{"title":"An Analytical Study of Government Measures to Mitigate the Effect of Covid-19 on Indian Economy","authors":"V. Chander, B. Garg","doi":"10.17492/jpi.pragati.v9i2.922206","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i2.922206","url":null,"abstract":"In view of serial waves of Corona virus, this paper is an attempt to analyse the different initiatives and measures of Government to mitigate the effect of COVID 19 on Indian economy. This study is secondary data based and relevant data has been collected from reports of economic surveys GOI, World Bank reports, news papers, SOP’s issued time to time by Ministry Home Affair and Health and Family Welfare, GOI, journals and websites. Macroeconomic indicators (GDP, Unemployment, inflation rate etc.) have been used to analyze and interpret data to fulfill the objectives of the study. Of course, Government measures have mitigated the effect of pandemic significantly, but more efforts are required to heal the damage of COVID 19 completely. The findings of this study will be helpful to policy makers to assess the performance of these measures to design appropriate policies to cope with Covid-19 and such pandemics in future.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116803536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Interpreting the Budget Speech for 2022-23","authors":"S. Agarwal","doi":"10.17492/jpi.pragati.v9i1.912208","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i1.912208","url":null,"abstract":"Though the Budget 2022 has included provisions to tackle the country’s economic vulnerabilities, its successful outcome will be essential to its performance. The Budget Speech 2022-23, labelled as ‘growth-oriented’, pumped optimism into ‘Dalal Street’, and share market operations concluded on a hopeful note after the proposal was delivered. This article aims to go further into the government’s budget complexities to grasp the details of whatever is being pledged, how those commitments are supposed to be achieved, and whether they satisfy the country’s present economic expectations. This article also highlights that consumption demand is still an issue as the budget speech plots the route to prosperity for the next three decades and the budget 2022-23 has prioritized long-term advantages over short-term solutions.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116585844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Distribution of Household Assets and the Resultant Pattern of Income among Citrus Fruits Growers in Himachal Pradesh","authors":"Vinod Kumar, V. Kumar, K. Sharma","doi":"10.17492/jpi.pragati.v9i2.922202","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i2.922202","url":null,"abstract":"This paper examines the distribution of household assets and the resultant pattern of income among the citrus fruits growers in Himachal Pradesh. The rural economy of India is agro-pastoral in nature; land is the major productive asset in the rural areas. In the rural areas agricultural, horticultural, animal husbandry and cottage industries are the major sources of household income. In Himachal Pradesh, land is the main productive asset and inequality in the distribution of land is followed by inequality in the distribution of income and assets which further leads to unequal access to the decision making process. Mass poverty and chronic underutilization of enormous human potential are commonly considered as our most important concerns. Poverty, often known as inequality, is a socioeconomic scenario in which a society’s resources are diverted to support the needs of a small group of individuals, while the majority does not have enough to eat.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128451043","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Production, Consumption and Marketing Status of Dairy Development in India: An Inter-state Analysis","authors":"A. Nayak, Kanti Paul, K. Bagchi","doi":"10.17492/jpi.pragati.v9i2.922201","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i2.922201","url":null,"abstract":"Dairy sector plays a vital role in the case of a nation’s food supply, engagement of rural workforce etc. Milk production, consumption and per capita availability in India have been increasing rapidly. Some of the challenges in dairy sector are pricing, low milk productivity due to intrinsic (low genetic potential) and extrinsic (poor nutrition/feed management, ineffective veterinary and inefficient execution of breed improvement programmes), shortage of feed/fodder and organized private sector. Access to technological innovations, improvement in infrastructural etc have been quite significant to give a strong boost to dairy development. Government has adopted several schemes for improving milk quality and quantity. All the dairy related variables are mostly pair-wise significantly positively correlated. With the help of ‘Dendrogram’, Indian states have been clustered into three clusters namely ‘High’, ‘Moderate’ and ‘Low’. Some policy recommendations for strengthening dairy sector in India have been made.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133765672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effect of Four Events (NITI Aayog, Demonetization, GST & N-Covid-19) on Indian Stock Market with Special Reference to Sectorial Indices","authors":"Sourabh N Mahendrakar, Sneha Nimbayi, Sagar Patil","doi":"10.17492/jpi.pragati.v9i2.922205","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i2.922205","url":null,"abstract":"Study seeks to determine the effects of NITI Aayog, Demonetization, GST and N-Covid-19 on Indian stock market return. Systematic literature review (SLR) method is used to assess the effect, considering 50 journal publications between 2017 to 2022. Automobile, Banking, FMCG, Information Technology, Oil & Gas sectors are cosnidered. Event Study Methodology is followed with pre (-21 days) and post-event window (+21days) analysis. Index values were observed and abnormal returns were calculated for the study period and the impact was evaluated. The findings revealed that indices were significantly impacted by events with negatively yielding in the short run. In long run, markets gradually recovered and stabilized. Further, the analysis highlights that, each of the events affect on various sector is not same. These occurrences may alter investor sentiment, which in turn affects stock prices. Study concludes with the effect and highlighting conclusive effect.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133019972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Socio-economic Impact of MGNREGA on its Beneficiaries: A Case Study of Subarnapur District, Odisha","authors":"Rahul Kumar Si, Raj Kishor Pradhan, Bhukhanda Palita","doi":"10.17492/jpi.pragati.v9i2.922208","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i2.922208","url":null,"abstract":"The real growth of India sprawls in the economic betterment of people lives in rural India for which government needs to make strong economic policies and better implementing strategies. To give 100 days of legal guaranteed employment at the minimum wage rate to provide livelihood security for rural household, improve the socio-economic conditions, reduce the forced migration and maintain rural infrastructure every year, MGNREGA was enacted on 2nd October, 2009 to facilitate the social protection for the people by providing employment opportunities and therefore contributing towards the overall development of the nation. The present study was attempted to overview the impact of MGNREGA on economic and social development of beneficiaries in Subarnapur district of Odisha. The scheme has no doubt on immense scope and impact and results in social security aspect are encouraging if the aberrations here and there are taken into stride.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123542334","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Potential Impact of Covid-19 on Occupational Status, Mobility and Digital Payment System in India","authors":"Bisla Devi, C. Singh","doi":"10.17492/jpi.pragati.v9i1.912207","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i1.912207","url":null,"abstract":"COVID-19 pandemic affected the socio-economic and attitudinal changes in society by altering livelihood to a large extent. The eruption of COVID-19 in China threatens not only human health but also the world's economic growth in the years to come. An examination of the three-dimensional changes in socio-economic and occupational shifts resulting from the COVID-19 pandemic is presented in this paper. Firstly, it describes the occupational shifts, related perception, and demand and supply of ‘work from home’ experience. Secondly, the dynamics of reverse migration, unemployment, and altered wages are discussed. Thirdly, the paper examines the increased need for digital payment systems to reduce hand-to-hand transmission of the virus which indirectly uplifts the scope of some occupational activities. Therefore, systemic restructuring is required with the help of different models/ schemes to address the changing demand and supply, and to adapt to the new environment of jobs and attitudes, technology use and ‘work from home’ experiences.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126658512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Growth and Instability in Foreign Direct Investment Inflows to India Since 1991","authors":"Neha, M. Lal","doi":"10.17492/jpi.pragati.v9i1.912206","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i1.912206","url":null,"abstract":"With the introduction of new economic reforms in 1991, there has been a significant increase in the intensity of foreign direct investment (FDI) inflows to India which shows the liberal policy regime and increase in the confidence of investors with the passage of time. The purpose of this study is to identify the trend, growth and instability of FDI inflows to India in the wake of economic liberalisation and deregulation. This paper lays down the analytical framework for empirically testing the annual rate of, the compounded annual growth rate and instability associated with the flow of FDI to India since the initiation of economic reforms in 1991. Through employing regression analysis, the results show that FDI is increasing with a growth rate of 19.31 % which is highly significant with a falling growth in the instability of FDI inflows to India which is -1.42655 %.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115878236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Trends and Determinants of Volatility: A Study of Soybean Futures Contracts","authors":"Saroj Joshi, Ritu Sapra","doi":"10.17492/jpi.pragati.v9i1.912202","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i1.912202","url":null,"abstract":"This study examines the trends and determinants of volatility in the context of the Indian futures market by taking soybean futures contracts traded on NCDEX. The sample consists of daily data on closing price, trading volume and open interest from Jan 3, 2005 to Dec 31, 2019. ARMA-GARCH model is being estimated for empirical analysis. The study finds that return distribution exhibits thick tails, time-varying volatility and volatility persistence. The GARCH effects are greater than the ARCH effects, which indicate that volatility is more sensitive to its own lagged values than recent news. The study finds a positive relationship between trading volume and volatility, whereas a negative relationship is observed between open interest and volatility. It was also observed that the inclusion of trading volume and open interest in the GARCH model reduces volatility persistence. The study concludes that trading volume and open interest are two important determinants of volatility.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117108946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Analytical Study of Success factors of Women Entrepreneurship in India using One-way ANOVA","authors":"Nupur ., V. Shunmugasundaram","doi":"10.17492/jpi.pragati.v9i2.922203","DOIUrl":"https://doi.org/10.17492/jpi.pragati.v9i2.922203","url":null,"abstract":"Women’s development is central to nation-building. The study attempts to find out the impact of age, marital status, educational qualification, ownership type, community, access to finance, and location of the enterprise on the success factors of women entrepreneurs in India. A total of 384 women entrepreneurs were chosen as the sample size. The One-way ANOVA test was utilized to examine the impact on success factors of women entrepreneurs in India. The results revealed that four out of seven have a significant impact on the success factors of women entrepreneurs which are location, community, access to finance, and ownership type. This research contributes to the literature on factors related to women entrepreneurs in India which will help future policymakers and academicians with the study.","PeriodicalId":131046,"journal":{"name":"PRAGATI: Journal of Indian Economy","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132745210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}