Macroeconomic Analysis of the Indian Economy Assignment

Macroeconomic Analysis of the Indian Economy - Assignment Example 8). Gross domestic product Gross domestic product indicates an economy’s productivity and possible investment advantages from the economy. High gross domestic product shows positive prospects and increasing trend implies a growing economy with investment opportunities and high demand for utilities among its citizens (Dwivedi 2012, p. 55). India’s gross domestic product is relatively high; it has been estimated at about $ 1867 billion and its possible implications on the proposed investment can be explored from its trend. Trend in the country’s economic data for the past eight years identifies an increasing gross domestic product and this shows an increasing productivity level. The economy reported gross domestic product at about $ 834 billion in 2006, a value that increased to about $ 949 billion in the fiscal year ended in 2007, and $ 1238.6 billion in the fiscal year ended 2008. The economy’s gross domestic product recorded $ 1867.4 billion by the year. This trend identifies the economy’s growth potentials and it is therefore suitable for the proposed investment. The increasing trend also means availability of utilities and employment opportunities (Exim Bank 2013, p. 1). Service industry is the most active in the economy followed by the industrial sector. The service industry contributes more than half of the economy’s gross domestic product with the industrial and agricultural sector as the other major contributors. A review of the gross domestic product by sectors over the past eight years further identifies a decline in significance of the agricultural sector to the economy and an increase in significance of the service industry’s significance. Significance of the industrial sector has however been constant. The agricultural sector and its... This paper makes a conclusion that consumer price index is another significant indicator for evaluation. Consumers prices have been gaining stability over the past years and this further ascertain stability in money value. The country’s consumer index is however high and this communicates high living standards besides high ability to spend. Further, the high propensity to spend communicates high local demand for the investment should it be done in India. Foreign direct investment into the economy has been increasing and the trend identifies recognition of the country’s investment potentials by global investors. The macroeconomic indicators therefore identify positive investment prospects with the Indian economy because the indicators have been improving in the past years. The economy’s gross domestic product, exchange rate, current account balance, foreign direct investment, and consumer price index indicate increasing stability. In addition, the country’s political environment, accessibility to the global economy, and its investment oriented fiscal and monetary policies identify its suitability to the company’s proposed investment. Its inflation rate and the low unemployment rate, however, raise concerns of potential economic challenges. Poor technology may further challenge the investment, but technology can be imported. This report therefore recommends the Indian economy for the proposed investments because of the diverse economic advantages that outweighs the possible disadvantages.

To what extent does the character of inter-state relations mean that Essay

To what extent does the character of inter-state relations mean that the potential for human rights will always be limited - Essay Example Conversely, it has been propounded that customary international law is nevertheless significant as a source of law particularly in the international human rights arena (Cassese, 2005: p.389). For example, the codification of conventions, and case law of the International Court of Justice (IJC) have been cited as contributing to the â€Å"resurrection† of customary international law (Cassese, 2005: p.65). However, notwithstanding the theoretical importance of international law making in areas such as human rights and as a check on autocratic state power, these measures are only as effective as their practical enforceability, which some commentators have challenged in light of competing political interests at international level, arguing that customary law has effectively been replaced by national concerns in inter-state relations (Dixon, 2007: p.17). Directly correlated to this is the concept of â€Å"state† and â€Å"inter-state relations†, which in terms of individual human rights protections at international level has become a central issue particularly in context of rapid globalisation (Baylis & Smith, 2001). Indeed, Benvenisti and Hirsch comment that globalisation is a multifaceted concept that encompasses technological, political, economic and social trends (Benvenisti & Hirsch, 2004 p.167). Moreover Baylis et al highlight that the term globalisation refers to â€Å"the widening, deepening and speeding up of worldwide internconnectedness in all aspects of contemporary social life† (Baylis & Smith, 2001 at p.541). As such, the rapid pace of this process in the previous two decades along with the digital revolution has meant that â€Å"cross border flows (of trade, investment, migrants, cultural artefacts, environmental factors etc) have reached unprecedented levels†. (Benvenisti & Hirsch, 2004, p.168). Directly related to this is the increase of