The overall performance of the Indian manufacturing sector has widespread implications for various aspects of the economy; employment, being one of the chief areas of impact. Since this sector generates large scale employment for low and medium skilled workers, it is imperative to develop features which will create a conducive environment for industries to grow further. The Make in India campaign by the government has given the much needed push to the manufacturing sector. So we can say that India is performing decently and there is huge opportunity for India to grow and increase forex reserve and attract more FDI and FII by expanding its International
However, we have also witnessed lowest growth in fixed-broadband internet penetration among other Asian countries which limits various businesses in Pakistan to compete in the global environment. E-commerce among other IT sectors is on the rise in Pakistan but e-governance is lagging and digitization of government documents may provide an opportunity for growth through improve public accountability and public participation. Among various strengths and opportunities within ICT industry in Pakistan there are some challenges which include rural-urban digital divide which further skews adaptability in different income classes, security situation which may affect spending in ICT among other businesses. This report will focus primarily on investigating ICT contribution to Pakistan’s economy; we would initially go through the introduction of the ICT industry and a global perspective to understand how ICT sector brought economic changes in developed and developing world and what policies have enhanced its benefits to those economies. Next we would be focussing ICT in Pakistani context and its development so far with various policies and initiative that have enhanced its impact and recommendations that might increase its impact in various economic
To assess the impact of tourism Industry on India’s economy and challenges in the development of tourism industry in India vis a vis UNWTO vision 2020. 2. To observe tourism as a growing industry in terms of earning revenue, foreign exchange and providing employment opportunities in India. 3. To determine the share of Indian Tourism Industry vis a vis the rest of the World and especially the Asian and Pacific region.
For attaining a sustained competitive advantage, the industry looks to understand the psyche of the customers, their fashion involvement and the hedonic and utilitarian attitude. The apparel industry in India, like the global apparel industry is growing manifold. Owing to the rapid urbanization and the fast growing population. The Indian apparel fashion products are accepted and appreciated worldwide. TheAII (Apparel Industry in India) has also widely supervised and garnered the growth and plans to expand the Indian apparel industry even more.
Indian IT companies work on the hybrid model of outsourcing 30% of work and rest 70% is done by Indian in-house units. This dependency on the foreign markets, change in the regime in the US modified VISA norms and mandate local hiring are causing little hiccups. Way forward: 1. Change in the Business model Indian IT companies are mostly seen as low-end, low-cost service providers to other companies and businesses. With the advancements of Artificial Intelligence in IT industry, this can be changed by venturing into new business and by expanding our portfolio to create products and technologies by emerging as product based technological companies.
Although it needs special training, most of the people in India are now computer savvy and know how to work on it. The widely use of mobile phones has reduced the distance between world. It has brought together all the countries together and has broken all the boundaries of all the countries. It is now worldly known fact that International trade is the engine of
Since the opening of the Indian Economy for overseas Investments, this became a growing segment in India since 1991.More and more business people have been coming to India for business purpose and adding business with pleasure in their India sojourn. Convention facilities, car rental and thus tourism took a big boost with the growth of this segment. Incentive Tourism Incentive travel has emerged as a popular means of rewarding the employees for special achievements and contributions by several business houses specially Multinational Companies, Insurance Companies, Banks, Pharmaceutical firms, Engineering Houses. The employees are given free tickets or holiday packages to
Till 1990 India stand nowhere in global market but since 1991 India has progressed a lot .Today Indian market is one of the most valuable market. Indian economy is one of the fastest growing major economy of the world. India’s growth rate, at 7.4 per cent in 2014, makes it the fastest growing major economy. India is now a $2-trillion economy and it has added $1-trillion in just seven Years. World Bank has also predicted that within 5 to 7 years Indian economy will be the largest economy of the
I. Introduction Automobile industry globally and in India is one of the key sector to economy. The well-developed Indian automotive industry produces a wide variety of vehicles, passenger cars, light medium and heavy commercial vehicle multi utility vehicles such as jeeps, scooters, motorcycle, mopeds, three wheelers, tractors and other agricultural equipment etc. India is emerging as one of the world’s fastest growing passenger car markets and second largest two-wheeler manufacturer. It is also home to the largest motorcycle manufacturer and the fifth largest commercial vehicle manufacturer.