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Showing posts with the label #innovation

Indian Rupee, Economy and its Growth

  Economy is “the state of a country or region in terms of the production and consumption of goods and services and the supply of money” (OR) careful management of available resources. Economy might affect both business and development, the factors that affect economy are might be tax rate, inflation, labour, demand, supply, recession, education, training, law and policies etc… We can improve the economy by reforming tax systems, improving infrastructure, protecting financial sectors etc. To increase the rupee value or Indian currency value, Indian government needs to adopt the following measures: -Increase our export trades by producing higher quantities of Indian goods that are in demand abroad. We also need to start manufacturing or producing new stuff that is in demand abroad. India needs to prepare itself to develop the economy, country, products/goods, services, etc what if every MNC investors leave INDIA? Where will India stands? From past few years, India is still a develop

Privatisation

  The transfer of ownership, property or business from government to private sector is termed as Privatisation. The process in which a publicly-traded company is taken over by a few people (Private Company) is also called privatization. The company gives up the name 'limited' and starts using 'private limited' in its last name. Privatization is considered to bring more efficiency and objectivity to the company, something that a government company is not concerned about. Also, it helps in escalating the performance benchmarks of the industry in general. India went for privatization in the historic reforms budget of 1991 , also known as 'New Economic Policy or LPG policy '. Privatization has a positive impact on the financial growth of the sector which was previously state dominated by way of decreasing the deficits and debts. Privatization will give ample space for creative and innovative thinking as well as systematic and strategic planning to realize the