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 ...

  If you have heard about the currentdevelopments in nutrition , the notion of a diet detox may have been exciting.   Yet if you've tried juicing, exercising, or cooking in an attempt to reduce weight or boost your well-being, you're already aware that reducing calories dramatically as a long-term lifestyle solution to healthier eating isn't efficient. Strict detoxification may potentially cause symptoms like tiredness, dizziness, and low blood sugar.   Yet according to some researchers, there's one type of natural detox that is worthwhile. Reducing your dietary sugar will help you lose pounds, boost your wellbeing, and even turn your skin look radiant.   "Sugar makes you obese, unhealthy and tired," said Brooke Alpert, a licensed dietitian and co-author of "The Sugar Detox: Drop the Sugar, Drop the Weight — Look and Sound Amazing." "What we've learned in the past few years is that sugar holds us overweight. It's also a leading c...

  India's capacity to generate wind energy dropped by a whopping 43 per cent in July, unexpectedly taking the industry as the monsoon months are the best for generation every year, official data shows.   Overall generation of renewable energy is 24 per cent lower than last year's July. Provisional capacity to produce renewable energy is 12.242 million units (MU) in July, down from 16.177 MU in 2019. Wind saw the largest decrease, from MU 11,343 last year to MU 6,490 in 2020.   Total power generation also dropped year-on-year between April and July, from 52.421 MU in 2019 to 50.550 MU in 2020, according to the Central Electricity Authority (CEA) results.   According to industry figures, the monsoon months between June and September are the chief wind power generation months, providing almost 85% of annual production. This period is much shorter at around 120 days than that of solar, which usually remains active for at least 280 days in a year.   Industry...

  Rising oil prices are a modern phenomenon that is witnessed globally. There are nations around the globe that are reeling under the increased cost of crude oil and are looking for ways to finance their growing power needs.  A rise in crude oil prices has a profound impact on any nation's economy. Businesses constantly look for ways to curtail the high cost by offsetting fuel-intensive activities or by driving the cost of services higher. The airline industry is a prime example of this effect. Other businesses too have different reactions but there are a few sectors that benefit immensely from this rise in crude oil prices. When oil prices march up, there are numerous sectors which thrive.  High oil fuel prices have varying effects on different sectors; manufacturers are looking for ways to produce more of the commodity and benefit from those higher prices.  For oil, instead, that means opportunities for companies involved in exploration (for example, seis...