Refine your search
Collections
Co-Authors
Journals
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Nataraj, Geethanjali
- TRADE IN SERVICES AND INVESTMENT FLOWS IN SOUTH ASIA
Abstract Views :155 |
PDF Views:111
Authors
Source
Journal of Business Thought, Vol 3, No 0 (2012), Pagination: 15-60Abstract
Despite being a group of contiguous countries, South Asia is one of the least integrated regions in terms of intra-regional investment and trade relations. The share of services in GDP of South Asian countries has increased substantially with South Asia exhibiting a high revealed comparative advantage in commercial services and more particularly in “other services” including computer and information technology enabled services. Analysis of the foreign direct investment (FDI) inflows in South Asia reveals that the number of total sale deals including Greenfield investments and Mergers and Acquisitions have increased in recent years. Though India is ranked as the second most attractive destination for FDI, South Asian countries, including India, do not rank high in terms of the FDI performance and potential indices and are also ranked low in the global competitiveness index. The study points out the investment constraints in South Asia and cites poor infrastructure and labour market inefficiencies as the bottlenecks in attracting higher FDI inflows. Emphasising the importance of Doha Development Agenda on the one hand, the paper lays out the importance of larger and broader RTAs like Pan Asia Free Trade Agreement (PAFTA) instead of narrow RTAs like SAFTA. The success of SAFTA in enabling regional integration would depend on turning its current shallow constitution in favour of a deep agreement taking into account various behind the border issues.Keywords
Trade, Services, Investment , South Asia- Demonetisation in India: An Impact Assessment
Abstract Views :332 |
PDF Views:138
Authors
Affiliations
1 NIT, Kurukshetra, Thanesar – 136119, Haryana, IN
2 IIPA, New Delhi – 110002, Delhi, IN
1 NIT, Kurukshetra, Thanesar – 136119, Haryana, IN
2 IIPA, New Delhi – 110002, Delhi, IN
Source
Journal of Business Thought, Vol 9, No 0 (2018), Pagination: 11-23Abstract
Indian economy took a historic move of banning high denomination notes measured as 87 percent of total currency in November 2016. The early objectives of the move were linked to various issues such as curbing black money, removing counterfeit currency and stopping terrorist funding. But in due course the implications of demonetisation have been pronounced in the form of wider tax base through accounted income, progress towards a cashless economy, increase in bank deposit balances under Basel III accord, controlling inflationary activities, removing the asset bubbles through limited cash availability, etc. In this regard, several academics have carried out their own analysis of demonetisation and its effects but most of the research work has addressed the partial effects of the demonetisation move and have been carried out in the early months of the move. But now that the economy has crossed about one and a half year of this landmark reform, there is ample scope to measure the true impact of demonetisation on the financial system, inflation and real economy of India. The paper concludes that overall the effects of demonetisation on the economy can be said to be neutral. Interestingly, macro indicators of the economy have improved in recent years despite two major initiatives of demonetisation and GST reforms. This reflects that the resistance of the Indian economy continues due to its strong demand. This is of prime importance for reviving investment in the economy, which in turn, has wider implications for the overall growth and development.Keywords
Demonetisation, Digitalisation, Fiscal Health, Financial Sector, Real Economy.References
- Lahiri AK. Demonetisation and the Cash Shortage, NIPFP WP No. 184; 2016 Dec.
- Kohli and Kumar. Economic rationale of ‘Demonetisation’. Economic and Political Weekly. 2016 Dec; 51(53):31.
- Bhalla SS. Black Cash in India, The Indian Express; 2016 Dec 06.
- Sahoo P, Ashwani. Here’s what the impact will be of Rs 500, Rs 1,000 note ban: A massive change in informal cash-carry system to formal financing,, Financial Express; 2016 Nov 10.
- Gurumurthy. S De-mon - a multidimensional project, Indian Express; 2017 Sep 05.
- CII. Money Market after Demonetisation, Communiqué, Confederation of Indian Industry. 2017 Jan.
- Bryson JH, Pershing HE. Economic Analys, Indian GDP Growth Depressed by Demonetisation, Special Commentary, Economics Group. This report is available on wellsfargo.com/economics and on Bloomberg WFRE; 2017 Feb 28.
- Chand R, Singh J. Member and Consultant, respectively, NITI Aayog, Agricultural Growth in the Aftermath of Demonetisation.
- Reserve Bank of India. Macroeconomic Impact of Demonetisation - A Preliminary Assessment; 2017 Mar 10.
- Sabnavis M, Ranadive R, Mishra M. Four months after demonetisation: Where do we stand?, CARE Ratings; 2017 Mar 15.
- Drèze J. Demonetisation Decimates Ranchi’s Economy, The Wire, 26 December 2016; 2016 Dec 26.
- Sibal P. In Amritsar, Decline in Earnings Doesn’t Translate to Anti-Demonetisation Sentiments; 2017 Jan 16.
- Anil V. In Four Areas in Delhi, Average Income Has Declined by 60% After Demonetisation. 2017 Jan 07.
- Bhattacharya K, Mitra S, Pal S, Saha B. Reviving the informal sector from the throes of demonetisation. [Internet]. 2017. Available from: Retrieved from http://eprints.lse.ac.uk.
- Waknis P. Demonetisation: Some Theoretical Perspectives. Jan 23 2017. Retrieved from MPRA: https://mpra.ub.unimuenchen.de/id/eprint/76391.
- Narain and Rani A. The stability of Indian stock market after demonetisation. Business Analyst, 2017 Mar; 37(2):39–56.
- RBI. Monthly Bulletin Various Issues, Reserve Bank of India. March 10 2018.
- Moneylife Digital Team (June 15, 2017). Demonetisation could cause capital erosion for MFIs, NBFCs and SFBs in FY2018.
- SIAM. Automobile wholesale picks-ups for stock replenishment, Press Release; 2017 Aug 11.
- Mukherjee S. Passenger vehicle sales up 7.8% in February, Economic Times; 2018 Mar 12.
- Bhagat J. New plans to boost self-employment: Shri Kalraj Mishra, PCQUEST; 2017 Jul 06.