Implications of Labour Laws in the Indian Economy on Employment Generation and Economic Growth

2020 ◽  
Author(s):  
Shivani Sen
Keyword(s):  
Economic Growth ◽  
Indian Economy ◽  
Employment Generation

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

scholarly journals An econometric analysis of the effectiveness of fiscal and monetary policies in India

2021 ◽  
Author(s):  
Anand Nadar
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Fiscal Policy ◽  
Money Supply ◽  
Series Data ◽  
Monetary Policies ◽  
Indian Economy ◽  
Long Run ◽  
Short Run ◽  
Bound Test

This study investigatesthe effectiveness of fiscal policy and monetary policy in India. We collected thetime series data for India ranging from 1960 to 2019 from World Development Indicator (WDI). Weapplied the bound test co-integration approach to check the long-run relationship between fiscalpolicy, monetary policy, and economic growth in the context of Indian economy. The short-run andlong-run effects of fiscal policy and monetary policy have been estimated using ARDL models. Theresults showed that there is a long-run relationship between fiscal and monetary policies witheconomic growth. The estimated short-run coefficients indicated that a few immediate short runimpacts of fiscal and monetary policies are insignificant. However, the short-run impacts becomesignificant as time passes. The long-run results suggested that the long-run impact of both fiscal andmonetary policies on economic growth are positive and significant. More specifically, the GDP levelincreases if the money supply and government expenditure increase (Expansionary fiscal andmonetary policies). On the other hand, the GDP level decreasesif the money supply and governmentexpenditure decrease (contractionary fiscal and monetary policies). Therefore, this studyrecommends to use expansionary policies to spur the Indian economy.

Is Entrepreneurship Education Key to All Entrepreneurial Initiatives?

2021 ◽  
pp. 45-63
Author(s):  
Joana Costa
Keyword(s):  
Economic Growth ◽  
Entrepreneurship Education ◽  
Individual Characteristics ◽  
Entrepreneurial Activity ◽  
The Core ◽  
Knowledge Based ◽  
The World ◽  
Employment Generation ◽  
Different Cultures

Entrepreneurship is a worldwide reality. Since the beginning of times and all around the world people have created businesses. Entrepreneurial orientation, from a macroeconomic perspective, allows income and employment generation, thus boosting growth. At the microeconomic level, it is a competition booster playing a central role in a globalized market. In this entrepreneurial ecosystem in which knowledge-based activity is the core booster of employment, economic growth, and competitiveness, universities and, in particular, entrepreneurial universities play either the role of knowledge production and dissemination. The present work aims to understand the role of education (formal and entrepreneurship) on entrepreneurial activity combined with heterogeneous individual characteristics and different cultures and geographies. Specifically, the study identifies substitution and complementary effects among both types of education according to individual taxonomies.

The impact of financial development, economic growth and energy consumption on environmental degradation

2015 ◽  
Vol 26 (5) ◽  
pp. 666-682 ◽  
Author(s):  
Madhu Sehrawat ◽  
A K Giri ◽  
Geetilaxmi Mohapatra
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Environmental Degradation ◽  
Series Data ◽  
Development Economic ◽  
Content Type ◽  
Indian Economy ◽  
Long Run ◽  
The Impact

Purpose – The purpose of this paper is to investigate the impact of financial development, economic growth and energy consumption on environment degradation for Indian economy by using the time series data for the period 1971-2011. Design/methodology/approach – The stationary properties of the variables are checked by ADF, DF-GLS, PP and Ng-Perron unit root tests. The long-run relationship is examined by implementing the Autoregressive Distributed Lag bounds testing approach to co-integration and error correction method (ECM) is applied to examine the short-run dynamics. The direction of the causality is checked by VECM framework and variance decomposition is used to predict exogenous shocks of the variables. Findings – The empirical evidence confirms the existence of long-run relationship among the variables. Financial development appears to increase environmental degradation in India. The main contributors to environmental degradation are: economic growth, energy consumption financial development and urbanization. The results also lend support to the existence of environmental Kuznets curves for Indian economy. Research limitations/implications – The present study suggests that environmental degradation can be reduced at the cost of economic growth or energy efficient technologies should be encouraged to enhance the domestic product with the help of financial sector by improving environmental friendly technologies from advanced economies. Originality/value – This paper proposes to make a contribution to the existing literature through examining the relationship between financial development and environmental degradation in Indian economy during 1971-2011 by employing modern econometric techniques.

scholarly journals The Role of Small and Medium Enterprises (SMEs) in Employment Generation and Economic Growth: A Study of Marble Industry in Emerging Economy

2019 ◽  
Vol 10 (6) ◽  
pp. 174
Author(s):  
Lara Al-Haddad ◽  
Muhammad Safdar Sial ◽  
Imdad Ali ◽  
Rahmat Alam ◽  
Nguyen Vinh Khuong ◽  
...  
Keyword(s):  
Economic Growth ◽  
Positive Relationship ◽  
Small And Medium Enterprises ◽  
Income Level ◽  
Vital Role ◽  
Employment Opportunities ◽  
Policy Frameworks ◽  
Employment Generation ◽  
Medium Enterprises

This study is undertaken to find out how SMEs contribute to the economy in terms of employment generation and its impact on the economic growth of the country. Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. In Pakistan efforts have been made by successive governments to increase employment opportunities, reduce poverty and accelerate economic growth by increasing foreign direct investment, diversifying the economy, enacting policy frameworks which favor small business ownership and entrepreneurship programs. Specifically, this study tends to figure out: how SMEs contribute to employment generation, whether a significant number of people is employ within the SME sector; whether the SMEs increase the income level of people. The total number of employees was 255 being selected randomly from Swat marble industries. A questionnaire was constructed and distributed to the selected respondents. The responses were collected and analyzed using the Statistical Package for Social Sciences (SPSS) analytical tool. The study exposes that SMEs play a vital role in employment generation. There is a positive relationship between SMEs and unemployment reduction. The result also shows that there is a positive relationship between SMEs and increase in income level. This study may be beneficial both for practitioners and academicians. For practitioners, the current study may help to devise policies and strategies concerning SMEs to generate employment opportunities. The current study may lead to the generalizability of existing research in the same field as for academic aspect is a concern.

Survey on Reuse of Sewage in Agriculture

2020 ◽  
pp. 53-55
Author(s):  
Santha Sheela K ◽  
Deepan Chakravarthi
Keyword(s):  
Economic Growth ◽  
Real Estate ◽  
Indian Population ◽  
Sewage Water ◽  
Rain Water ◽  
Recycling Process ◽  
The Real ◽  
The Real Estate ◽  
Indian Economy ◽  
Real Estate Brokers

Agriculture, the backbone of Indian economy, contributes to the overall economic growth of the country and determines the standard of life for more than 50% of the Indian population but now the situation is changing. For money the farmers are selling the lands to the real estate brokers, in this situation we cannot blame farmers because for their survival it has been done. No water for doing agriculture, so to avoid such situations alter for rain water should be found. Sewage water can be recycled and it is rich in nitrogen it can be alter for rain water in the field of agriculture. First sewage water can be collected and then recycling process can done and with proper pipelining it can be linked either with the dam or other ways.

EXPORT, ECONOMIC GROWTH AND CAUSALITY – A CASE FOR INDIA.

2013 ◽  
Vol 9 (1) ◽  
pp. 21-28
Author(s):  
Shamurailatpam Sofia Devi
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Growth Process ◽  
Economic Reforms ◽  
The Real ◽  
Indian Economy ◽  
Goods And Services ◽  
Real Gdp ◽  
Main Emphasis

This paper examines the causal relationship between the real GDP and the total export of goods and services produced in India during the period 1990-91 to 2011-12. The main emphasis is to substantiate the importance of exports in the growth process of Indian economy after the economic reforms taken up in the early part of the 90s’ In other words, the study is to see the validity of economic strategy of export-led growth in case of India. The empirical findings of the study indicated that there is a bi-directional causality between GDP and export of the economy. And the hypothesis that export-led-growth is valid in case of the Indian economy for the period under study.

Indian Female Entrepreneurs as Catalysts for Economic Growth and Development

2007 ◽  
Vol 8 (2) ◽  
pp. 139-147 ◽  
Author(s):  
Piyali Ghosh ◽  
Reena Cheruvalath
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Current Status ◽  
Female Entrepreneurship ◽  
Female Entrepreneurs ◽  
Economic Growth And Development ◽  
Proper Training ◽  
Employment Generation ◽  
The Many ◽  
Cultural Constraints

Female entrepreneurs are increasingly being considered to be an important catalyst for economic growth and development in India, as they are contributing substantially to employment generation, and, as such, female entrepreneurship has become an area of research interest over the past few years. This paper furthers this research by making a theoretical study of the current status of female entrepreneurs in the country. It discusses the many challenges they face, focusing on their level of education and socio-cultural constraints. It also suggests some solutions to overcome such barriers. These include giving them proper training, developing an entrepreneurial attitude in them, ‘attributional augmenting’, understanding their entrepreneurial motivation, and, most importantly, removing the discriminating social customs imposed on them.

scholarly journals Assessment of Global COVID-19 on SMEs

2022 ◽  
Vol 12 (1) ◽  
pp. 1-15
Author(s):  
Tomisin James Aruleba ◽  
Oluwasogo S. Adediran
Keyword(s):  
Economic Growth ◽  
Adverse Effect ◽  
Survey Research ◽  
Research Design ◽  
Sampling Technique ◽  
Production Processes ◽  
Employment Generation ◽  
Nigerian Government ◽  
Spss Software ◽  
Descriptive Survey

The purpose of study is the assessment of global Covid-19 on small and medium scale enterprises (SMEs) with the case of Technological Incubation Centre (TIC), Ibadan. Three research objectives were raised. A descriptive survey research design was used. The population of the study is 29 (twenty-nine). Total Census survey was adopted as the sampling technique. SPSS software 20 analysis was used to analyze the data. The study concluded that, there has been increase in all the inputs needed for the production processes at the Centre. Therefore, sales of goods at the period of the Covid-19 have been negatively affected, which has similarly impacted on employment generation. It’s recommended that the management of the TIC should assist the businesses to mitigate the adverse effect of the Covid-19; while the Nigerian government should consider the SMEs as an important sub-sector that could restore the economy to the period of better economic growth.

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