India Brand Equity Foundation

Darpan Jain, IAS, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry , said the signs of a rising economy are directly related to its earnings from the service sector. Up to 95 per cent of GDP falls from the service sector of many developing countries. Despite India's headwinds in the industry, it still lags behind, he said on Tuesday at a media interaction here.  The service sector contributes 60 percent to India's GDP and 70 percent to Karnataka 's GDP, according to data from the trade ministry. Some 55 percent of FDIs coming to India come from the service sector, which creates more jobs than any other sector. In the $100 bn healthcare market, where India's share is just around $1 billion, there is tremendous opportunity for India. Per year, more than 1 crore individuals fly globally for healthcare, and out of this, India receives just 2 to 3 lakhs. Along with the Services Export Promotion Council (SEPC) and the Confederation of Indian Industr...

  In the Indian economy, agriculture is a very important field. This is because it offers jobs to nearly half of India's population and contributes to 17% of India's GDP. Several improvements have been noticed in the sector since independence.  India's post-independence focus was on imports of agricultural products. However, the years of drought in 1965 and 1966 prompted the government to concentrate on increasing agricultural production by increasing crop yields per hectare. It is often referred to as a 'green movement' that centered on input changes leading to output change. In the early part of the 1970s, high yielding varieties, as well as better fertilizers and irrigation facilities and a competent science research institution, culminated in increased wheat yields. Rice was the second crop to experience this sort of transition as the production of wheat increased.  There was a crucial position for tube wells in the case of rice. Eventually, the revolt extended...

Indian FY21 GDP growth will inevitably be in a bad territory as the locking of coronaviruses led to severe disruptions in demand and supply, the Chairman N.K Singh of the 15th Finance Commission, said Monday. The country is expected to experience strong V-shaped recovery in the third and fourth quarter  Singh said the economic expansion in 2022-23 will decide whether or not the growth revival efforts are successful and stated that global economic downturn would continue to cloud growth prospects for the next fiscal year. “This pandemic has led to massive economic lockouts that have triggered significant dislocation on both supply and demand sides," said Singh at an AIMA event here.  "Q1 or Q2 would not be strong results, at least, and I think there will be a very fast rebound in V type in Q3 and Q4 of the current fiscal year; not exactly something major, but a smaller one. However, the whole fiscal year will end on a pessimistic direction" he said. The economic growth of...

  GDP growth and jobs are two primary factors that economists must consider while analyzing the economy . There's a strong relationship between the two, and by attempting to research the relationship between economic development and unemployment rate, several analysts have interpreted the debate.  Economist Arthur Okun first began to tackle the debate in the 1960s and since then his thesis on the subject has been known as Okun's law. There are also numerous ways to measure jobs, and the main trial ground for Okun's law was of course the United States. Okun also examined the difference between the economic potential production and the actual real output levels.  The Kansas City report analyzed different iterations of Okun's rule, beginning with his initial quarterly arrangement, a "void edition" that looked at variations between current and future production, and whether the legislation would be kept in a state of full employment or even high unemployment.  It ...