India Economic
Autor: Maryam • September 14, 2017 • 616 Words (3 Pages) • 1,037 Views
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Labour Market Analysis
Population is one of the biggest assets in India, there are more than a billion population in 2003 and its increasing 1.38% annually and because of the unemployment rate keep increasing due to over population. Therefore, the government of India launches a new program in 2010 to control the population. According to The New York Times the government of India is offering Rs500 which is quite a lump sum of amount in India to couples if they postpone plans for having a child in 2 years time after newly married then they can get the money and a honeymoon package. This programme was 1st launch in the western India area.
Price Level Analysis
The inflation rate of India of 2009 to 2013 has been around 7.65% - 10.91% due to the consumers inflation which reflects market price around shops. The average of 8% wholesale price inflation a.k.a. “factory gate”. No matter how the price of mineral and fuel goes up, India seems to be uninterrupted due to the inflation of their food prices. To be exactly, since 2009 – 2013 the prices in consumables have moved from a single digit cost to a double digit cost.
Conclusion
The government of India has become quite a promising business partner by launching a project named ‘Make in India’. This project main purpose is to give India a recognition in the global economy system and I felt that this is a great move. Because by co-operating with other country they can increase their GDP steadily .
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