AN INFLATION CONCERNS IN THE INDIAN ECONOMY

In?ation is a burning problem that is hampering the country's economic growth. Economists, Politicians, and even people are getting busy. It is very dangerous because it directly affects people's living standards. The responsibility of governments, politicians, and economists is to protect the common man from in?ation. Statistical data show that India's in?ation rate is high, especially for food. The cause could be the supply/demand side that reduces people's purchasing power and also affects people's savings. This paper uses the statistics given to describe agricultural productivity and sophisticated retail techniques and reforms that help protect people from in?ation. Government policies such as monetary and industrial policies should prepare India for lower in?ation

A STUDY OF COVID-19 ON INDIAN ECONOMY

Objective: The COVID-19 outbreak has wreaked havoc on India's economy. This article examines how India has dealt with all of the country's severe economic problems and how it has dealt with them through various government programmes. Methods: This research article based on secondary data. Different secondary sources, such as websites, government publications, journals, magazines, and newspaper articles, are preferred for acquiring information. As a result, the utilisation of a comprehensive Literature Review approach was used to make the current research signi?cant. Results: All economic activity was halted as a result of the shutdown, and individuals lost their employment. Manufacturing and service industries have completely shut down. In India, during COVID-19 pandemic worker migration had begun. The covid-19 epidemic had a signi?cant impact on every economic sector (tourist, retail, manufacturing, aviation, infrastructure, stock markets, and etc.). Due to the COVID-19 pandemic outbreak in the ?rst quarter of 2020-21, India's GDP growth rate fell to -24.38 percent. However, the government's ?scal policies and the Reserve Bank of India's monetary policies aid India's economic recovery. India attracts foreign direct investment because major corporations have lost faith in China, and all manufacturing activity has moved to another country. India has made a concerted effort to attract these countries. Conclusions: In this COVID-19 pandemic, India implemented a strict lockdown, which resulted in higher unemployment, lower GDP growth, and starving people migrating. India faced a critical scenario during COVID-19 due to a lack of health facilities. However, new concepts were explored during Covid -19 pandemic such as work from home, digital education, and a growth in social media marketing.

CAUSES AND CONSEQUENCES OF GOODS & SERVICE TAX (GST) FRAMEWORK IN INDIA

The giant indirect tax framework in India known as the Goods and Services Tax, is meant to promote and bolster the economic growth of a country. GST has been introduced in more than 150 countries. The Vajpayee government came up with the concept of GST in 2000. Growth and development may be hindered by an aggressive performance of GST. For this study, the primary goal is for researchers to get a better understanding of the in?uence of the Goods and Services Tax (GST) on the Indian economy, as well as the many features of the Indian GST system. Using data from periodicals, newspapers, and approved websites, the article is based on secondary data sources. In conclusion, I believe GST has certain bene?cial effects, such as helping to create a tax administration that is open and devoid of corruption. Small ?rms with annual revenue of between INR 20 lakhs and INR 50 lakhs might elect to pay lesser taxes under the new GST system. What it is referred to as is known as the compositional scheme. A hike to Rs. 75 lakhs has been proposed, however there are also drawbacks, such as the fact that some retail items presently only carry a 4% tax, and that after GST, clothing and apparel may become more expensive. The GST does not apply to three key tax income generators: petroleum goods, alcoholic beverages, and electricity. The tax will be levied by the state government on certain industries. Tax income generated by GST would be a major factor in the inclusion of these sectors in the GST. A higher tax rate of 18 percent from the current 15 percent would have a signi?cant impact on the services industry, such as communications and restaurants. In India, the introduction of the Goods and Services Tax (GST) has had mixed results

Medical tourism: a new growth factor for Indian healthcare industry.

Epidemiological transition has given the opportunity to grow the traditional system of medicine across the world. Indian healthcare system which is already famous for providing quality of medical services at affordable cost as compared to developed countries took advantage of this opportunity and created a ‘basket of services’ by merging traditional medicines in existing allopathic system to attract patients across the borders. Government has made efforts in the direction of promoting medical tourism in the country and this has been fuelled by the private players both nationally and internationally. Recently this medical tourism has proved a major growth factor for expansion of Indian economy. However, the growth in this sector is underscored in terms of market share and cost advantages due to various challenges. There is also a need for proper diversion of revenue by a clear cut mechanism to strengthen the nation’s healthcare sector.

Global oil industry and Indian economy : An analyses from 1970s upto global recession (1970-2008).

Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, up to a high of 53% for the Middle East. This paper focuses on the state of the global oil industry and its implications on the Indian economy. The paper begins with the description of the current global oil market in terms of the major producers and consumers of oil. The supply is described in terms of crude oil supply which is dependent on the availability of oil reserves and the supply of petroleum products for which the refining capacity is also a contributing factor. On the demand side the paper focuses on the key sectors in terms of end use of oil and has looked at the current and projected future values of demand for oil in these sectors. The paper further looks at how imports are used to cover the trade gap and what are the major sources of these imports. Finally, the paper proceeds to look at the likely effect of future demand supply gap on the future balance of trade and the various monetary policy measures to be taken to mitigate the effect on India’s economy. Key Words: Oil demand, cartelization, oil supply, oil reserves, Indian economy.