• Title/Summary/Keyword: Indian economy

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Doing Business in India: The Lotte Mart Case

  • Kim, Yong June;Lee, Joon Hwan
    • Asia Marketing Journal
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    • v.11 no.2
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    • pp.21-35
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    • 2009
  • In December 5, 2006, "The Economic Times", India's the most famous economy daily newspaper, reported Korea Lotte Mart is planning to enter into India's market. Lotte group, marking number 7th in Korea's list of conglomerates, established VRIC(Vietnam, Russia, India, China)'s strategy. This strategy is targeted to enter into emerging markets such as Vietnam, Russia, India, China and etc. As of 2007, Lotte Group aggressively is placing its subsidiaries such as Lotte Department Store in Russia and China, Lotte Mart in Vietnam and China and Lotte Confectionery in China and India, into emerging markets. From this case, Based on the assumption of Lotte Mart's India market entry scenario, this study considers various decision-making factors such as market attractiveness evaluation, timing of entry, entry mode, location, scale, positioning, operation strategy, and others, while developing an overseas market entry strategy. This case study also provides India's distribution market environment that Korean companies can utilize when entering into the Indian market in the near future.

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Future of Organised Retailing in India - The Critical HR Issues

  • Nandi, Subrata Kumar
    • Asia-Pacific Journal of Business
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    • v.4 no.2
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    • pp.1-10
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    • 2013
  • According to the Global Retail Development Index (GRDI) published by A.T. Kearney (2012), India is the $5^{th}$ most attractive retail destination in the world. The retail industry in India has been largely fragmented with small businesses dominating the retail landscape, with very few large players having multiple retail outlets. However, in the last few years, the industry has witnessed a significant growth in the number of large retailers having a chain of outlets across the country. This growth in the organised retail sector has driven primarily by large Indian retail organisations and conglomerates. With the government reducing the restrictions on foreign participation in Indian retail business by increasing the FDI cap on both single and multi-brand retail outlets, the industry is likely to see an explosive growth in the organised retail sector which accounts for only 8 percent of the total industry. With more foreign retailers poised to enter into the country, one of the key issues that the industry may face is finding the right quality of manpower. Literature suggests that in an industry which is characterised by players offering similar kinds of product assortments at similar price levels, success would be governed by the quality of service, which entails employees having the right skills and attitudes for offering quality service. Therefore, the two key issues that may be of importance for retailers are levels of skills and the motivation of the employees. However, according to the National Skill Development Corporation (NSDC, 2009), a significant skill gap exists in the industry, which may widen further in the years ahead, leading to greater challenges for organisations. This paper highlights some of the challenges and issues which characterise the industry in India, and suggests how companies could look at these challenges and seek ways to overcome these challenges.

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Developing Green Bank Operation In India And Vietnam: Comparison And Evaluation

  • DANG, Thuy T.;NGUYEN, Trang Thu
    • Asian Journal of Business Environment
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    • v.11 no.3
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    • pp.33-43
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    • 2021
  • Purpose: The purpose of the paper is to assess the greening of investment flows as well as the orientation of financial sources of effective environmental protection. Both India and Vietnam are considered to be two Asian countries that are radically affected by global climate change. Governments of the two countries have implimented numerous measures against environmental pollution through the banking and finance sector. Developing green banking operations in India and Vietnam is a new direction in the socio-economic development strategy coupled with effective environmental protection. Research design, data and methodology: The data was mainly based on Asia Development Bank Institution (ADBI) and Bank of India (BOI) from 2015 - 2018. This paper focused on comparing and evaluating the development of green banks between the two countries. Result: The banks' contribution to green growth and green economy is shown in two basic aspects: (i) the connection between organizations, and individuals, and management process for investment projects, including environmental risks; and (ii) the operation of banks has a direct impact on the environment, through the application of technology to pay documents and apply e-banking. Conclusion: Paper reflects, compares and evaluates green banking operations in India and Vietnam to provide new directions aiming to develop financial and economic system along with effective and efficient step toward climate change control. India's green banking operations, after a specific assessment, will be lessons for the Government of Vietnam during the process of socio-economic development and environmental protection.

Yield Gap Analysis of Mulberry Sericulture in Northwest India

  • Bhatia, Narendra Kumar;Yousuf, Mohammad;Nautiyal, Raman
    • International Journal of Industrial Entomology and Biomaterials
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    • v.27 no.1
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    • pp.131-141
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    • 2013
  • At the interface of reducing agricultural income and increasing unemployment in agrarian economy of rural India, this article summarizes and evaluates the state of mulberry sericulture in northwest India, which includes Himachal Pradesh, Punjab, Rajasthan, Uttarakhand, and Uttar Pradesh. In $11^{th}$ plan period (2007-2012), there was an addition of 6 196 ha (217.09 %) of mulberry acreage at annual linier growth rate of 33.44%. However, total silk production could increase only by 54.64 MT (78.57%) at annual linier growth rate of 15.59 %, due to 43.93% (10.82 kg/ha) reduction in silk productivity at negative growth rate of -13.46%, annually. And now, average raw silk productivity in north-western states of India remains at 13.81 kg/ha, which is lower by 452.93 % (76.36 kg) in comparison to the national average of 100.90 kg/ha. Paper summaries the reasons for increasing cocoon yield gap at farmer's level and discuss the ways and means to increase raw silk productivity to improve the livelihood delivery of mulberry sericulture in northwest India.

China's Ascent in World Trade and Associated Shift in Its Trade Structure

  • Rao, D. Tripati;Pathak, Ravi
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.3
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    • pp.39-55
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    • 2016
  • The rapid expansion of China's trade surplus since the mid-eighties and picking up until the onset of 2008-09 global financial crisis has been a key development in the world economy. While growing trade surplus of China has been viewed with cynicism borne out of an undervalued Yuan and for having being a member of WTO since 2001, many others argue that China's trade surplus reflect changes in China's economic and trade structure and associated shifts in its role within regional and global production chains. We address this issue by analyzing: (i) China's growing and changing trade structure as well as changing structure of trade surplus with the rest of the world, USA, Europe, Japan and rest of Asia, (ii) China's revealed comparative advantage (RCA) with the rest of the world, and (iii) how China's trade policies resulted into a shift in China's trade structure. We find that, not only China has made significant inroads in the world trade since its admission to WTO, but also there has been a noticeable shift in China's trade structure with specialization in high-end technology industries wherein China's exports aided by a well calibrated FDI policy.

Does Technological Progress, Trade, or Financial Globalization Stimulate Income Inequality in India?

  • GIRI, Arun Kumar;PANDEY, Rajan;MOHAPATRA, Geetilaxmi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.111-122
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    • 2021
  • The main purpose of the present research is to analyze the effects of trade, financial globalization, and technological progress on income inequality in the Indian economy over the period from 1982 to 2018. For this purpose, the study uses economic growth, financial globalization, trade openness, technological development, and economic inequality variables with appropriate proxies. The study employs the Auto Regressive Distributed Lag (ARDL) approach to co-integration and VECM based Granger causality approach to estimate both the short-run and long-run relationship and causality among variables. Using the ARDL bounds test, the study finds a long-run co-integrating relationship existing among the variables in the model. The study confirms the existence of a positive and significant impact of technological progress on income inequality. Further, globalization's limited impact reflects two offsetting tendencies; trade globalization is associated with a reduction in income inequality, while financial globalization is related to an increase in inequality. The results of VECM based Granger causality approach further confirm that technological progress, trade, and financial globalization causes income inequality both directly and indirectly through economic growth and inflation. In case of India, the results of this research can significantly facilitate stakeholders and policymakers in devising policies towards effective globalization and technological innovation for inclusive growth.

Crop Yield and Crop Production Predictions using Machine Learning

  • Divya Goel;Payal Gulati
    • International Journal of Computer Science & Network Security
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    • v.23 no.9
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    • pp.17-28
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    • 2023
  • Today Agriculture segment is a significant supporter of Indian economy as it represents 18% of India's Gross Domestic Product (GDP) and it gives work to half of the nation's work power. Farming segment are required to satisfy the expanding need of food because of increasing populace. Therefore, to cater the ever-increasing needs of people of nation yield prediction is done at prior. The farmers are also benefited from yield prediction as it will assist the farmers to predict the yield of crop prior to cultivating. There are various parameters that affect the yield of crop like rainfall, temperature, fertilizers, ph level and other atmospheric conditions. Thus, considering these factors the yield of crop is thus hard to predict and becomes a challenging task. Thus, motivated this work as in this work dataset of different states producing different crops in different seasons is prepared; which was further pre-processed and there after machine learning techniques Gradient Boosting Regressor, Random Forest Regressor, Decision Tree Regressor, Ridge Regression, Polynomial Regression, Linear Regression are applied and their results are compared using python programming.

A Study on the Service Philosophy of Major Eastern World Ideology (동양 주류사상의 서비스철학성 고찰)

  • Kim, Hyunsoo
    • Journal of Service Research and Studies
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    • v.9 no.2
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    • pp.1-15
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    • 2019
  • This study analyzed the service philosophy of Eastern mainstream thought in order to establish a service philosophy. Following a prior study the "study of the service philosophy of major korean ideology", we explored the service philosophy of the Eastern mainstream ideology of China and India and it's coherence. The existing basic structure and operational model of service philosophy were presented in depth and the service philosophy of Oriental mainstream thought was derived. The philosophy of service can be presented as an idea of the structure of the service and as an idea of the operation of the service. It suggested compatibility of the service philosophy of Asian mainstream ideas, and analyzed them mainly in China and India. Indian ideas revolved around the ancient philosophy of Veda, Upanishads philosophy, and representative Buddhist philosophy. It also showed that a major trend of mainstream ideas in China and India was found to be compatible with the service philosophy. Follow-up studies are needed to further refine the structure of service philosophy and develop the principles of operation into larger ideas in the future, and a study of conformity of service philosophy in representative Western ideas, focusing on Greek, Roman, and German philosophy, is also required. Ultimately, it is necessary to establish a service philosophy as an ideological base that drives future economic and social development.

The Influence of Arabic Mathematics on the Modern Mathematics (아라비아 수학이 근세 수학 발전에 미친 영향)

  • 정지호
    • Journal for History of Mathematics
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    • v.2 no.1
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    • pp.9-27
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    • 1985
  • Islam toot a great interest in the utility sciences such as mathematics and astronomy as it needed them for the religious reasons. It needeed geometry to determine the direction toward Mecca, its holiest place: arithmetic and algebra to settle the dates of the festivals and to calculate the accounts lot the inheritance; astronomy to settle the dates of Ramadan and other festivals. Islam expanded and developed mathematics and sciences which it needed at first for the religious reasons to the benefit of all mankind. This thesis focuses upon the golden age of Islamic culture between 7th to 13th century, the age in which Islam came to possess the spirit of discovery and learning that opened the Islamic Renaissance and provided, in turn, Europeans with the setting for the Renaissance in 14th century. While Europe was still in the midst of the dark age of the feudal society based upon the agricultural economy and its mathematics was barey alive with the efforts of a few scholars in churches, the. Arabs played the important role of bridge between civilizations of the ancient and modern times. In the history of mathematics, the Arabian mathematics formed the orthodox, not collateral, school uniting into one the Indo-Arab and the Greco-Arab mathematics. The Islam scholars made a great contribution toward the development of civilization with their advanced the development of civilization with their advanced knowledge of algebra, arithmetic and trigonometry. the Islam mathematicians demonstrated the value of numerals by using arithmetic in the every day life. They replaced the cumbersome Roman numerals with the convenient Arabic numerals. They used Algebraic methods to solve the geometric problems and vice versa. They proved the correlation between these two branches of mathematics and established the foundation of analytic geometry. This thesis examines the historical background against which Islam united and developed the Indian and Greek mathematics; the reason why the Arabic numerals replaced the Roman numerals in the whole world: and the influence of the Arabic mathematics upon the development of the modern mathematics.

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An Empirical Study on Business Ethics in Manufacturing Sector

  • Ratna, Rajnish;Chawla, Saniya;Arora, Isha
    • Asia-Pacific Journal of Business
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    • v.4 no.2
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    • pp.21-30
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    • 2013
  • Ethics involves distinguishing between what is right or wrong thereby making a correct choice. An organization should treat its internal as well as external stakeholders ethically. This research gives valuable insights on the prevailing ethical climate and potential organizational challenges in institutionalizing ethics and its management in the manufacturing sector. The present study is designed to analyze four parameters of ethical climate in the manufacturing sector with reference to different managerial levels, to identify the critical factor of the ethical code of conduct and to find correlations between four parameters of ethical climate. Descriptive research has been used and data are collected from 200 employees of three Indian companies of manufacturing sector using a well designed questionnaire. Analyzing data with SPSS, It has been found that overall good number of people believe that MBE (Management of Business Ethics) process is well implemented. People are well aware and trained and involved in the ethical process. Senior management is very much committed to promote the ethical environment in the organization and thus company values are well communicated to the employees. Concern resolution mechanism is well established in the organization. MBE in the organization is more prevalent in higher-level employees. Senior management commitment and reinforcement is very critical for CoC (code of conduct). Correlation between all the 4 parameters is positive and significant. But the parameters are not highly correlated with each other. Organizations need to work upon these parameters to promote an ethical climate in the organization by awarding or felicitating exemplary ethical behavior. More emphasis should be given on senior management commitment and reinforcement of the ethical behavior across all levels.

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