General Awareness

April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

Present economic scenario in India

MBA Aspirants are expected to know and understand the current scenario of economic conditions of Indian market.  
Read: Present economic scenario in India
On the whole, India’s economic outlook is far brighter than it was in 2013. Government officials and industry experts claim that this year, India will witness an increase in the employment rate, particularly in the banking sector. 
The banking sector has come up with ambitious hiring plans for both officers and administrative staff and as per industry reports, state-run banks are expected to hire as many as 55,000 officers and clerical staff this year. In addition, the employment rate in the IT sector is expected to rise, with an increase in the demand for outsourcing in the US and other developed countries. With significant growth in the banking and IT sector, there is bound to be a positive spillover effect in other sectors too, including hospitality and retail. 
Many key industry players believe that the worst is over for India’s economy and that in 2014, GDP growth is likely to hit 5.5% and exceed 6% in 2015. Recently, Railway Minister Mallikarjun Kharge presented the interim rail budget for four months in the Lok Sabha and announced that the Ministry of Railways will be launching 17 premium trains, 39 express trains and 10 passenger trains and providing rail connectivity to Meghalaya, Arunachal Pradesh, Katra and Vaishnodevi. 
In addition, the Ministry of Railways will be focusing on the electrification of more routes in India to reduce its dependence on diesel. Despite such significant developments in the railways sector, the passenger fares and freight rates are expected to remain the same. 
This is because there is a possibility of opening the railways sector to foreign investment. At present, there is a complete ban on foreign direct investments (FDIs) in the railways sector, except the mass rapid transport systems; however, this is expected to change with the home ministry giving a green signal to FDIs in this sector. With more projects in the railways sector and an increase in the inflow of funds, we are likely to witness growth in not only the railways sector but also other related industries.
In January 2014, India’s trade deficit reduced by Rs 14 billion (US$ 220 billion) as compared to December 2013 – in January 2014, India’s trade deficit stood at Rs 616 billion (US$ 9.92 billion) as opposed to December 2013, when the trade deficit stood at Rs 630 billion (US$ 10.14 billion). 
The shrinking of India’s trade deficit can be attributed to a sharp decline in the import of precious metals such as gold and silver. To keep the current account deficit low, a country has to ensure that the export value of its goods and services is higher than the value of goods and services it imports. 
And this is exactly what is happening in India – there has been an increase in the export value of engineering goods and readymade garments and textiles by 37% and 17.4% respectively and this has helped India to reduce its current account deficit. 
On the whole, India’s economy seems to be growing at a steady rate and the future is looking bright. If India continues to increase the export value of its products and services and manages to increase FDIs in the next few months, we will be able to achieve the target GDP growth rate of 5.5% in no time.
Stay informed, Stay ahead and stay inspired with MBA Rendezvous 

Crucial Dates, You Should not Miss

Manav Rachna International Institute
of Research

Admissions Open for all MBA programme at Manav Rachna International Institute of
Research and Studies.
CII School of Logistics Amity University, Delhi and Mumbai
Admissions Open at CII School of Logistics Delhi and Mumbai campus, Apply Now!
GITAM School of International Business, Visakhapatnam
Admissions open for MBA programmes at GITAM. Application Deadline is February 20, 2018
Application Last Date for Online Submission - February 25, 2018
TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open at BIMTECH, Greater Noida
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is January 18, 2018.
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 29, 2018
Institute of Public Enterprise, Hyderabad
Last Date to Apply for IPE, Hyderabad is 21st January, 2018
IMI New Delhi
Admissions Reopened for PGDM Last Date to Apply January 21, 2018
Application closes on February 12, 2018 for Executive PGDM at IMI
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before January 20,2018
ICFAI Business School
Admissions Open at ICFAI Business School Apply Now!
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018

Admission Open Now

Following Colleges are accepting applications.


Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online
Get Connected with your Dream College  
Get Connected with your Dream College

Thank you

Get Connected with your Dream College
View More

Thank you