Economical Factors • Over the years, the automobile industry has been increasing the price of the cars due to inflation. There have been infrastructural developments in the industry and prices have been increasing as the customers want new cars whether the price of petrol increases or not, customers will look for new cars in the market. The new cars are more fuel efficient which attracts the customers. This was one of the reason for customers to buy Skoda. • The automobile industry is very much concerned with the country’s economy.
.3.3 Inflation Rate The inflation rate used as an indicator in measuring the stability of economic condition for a particular country (Rashid et al., 2011). In financial theory, inflation rate reflected by consumer price index (CPI) represents all the price of goods and services will go up and it need to take more money to buy the same items. Moreover, high inflation is likely cause a great impact on economic activities of a particular country because it reduces the purchasing power of domestic consumers and it would lead to currency value decline. The previous researchers believe that the inflation rate will influence the stock market return. There are many empirical studies establish that the inflation rate has an impact on stock market
This money is being spent by the people in buying the mid-size car. 2) Various loan schemes have been launched by the automobile manufacturers and financial institutions giving a boost to the market of mid-size car in India. 3) The government in relation to the automobile industry have taken out various policies such as reducing the import tariffs and also relaxing the equity regulations. This has led to the reduction in the prices of the mid-size cars. 4) The youth in the country are earning high pay packages due to the IT boom in the country.
COMPETITIVENESS IN THE AUTOMOBILE INDUSTRY: A CASE STUDY ON INDIAN FIRMS MICROECONOMICS RESEARCH PAPER BY: Ishang Sinha Jethina James Monica Chatterjee Sujita Kundlaskar Contents • ABSTRACT • INTRODUCTION • LITERATURE REVIEW AND OVERVIEWOF THE INDIAN AUTOMOBILE INDUSTRY • METHODOLOGY • RESULTS • CONCLUSION ABSTRACT Indian Automobile industries has grown rapidly post 2000 despite the fact of opening up of the economy in early 1990’s giving the much awaited momentum. There has been increase in the competition among firms in the industry because of the changing economic conditions in the foreign direct investment and the financial sector, increase in the number
Although future predictions regarding the evolvement of the e-commerce were highly exagerated (Wrigley et al., 2002), sales have increased drastically since the mid-1990s of the 20th century. However, total retail sales in developed as well as developing countries is a small portion as compared to retail sales. Judging from the current trends there is a inherent rise in business-to-consumer (b2c) e-commerce, to consumer-to-consumer (c2c) e-commerce. The growth of the c2c e-commerce has given opportuninty to many budding enterpreneurs. Although e-commerce has opened many paths and innovative alternatives there are still problem
Information Technology Industry Analysis Report Subject : Corporate Strategy Submitted to : Prof. Mr. Sathish Submitted by Jenani C Lalithprasad(12MB10) Information Technology Industry Profile Information Technology industry was one of the significant reason that bought Indian economy into the limelight of the global attention. For almost a decade, boom or fall of IT industry had an adverse effect on our economy. Information Technology had provided the employment opportunity and also improved the standard of living across the country (directly or indirectly). Of course, the political policies, policy
The products under fast fashion are stylish, low on cost and clearly mirror the wants of the young population. According to European financial review, 2015, the concept of fast fashion has come up after the globalisation period, followed by the changes in the Indian consumer. People are getting influenced and buying more and more and thereby leaving the last season fashion in dumps. This has led to overconsumption and over dumping of products (Fletcher 2008). Textile and apparel trade is also projected to grow from US$ 805 to billion in 2015, this will make, apparel sector grow even more fast (technopak).
The container market is the closet to the consumers and by its nature the demand is strongly driven by the GDP developments in the world. The developing economies of Brazil, Russia, India, China and South Africa will play a very important role in shipping industry. Looking ahead, some analysts are predicting that the value of world merchandise trade will more than double between 2010 and 2020 and that China’s exports to Europe will be valued at almost twice those of the United States’ exports to Europe (Ernst and Young, 2011). They are also expecting that intraregional Asian trade will grow rapidly to reach $5 trillion and that Europe’s exports to Africa and Western Asia will be around 50 per cent larger than its exports to the United States. In terms of sectoral contribution, trade in machinery, transport equipment, consumer electric products (for example, computers, televisions and washing machines) and industrial goods are expected to make the largest contribution to global merchandise trade over the next ten years (Ernst and Young, 2011).
But offline stores need to be innovated, and be more suitable for today’s consumers. They need to solve the problem of cost and their price. Many offline stores are obsolete because of these reasons. On the contrary, although online shopping is not perfect now, it is still more in line with the consumption view of modern people, and it becomes more and more mature. Despite these two shopping ways are both beneficial for the economy of society, online shopping shows more potential economic vitality waiting to be