Dynamics of HR System in Service Sector in an Indian Perspective Mr. Ashok Kumar Mishra Research Scholar Dept. of Commerce & Management Ravenshaw University E-mail- firstname.lastname@example.org Mr. Shyamasundar Tripathy Faculty, HRM (MBA) Institute of Professional Studies and Research (IPSAR) Cuttack, Odisha, India E-mail- email@example.com ABSTRACT: Services Sector Growth Rate in India GDP has been very rapid in the last few years. The Service Sector contributes the most to the Indian GDP. The Growth Rate of the Services Sector in India GDP has risen due to several reasons and it has also given a major boost to the Indian economy. The Indian economy is the second fastest major growing economy in the whole world with the growing
Thailand has been developing urban more than rural areas. According to 1960s, The industry makes country rapid economic growth and poverty reduction, but development was not widespread. Then, people who lives in rural areas doesn’t get supported by the government. For example, “Bangkok houses only 10 percent of the population, but it contributes more than 50 percent of Thailand’s GDP. Highlighting the inequality, rural areas have a poverty rate of 13.9 percent compared to 7.7 percent in urban areas.” .
The debt collection period of the Campco Ltd is good when compared to past 4 years. The solvency ratio of the company is not good in the last 5 years, but it has been increased in the previous year by 0.2 times. The average cash to sales ratio is 0.018 times and which indicates that only 18% of sales has been maintained as cash with the business. The cash management techniques of the business is not functioning well in the organization, as its having less amount of cash than the assets of the organization. The operating profit of the Campco Ltd is increased during the year 2013-14 by 1.22% than the previous year 2012-13.
Economic analysis is important in order to understand condition of an economy. The level of economic activity has an impact on investment in many ways. If the economy grows rapidly, the industry can also be expected to show rapid growth and vice versa. The degree of economic growth is directly proportional to the stock price i.e. when the economic activity is high, the stock prices are also high indicating the prosperous outlook for sales and profit of the firm.
There is a strong association between manufacturing GDP and overall GDP and the strength of the relationship appears to be true for emerging economy nations like India. Higher manufacturing growth drives higher total overall GDP. New government major initiative ‘Make in India’ aims to attract manufacturing sector investment resulting in increased development. With the major objective of eliminating bottlenecks such as infrastructure, labour regulation, labour reforms and taxation and empowering India to be the next global manufacturing hub. Keeping the competitors in view, with manufacturing costs rising in China there is a golden opportunity for India to acquire a major share in the global manufacturing
It became a growth model of other countries, economic powers now. The marvelous rate of development Korea has confidence becomes slower and slower. "South Korea seems not being able to continue either its achievement or its strength. During the past 40 years, Korea has shown its annual GDP growth decline from about 10% to 4-5%. Also, business investment has decreased from over 30% of its GDP in the 1990s to 17% in 2010, however, it was just 50% over the OECD average.
Background and Motivation India is a growing economy and the average dispensable income with the consumer is increasing. Also the population of India is expected to grow to about 1.35billion by 2020 making it the most populous country in the world. This has led to increased consumer spending leading to FMCG becoming fourth largest sector in Indian economy. This sector witnessed a growth rate (CAGR) of over 11% in the past decade and is expected to increase at a compound annual growth rate (CAGR) of 14.7 per cent. The various factors that have contributed to the growth of the FMCG sector in India are: Large base of consumer – The exploding population of the country has worked in favor of the growth of the industry.
But worse, STEM university graduates may not work in a field of their expertise, leaving STEM agencies and organizations to hire from a shrinking pool. In 1995, 14 percent of Year 12 secondary school mathematics students studied advanced mathematics, while 37 percent studied elementary mathematics, according to the Australian Mathematical Science Institute. Fifteen years later, in 2010, 10 percent were studying advanced mathematics and 50 percent took the easier option of elementary mathematics. The Australian Mathematical Science Institute revealed that basic mathematics was growing in popularity among secondary students to the detriment of
Likewise, teenagers with no education are about four times more likely to have begun childbearing than those with SLC and higher education (32 percent and 8 percent, respectively). The percentage of teenagers who have begun childbearing is highest (22 percent) in the middle wealth quintile and lowest in the wealthiest households (7 percent). At the national level, the proportion of teenage pregnancies has declined by about 10 percent in the last five years (NDHS, 2011,
INTRODUCTION Due to globalization, consumers have more opportunities than before, that’s why every firm needs to deliver valuable product or service for the market. In a competitive environment, attaining a position of competitive edge and enhancing the firms’ performance are two of the main objectives that every organization should struggle to achieve (Ismail, Rose, Abdullah, &Uli, 2010). In the new era, supply chain management is considering one of the main sources of achieving competitive advantage, which leads higher organizational performance because of its ability to generate value in each activity of supply chain. Tan, (2001) argued that SCM may be described as the value adding activities which are begins from the raw material extractor