzählung eine sinntragende Verbindung zu unterstellen sei, die von der Verf.in als Anlass genommen wird, die literarische Analyse von Rechtstexten im Masoretischen Text des Pentateuchs auf eine Methodik synchroner Lesart zu begrenzen. Damit will die Verf.in auch "weitreichende forschungsgeschichtlich geprägte Prämissen" von der rechtshistorischen Analyse biblischen Rechts fernhalten. In der Konsequenz werden Aspekte der literatur-und