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Biswas, Bhaskar
- Macroeconomic Variables and Indian Stock Market Return:A study
Authors
1 Raja Rammohun Roy Mahavidyalaya. Radhanagar, Hooghly, West Bengal, IN
Source
Parikalpana: KIIT Journal of Management, Vol 14, No 2 (2018), Pagination: 85-90Abstract
India ranks sixth largest economy in the world by gross domestic product (GDP). In 2018 India’s economy became the world’s fastest growing major economy surpassing China. The stock market is mirror of the economy. There are so many macroeconomic variables like inflation, interest rates, GDP, FII investment; prices of crude oil, exchange rate of currency etc. can affect the return of the stock market. The aim of the research work is to measure the year wise change in FII investment in equity, year wise change in Brent crude oil price, year wise change in the INRUSD exchange rate and year wise change in the return of market (NIFTY) and find out relation between change in macroeconomic variables and the return of the Indian stock market for a period of ten years from year 2009- year 2018. Collected secondary data are analysed by statistical measures like mean, median, standard deviation, skewness, kurtosis, correlation matrix, multiple correlation and regression. It was found that Change in FII investment in equity and NIFTY return and Change in INR-USD exchange rate and Change in Crude oil price are positively related. And Change in Crude oil price is negatively related with Change in FII investment in equity and NIFTY return.
Keywords
Exchange Rate, Gross Domestic Product, Inflation, Standard Deviation, Skewness.Full Text
References
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- Comparative Performance of Pradhan Mantri Mudra Yojana (PMMY) in West Bengal and other select States in India
Authors
1 Raja Rammohun Roy Mahavidyalaya, Radhanagar, Hooghly, IN
Source
Parikalpana: KIIT Journal of Management, Vol 15, No 1&2 (2019), Pagination: 153-165Abstract
A part of income which is non disposable is saved. Saving and investment are related with each other. So, Income generation is an important thing in developing countries like India. For generating income creation of employment opportunities and self employment is very important. Hence, role of micro finance to provide loans for starting new business or small business cannot be neglected. It is seen that most of the people who borrow loans are from unorganized sector. Financial inclusion through Pradhan Mantri Mudra Yojana (PMMY) would be instrumental to bring economic change in the society. MUDRA is ‘Micro Unit Development and Refinance Agency’. This yojana is a reform measure taken by the Government of India to boost up the f inancial condition of micro small and medium enterprises (MSME).The financial initiative taken in the form of MUDRA scheme will facilitate the micro units and will be able to provide credits and funds to develop their small businesses. However, initial stages showed significant interest but slowed with years. The paper throws light on performance of Scheme in India and also brings out the comparative performance of the Mudra Yojana in West Bengal with the other states like Tamil Nadu, Karnataka, Odisha and Uttarakhand for a period of four years from 2015-16 to 2018-19. The analysis of different categories of schemes is done through trend forecasting. The analysis concludes that people are getting encouraged to develop entrepreneurship by taking initiative to start their own work. It reveals that performance of MUDRA yojana is successful under Kishor and Tarun Categories whereas Shishu category has fallen.Keywords
Investment, Financial Inclusion, Entrepreneurship, Income Generation, Micro Unit, Self Employment.Full Text
References
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