Saarc Impact On Indian Economy

What is SAARC's impact on Indian economy?

SAARC countries share same cultural history since centuries. In the economic terms they were interdependent up to the point but colonial rulers like British, Portugese, Dutch e.t.c shares the colonies and ruled them for their benefits. After the attainment of collective independence, India remained the largest country in all terms ahead of its neighbours. Because India is somewhat peaceful and had a stable political establishment since independence. No two SAARC countries share a boundary and all of them share a boundary with India. India is strong in economic perspective than other SAARC countries so they were not of much help to India.Pakistan : It never completed the term of 5 years for any government except the recent one. Army, terrorists, internal conflicts e.t.c. hampers the growth of pakistan in every possible way. - Not helpful at all.Bangladesh : In 1971 India helped it liberate and still the furore continues,  with the opposition trying to establish a islamic state. - Not helpfulSrilanka : LTTE war - relations degraded. But hosting the tamilians who stayed there. - Interests of Indians ( tamils and fishermen) are involved. Have to co-operate with them for greater development of tamil regions.Maldives, Nepal, Afghanistan : Unstable and micro economies compared to India. India helped them with grants but never the other way around.Bhutan : Complete dependence on India. 90% of exports to India.Because of the low economic growth of these countries their help is very less compared to the help given by India. But these nations are handful in terms of population which are potential markets for exports of India. This is the reason MODI is emphasizing of peaceful and good trade relations with neighbours. With SAARC countries led by India and helping out each other for prosperous south asia. It could turn the tables in favour of India in global arena.

What impact has Jio had on the Indian economy?

Jio has both positive as well as negative impact on Indian economy.Some of +ve impacts are:Cheaper data leads to more internet user consequently more revenue.More internet user leads to more digital transactions.Less corruption.More citizen centric govt.More citizen involvent through digital india, ekranti and egovernance plan.More digital process leads to less expenditure.Easy advertisement of product. Less expenditure hence cheaper product.High speed internet at cheaper cost leads to drop in inflation rate .More diversified expenditure pattern etc.More 4g mobile sale hence more tax collection.On the other hand some of -ve impacts of jio are as follows :Drop in revenue of other operators hence no new employment.Trend of Predatory pricing .Aadhar usage increased hence breach of privacy.More chance of fraud through digital ways.Tech sevy generation , less interested in outdoor sports hence less selling of sports items.Deteriorating health condition due to less physical work.Higher chance of radiation Effect.longer call duration leads to hearing disability.

What are the impacts of hoarding on the Indian economy?

Hoarding is quite infamous in our country and mostly takes place in the sale of onions and potatoes. What happens here is that excess(or required quantities even) of harvested produce is stored in warehouses and a shortage is created in the economy.This rings the alarm bell to procure as there is only little available in the market, among consumers. Sellers exercise a virtual monopoly in pricing these commodities on seeing the flurry. And hence, sellers earn a huge surplus via hoarding.Impacts on the economy:Creates deadweight loss or loss in social welfare. Whenever we are paying more than what a commodity should cost then all the excess isn't procured by producers (read: farmers) as it is. Most of it is collected by middlemen and that's corruption.Leads to wastage of food harvested. At high prices, not all can afford it and moreover, warehousing infrastructure is not very good in India so food crops rot in the storage godowns.Shrinks the fiscal budget when government buys it at high prices and then sells it to people at remunerative prices.At times, imports can turn things to their advantage which will deter the supply side of national economy further.Inefficiency in the entire market chain since so many food processing units are going to use onions and potatoes as raw materials, and this price rise due to hoarding will be subsequently reflected in other processed products. This would only happen if hoarding persists for longer than usual time periods.Inflation.Persistent inflation might affect the exchange rate as well.

What is India's role in SAARC?

Summary: Negotiation with countries of Indian subcontinent which were once parts of ancient India.Introduction:The South Asian Association for Regional Cooperation(SAARC) is an organisation of South Asian nations, which was established on 8th December 1985 when the government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka formally adopted its charter providing for the promotion of economic and social progress, cultural development within South Asia region and also for friendship and cooperation with other developing countries. It's dedicated to economic, technological, social and cultural development emphasizing collective self-reliance. Afghanistan joined the SAARC in 2007. Meetings of the heads of state are usually scheduled annually, meetings of the foreign secretaries, twice-yearly. It's headquartered in Kathmandu, Nepal.SAARC is a manifestation of the determination of the people of South Asia to work together towards finding the solution to their common problems in a spirit of friendship, trust and understanding create an order based on mutual respect, equity and shared benefits. The main goal of the SAARC is to accelerate the process of economic and social development in South Asia through joint action in the agreed areas of cooperation.Image Source: Google

What will be the impact of giving Indian Business Card to SAARC countries?

From what I read online it is meant to facilitate multiple entry business visa with 3 to 5 year tenures for business leaders from reputed companies originating from SAARC Countries. I  head the South Asia for a reputed Indian manufacturer. My business partners and buyers need to visit me almost on a monthly basis and vice versa. Visa delays and related paperwork are a constant headache. A card as proposed would help in a large measure to ameliorate this situation and contribute to me being able to export more to SAARC which is the largest trading region for my company by a large measure. Most SAARC nations as well as India would benefit tremendously from closer trade ties as India has the exact solutions in products  and services that they require. By not being aggressive and proactive until recently, we have left these lucrative markets wide open for China to establish their hegemony. Unlike common Indian perceptions most of SAARC is advanced in their requirements as well as on human development indices vis-a-vis India. So Indian companies would do well to first compete and excel in SAARC before venturing further afield

What is the impact of SAARC overall?

Any agreement, accord or organization is no more productive, unless, there is a substantial thirst to abide by it, from all stakeholders. Our Indian neighbors, repeatedly, raise fingers against Pakistan, overlook the ground facts.As for the Kashmir issue, had India not vowed, in 1948, to ensure the plebiscite in Kashmir? Why India is reluctant now? Though, the Indians accuse Pakistan of militancy in Kashmir, again, who is the occupier? What India had done in the East Pakistan, in 1971? What is the intention of India, while it is overtly and covertly supporting the elements in Pakistan, got astray?Pakistan, being a comparative small country, owing to its Islamic identity is more vulnerable to the Western policies in the Asian continent. India has never respected Pakistan, as an Asian country. Indian remains in step with the rivals of Pakistan. Even it seeks help from Israel against Pakistan. India should think the dimensions of Raw-Mossad collaboration against the Pakistan’s interests. Had India ever reviewed, overwhelming anti-Pakistan sentiments of the Bollywood?I do not think, the Indian can ever think constructively about Pakistan, as the Indians are illusioned by the West to have a leadership rule in Asia, while the Indians, especially, the Hindus are genetically weak to become leaders. Neither the Indians play, nor they let to play. Cricket is the best scenario, as an instance.There is a long list of the instances, how India and Pakistan are mutually counter-punching. India is a big country, should bear more responsibility to harmonize the South-Asia, not at the cost of Pakistan, but on its own prospects. Pakistan, tries its best to secure the regional stability and the solidarity of the Indo-Pak relations, but Indians are always skeptics to the sincerity of Pakistan.Briefly speaking, India and Pakistan should create a cordial environment to repair their mutual ties, through the SAARC forum, it is mere a dream up till now, having hollow impacts. Indians should think, prospectively, about the South-Asian nations and ultimately about the Asian continent.

What are the 10 decisions that have had the most impact on post-independence Indian economy?

Off the top of my head, these, I think, are some major milestones / decisions.1. British Colonial Rule which resulted in Nehru's predisposition towards Fabian Socialism and resultant decisions such as - Five-year Planning.Mahalanobis model.2.  Industrial Policy 1956.3.  Emphasis on Import substitution.Later, 4.  Green Revolution 1966. 5.  Bank Nationalisation 1969, 80. 6.  MRTP Act 1970. 7.  FERA 1973. 8.  Garibi Hatao & Emergency period when Income Tax rose upto 97%. 9.  Early liberalisation measures that allowed Maruti Udyog & Suzuki like partnerships.10. Setting up of SEBI 1988.11. Liberalisation & eschewing of Licence Raj in 1991. 12. Floating exchange rate.13. Golden Quadrilateral project.14. FEMA. 15. SEZ Policy.16. Disinvestments.17. FDI relaxations.Note :- I may have missed some things here.