Review of Professional Management- A Journal of New Delhi Institute of Management

Arati Basu ¹

Affiliations
1 New Delhi Institute of Management New Delhi, IN

Abstract

No Abstract.

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Arati Basu ¹

Affiliations
1 New Delhi Institute of Management, New Delhi, IN

Abstract

No Abstract.

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Arati Basu ¹

Affiliations
1 New Delhi Institute of Management, 50 (B&C) Tughlakabad Institutional Area, New Delhi-110062, IN

Abstract

India has recently gone through the crisis of sharp depreciation of rupee and depletion of foreign exchange reserve resulting into inflation, demand recession and slow down of economic activities. The paper examines issues related to management of both domestic and external sectors of Indian Economy in a Globalized world. The paper first examines the operation of open economy- the interconnectivity developed through exports and imports and capital flows. Then, an analysis is carried out on long period movements of the exchange rate in the regime of full Current Account and Partial Capital Account convertibility of rupee.

The statistical analysis on the association of exchange rate movements with various components of capital inflows and Current Account deficit has been done. The last section analyses, the crisis period until Sept. 2013, measures to manage the crisis and turnaround of the external environment of Indian economy in the framework developed in the paper.

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Arati Basu ¹

Affiliations
1 New Delhi Institute of Management, New Delhi, IN

Abstract

Business cycle is the natural occurrence of the market economy originating due to over production dampening the business expectation and reducing investment demand. In recent years, business cycles are occurring due to frantic activities in the financial market. Financial sector and real sectors are interconnected. The financial sector boosts consumption and investment demands in the real sector through credit or asset creation. During boom activities in financial sector is hailed for its ability to create enough liquidity in the economy to finance higher growth while during recession credit chrunch dampens the real economic activities. Recession results into large scale unemployment leading to socio-economic sufferings. The recent global recession has been a great concern world wide. Though some countries are able to cope up with this recession others are still struggling to find long term solutions. Main issue for recent recession was the role of banks in over leveraging the power of credit asset creations through distribution of risks in the asset markets. Asset markets on the other hand could not price the assets due to non transparency and complicated process involved in asset creation. Prices did not match the riskiness of the assets thus the investors were duped by the market. Also regulatory authorities could be flouted by carrying out over the counter transactions. Thus flows of hot money created instability and high risks in the system. This Paper gives detailed analysis of above aspects and then discusses why Financial stimulus of Keynesian type were used as an immediate measure. Then the paper also focused on the suggestions that are being offered for long terms reforms in the financial sector so that inherent moral hazards in the credit and asset markets can be tackled in the long run.

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Arati Basu ¹

Affiliations
1 NDIM, New Delhi, IN

Abstract

No Abstract.

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Arati Basu ¹

Affiliations
1 NDIM, New Delhi, IN

Abstract

No Abstract.

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Arati Basu

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No Abstract.

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Arati Basu

Abstract

New Year Greetings to all our readers!

This year will be milestone in history for various changes of directions both nationally and internationally. USA is moving towards more conservative economic policies of protectionism, and job reservation for her own people. India in the midst of high rate of growth, has demonetized its highest denomination of currencies as a drive against black and counterfeit money. While success of the policy can be evaluated only at a later date, India is steadily pushed towards digital economy as its side effects. Utmost concern is how India can be completely a digital economy when 26 percent of population is illiterate? Most of these people are the part of informal economy depended on cash for trade and daily transactions. Also, security of transactions is utmost important for success of a digital economy.

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Arati Basu

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New Year Greetings to all our readers and paper contributors!

Integration of Indian economy through GST, improvement of Ease of doing Business by 30 points and up gradation of Moody’s rating for Indian economy have contributed to positive outlook of Indian Business environment. While the objectives of the policy should be creation of jobs along with growth to match aspirations of Indian Youth, measures to revamp banking sector through recapitalization is a positive step to improve business expectation that could boost investment in the private sector. Rising inflation is a concern, as this discourages interest rate adjustment as a tool of macroeconomic management.

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Arati Basu

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“Come June” new batch of Students enters B-schools for higher education in search of new directions in life. There is all round preparation at NDIM for actualizing their dreams–a support system for their learning goals. Both Global and Indian macroeconomic environment have been facing new challenges viz. tariff war between China and USA, Indian economy facing unprecedented increase in oil price due to US sanction on Iran. Depreciation of rupee and depletion of foreign exchange reserve call for better macroeconomic management of Indian economy. Indian Banking system needs to reinvent themselves to regain depositors’ confidence.

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Arati Basu

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