Category: Markets
Special Economic Zone, Special Economic Zone India
The special economic zones in India were established with a view to bring expertise for the country’s exports sector. For this a policy was introduced on 01.04.2006. As to these policies, the Government has set up SEZ’s in the public, private, joint sector or by State Governments. In this regard some of the existing Export processing zones were converted in to Special economic zones.
Richest nations (per capita GDP)
Gross domestic product (GDP) may be defined as the currency value of all goods and services produced in an economy within a given time period. GDP is the sum of consumption expenditure [C], total private investments [I], government spending [G], and net exports[X-M], where ‘X’ is total exports and ‘M’ total imports. GDP is the most widely used measurement of economic performance. Numerically,
Indo-USA Trade Relation, Recent Development In India USA Trade Relations, Economy Of USA, World Economy
Economic Reforms introduced since 1991 have radically changed the course of the Indian economy and led to better growth rates, higher investment and trade flows and accelerated decline in income poverty. The effects of these reforms on trade and investment relations with the United States have been profound.
TRADE
Katrina’s Impact on the US Economy
Hurricane Katrina devastated New Orleans and the Gulf Coast and will pound the U.S. economy with higher energy prices, commodity shortages–and even steeper coffee prices.
Worse, the storm may blast inflation throughout the economy.
Storm damage is estimated at $40 billion, including $26 billion covered by insurance–the largest payout ever.
Poorest Nations (per capita)
As per per capita income, poorest nations of the world basically represent underdeveloped nations. These countries account for a low Gross Domestic Product (GDP) as compared to that of the developed and developing countries of the world.
