Economic and Social-Cultural environment in India - 275 Words

Economic and Social-Cultural environment in India (Essay Sample) Content: Name:Lecturer:Date:Economic and Social-cultural environment in IndiaIntroductionEconomic reforms and government efforts have lead to the development of diversified and potential markets in India for both local people and foreign investors including western firms. In the past, establishing a business was a complex and hard thing to do especially for foreigners. With new changes enacted by Indian government, the business industry has all together changed. In detail, the paper observes Indiaà ¢Ã¢â€š ¬s current situation with regard to economic and social-cultural matters (Kaushik 12). It is categorized into two prime sections; the first part analyzes economic situation and past crisis witnessed in India. The latter part goes on to discuss social-cultural environment and how this influences foreign investors venturing in this country.Part 1: Economic environment in IndiaThe term economic environment implies external factors in an economy or market that either affects t he business negatively or positively (Dyson 06). It entails microeconomic environment (within a business) and macroeconomic environment which focuses on the entire Indiaà ¢Ã¢â€š ¬s Economy. Macroeconomic environment involves factors such as currency exchange rates, saving rates, recession, depression, unemployment and consumer confidence levels. Under this, the paper touches on: * Indiaà ¢Ã¢â€š ¬s exchange rates * Balance of payments * Inflation * Payment rates * Sectors of economyThe current statistics from CSO (Central Statistics Office) indicate that GDP growth for the year 2014/2015 is most likely to grow at a low rate (5%) as compared to 6% GDP growth rate for the year 2013/2014. The drop is witnessed due to lowered allied activities, agricultural and manufacturing activities (Kaushik 26). The per capita income which determines the current living standards of India Citizens has slightly increased as compared to the last five years.Balance of paymentsCurrently, trade deficit has been reduced by 6.7% due to the fact there is an increment in countryà ¢Ã¢â€š ¬s exports (Dyson 17). The huge deficit witnessed last was as a result of importing a lot of oil (over 120 M tones). Currently, it is noted that general balance of payment is positive compared to the recent past.The currencyThe accepted legal tender in India, Nepal and Bhutan is Indian Rupee. Currently, in comparison with US dollar and UK pound as at now, 1$= 62.18 Indian Rupee and 1 UK pound is equal to 96.72 Indian Rupee. The highest rupee banknote is 1,000 Rupee and the lowest coin is 25 paise. The central and recognized bank of Indian is RBI (Reserved Bank of Indian). This bank is actually headed and controlled by central government.Global trade relationsIndian to large extent relies on internal market. The global merchandise trade constitutes of 2.8% of Indiaà ¢Ã¢â€š ¬s trade while most of products imported are equipment, machinery and raw materials. Prominent partners of India include UAE, UK, US, Japan, China and EU. Indiaà ¢Ã¢â€š ¬s major exports include minerals, iron core, gems, jewelry and petroleum. Sectors of Economy of India rely of Agricultural activities, industrial services, natural resources and baking and finance.The economic crisis and its implicationsThe report released by WESP in 2013 hopefully shows the positive changes in the economy after global crisis erupted after four years. In India, reports indicate that its economy weakened further due to decelerated exports. It faced a number of key challenges such as persistent inflationary pressures, fiscal deficits and irrelevant policies. The report seems to curse poor and irrelevant policies seem to deviate from the cores of economy development (Kaushik, 23). Slow global growth implies it will hinder Indiaà ¢Ã¢â€š ¬s economic growth negatively. India majorly depends on inflows of capital; the Euro crisis will negatively affect its economy.Part 2: Social-cultural environment in IndiaSocial-cultural en vironment are factors like consumption habits of Indians, languages, customs, and tastes preferences affect the countryà ¢Ã¢â€š ¬s economy. Remember these are practices, customs, belief and behavior existing in a certain population (Dyson 14). Before venturing into business, foreign investors investigate the social-cultural conditions. In general, social-cultural aspects include technological factors, attitude, religion, social responsibility, family, education, natural factor and demographic factors.India is defined as a country with diverse religions, e...

Natural Law Theory Coursework Example

Essays on Natural Law Theory Coursework The paper "Natural Law Theory" is a perfect example of coursework on law. Natural law is a body of unwritten body of universal principles that underlie the legal and ethical norms by which people evaluate and govern human conduct. These set of laws are significantly different from the positive laws that consist of written rules and regulations endorsed by the government. The general acceptance of the doctrine of natural law among the Germans has led to the disobedience of orders to execute civilians.   As Ohlendorf affirms during his trial, it is indeed inconceivable that a lesser leader should not carry out commands given by the leaders of the state. In reality, the point of his reasoning is right. However, human beings are moral creatures. If the natural laws exist to govern the ethical nature and behavior of man, then individuals must not follow instructions blindly to appease their leaders. The current scenario of legislation in Germany is mature and individuals seem to feel the impact of the subjection to the set of natural laws. The defiance of the unscrupulous orders from the leaders of the state should not be termed as disobedience. Rather, the citizens have come to mature up with time and the natural laws and principles individuals tend to recognize and apply them in their life. In this context, Ohlendorf’s rationale, if evaluated under the contemporary moral and ethical conditions, would be considered as an act that ignores the principles of natural law. Therefore, the general acceptance of the doctrine of natural law among Germans has led to disobedience in orders to execute civilians when ethical and moral principles are at stake.

Principles of Nazism free essay sample

Opposition to communism and democracy e) Militarism. Principles of fascism †¢Absolute power of the State: The Fascist state is a glorious, living entity that is more important than any individual. All individuals are part of the State, but the State is greater than the sum of its parts. All individuals must set aside their own needs and supplicate themselves to the needs of the State. There is no law or other power that can limit the authority of the State. Survival of the fittest: A Fascist state is only as glorious and powerful as its ability to wage wars and win them. Peace is viewed as weakness, aggression as strength. Strength is the ultimate good and ensures the survival of the State. †¢Strict social order: Social classes are strictly maintained in order to avoid mob rule or any hint of chaos. Chaos is a threat to the State. The States absolute power and greatness depends on the maintenance of a class system in which every individual has a specific place, and that place cannot be altered. We will write a custom essay sample on Principles of Nazism or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Authoritarian leadership: To maintain the power and greatness of the State requires a single, charismatic leader with absolute authority. This all-powerful, heroic leader maintains the unity and unquestioning submission required by the Fascist state. The authoritarian leader is often viewed as a symbol of the State. 1. Powerful and Continuing Nationalism Fascist regimes tend  to make constant use of patriotic mottos, slogans, symbols,  songs, and other paraphernalia. Flags are seen everywhere, as  are flag symbols on clothing and in public displays. 2. Disdain for the Recognition of Human Rights Because of fear of enemies and the need for security, the people in fascist  regimes are persuaded that human rights can be ignored in  certain cases because of need. The people tend to look the  other way or even approve of torture, summary executions,  assassinations, long incarcerations of prisoners, etc. 3. Identification of Enemies/Scapegoats as a Unifying Cause   The people are rallied into a unifying patriotic frenzy over the  need to eliminate a perceived common threat or foe: racial ,  ethnic or religious minorities; liberals; communists; socialists,  terrorists, etc. 4. Supremacy of the Military Even when there are widespread  domestic problems, the military is given a disproportionate  amount of government funding, and the domestic agenda is  neglected. Soldiers and military service are glamorized. 5. Rampant Sexism The governments of fascist nations tend  to be almost exclusively male-dominated. Under fascist  regimes, traditional gender roles are made more rigid. Divorce, abortion and homosexuality  are  suppressed and the state is represented as the ultimate guardian of the family institution. 6. Controlled Mass Media Sometimes to media is directly  controlled by the government, but in other cases, the media is  indirectly controlled by government regulation, or sympathetic  media spokespeople and executives. Censorship, especially in  war time, is very common. 7. Obsession with National Security Fear is used as a  motivational tool by the government over the masses. 8. Religion and Government are Intertwined Governments in  fascist nations tend to use the most common religion in the nation as a tool to manipulate public opinion. Religious rhetoric  and terminology is common from government leaders, even  when the major tenets of the religion are diametrically opposed to the governments policies or actions. 9. Corporate Power is Protected The industrial and business  aristocracy of a fascist nation often are the ones who put the  government leaders into power, creating a mutually beneficial  business/government relationship and power elite. 0. Labor Power is Suppressed Because the organizing power  of labor is the only real threat to a fascist government, labor  unions are either eliminated entirely, or are severely suppressed. 11. Disdain for Intellectuals and the Arts Fascist nations tend  to promote and tolerate open hostility to higher education, and  academia. It is not uncommon for professors and other  academics to b e censored or even arrested. Free expression in  the arts and letters is openly attacked. 12. Obsession with Crime and Punishment Under fascist  regimes, the police are given almost limitless power to enforce  laws. The people are often willing to overlook police abuses and  even forego civil liberties in the name of patriotism. There is  often a national police force with virtually unlimited power in  fascist nations. 13. Rampant Cronyism and Corruption Fascist regimes  almost always are governed by groups of friends and associates  who appoint each other to government positions and use  governmental power and authority to protect their friends from  accountability.