Anveshana: search for Knowledge

K. P. Shripathi ¹

Affiliations
1 Department of Economics, Mangalore University, IN

Abstract

Performance of Indian economy when compared across different countries, in the recent years has appreciation from all over. Macroeconomic indicators are showing impressive growth in spite of the pressure from global economic slowdown since 2008. And this is believed as the result of new economic policy, and economic reform measures taken since 1991. It is true that Indian economic policy has taken a turn, and the structure of the economy changed from mixed economy to a liberalised private, market economy opening up to the global economy more freely. Internal and external factors have taken the advantages of this and grabbed the opportunities, started to compete and many participants in the economy became strong and gained from it. Sectors and sub sectors of the economy transformed, reformed, expanded and new activities emerged with economies of the scale. However, few traditional sectors of the Indian economy are still finding it difficult to adjust to the new competitive market environment. Specifically, Agriculture and in general rural economy is one such sector which in fact could not grow stronger enough to be in the competitive environment instead weakened because of the declined support from either government or from market. Rural economy finds difficult to cope with the changing market environment is mainly due to the social-cultural features of the large population engaged in the rural economy and the kind of unfavourable urban-rural linkages and partly due to political reasons. Prospective Indian economy should realise the importance of rural economy and 'market failure' components of it needs government support and encouragement in a sustained, nonpolitical manner. Highlighting this, an attempt is made in this paper to organise discussion on importance of rural economy and issues and problems related to it.

Keywords

Indian Economy, Rural Economy, Agricultural Economy, Market Failure, Poverty.

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K. P. Shripathi ¹

Affiliations
1 Mangalore University, Mangalagangotri, Mangalore, IN

Abstract

In the recent years, the retail sector in India is growing impressively and there are several reasons for the boom in this sector. Increased consumerism and increased purchasing power are the key factors for this. Economic development marked with increased production of wide range of products with multiplier effect created a favorable environment for the retail sector. Increased international and inter regional interactions makes people exposed to different cultures and way of life. Even domestically increased consumption and changed consumption pattern owning to diversity in culture, religion and the family values that encourage spending on specific occasions keeps the retail business activated. Indian retail sector is under developed in the sense that more than 94.0 per cent of the market is made up of small, indigenous styled family-run stores. Recently, there is an indication that Government is dropping it's traditionally protectionist's policy and opening up its retail market to greater foreign investment. In view of these changes taking place in the retail sector of India, it would be interesting to analyze their growth trend, opportunities and challenges in this paper. Such an attempt is made in this paper to analyze the evolution and present trend of retail sector in India.

Keywords

Retail Sector, FDI, Consumption, Mall, Hyper Market.

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K. Ravindra ¹, K. P. Shripathi ²

Affiliations
1 Department of Business Studies, Gulf College Oman, Muscat, OM
2 Department of Economics, Mangalore University, Mangalore, IN

Abstract

Inclusive Growth model is accepted widely to incorporate social justice in development and in India, Inclusiveness, was a critical element in the strategy of IXth Five Year Plan. It was to achieve by ensuring broad-based growth and was combined with programmes aimed at overcoming deficiencies in critical areas, which affect large numbers of the vulnerable sections of the population. Financial inclusion is one of the area, where such programmes are planned and implemented. This paper attempts to provide discussions on the financial inclusion programmes in India basically with reference to finance to poor and women empowerment. Analysis of national agenda for reforms in the financial sector, key issues on financial inclusion, and evaluation of the financial inclusion programmes in India in terms of financing poor, financing women empowerment activities.

Keywords

Inclusive Growth, Financial Iinclusion, Microfinance, Self-Help Groups, Bank Linkage Programmes.

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