write a brief note on the present economic scenario of the world
Answers
➪With an improvement in the economic scenario, there have been investments across various sectors of the economy. The mergers and acquisition (M&A) activity in India stood at US$ 28 billion in 2019, while private equity (PE) deals reached US$ 48 billion. Some of the important recent developments in Indian economy are as follows:
☞︎︎︎Merchandise export and import (in US$ terms) declined by 4.8 per cent and 9.1 per cent, respectively, in 2019-20.
☞︎︎︎Nikkei India Manufacturing Purchasing Managers’ Index (PMI) stood at 30.8 in May 2020, showing contraction in the sector because of coronavirus-related restrictions.
☞︎︎︎Gross tax revenue stood at Rs 15.04 lakh crore (US$ 215.28 billion) in 2019-20 – income tax collection contributed Rs 4.80 lakh crore (US$ 68.14 billion) to it..
☞︎︎︎In 2019, companies in India raised around US$ 2.5 billion through 17 initial public offers (IPO).
☞︎︎︎India's Foreign Direct Investment (FDI) equity inflow reached US$ 469.99 billion between April 2000 to March 2020, with maximum contribution from services, computer software and hardware, telecommunications, construction, trading, and automobiles.
☞︎︎︎India’s Index of Industrial Production (IIP) for 2019-20 stood at 129.2.
☞︎︎︎The combined index of eight core industries stood at 137 in March 2020. Its cumulative growth was 0.6 per cent in 2019-20.
☞︎︎︎Consumer Price Index (CPI) – Combined inflation was 5.9 per cent in March 2020 as compared to 6.6 per cent in February 2020. The annual consumer price inflation increased to 4.8 per cent in 2019-20 from 3.4 per cent in 2018-19.
☞︎︎︎Around 12 million jobs in a year were created in India during 2015-19.
☞︎︎︎India improved its ranking in World Bank's Doing Business Report by 14 spots over last year and was ranked 63 among 190 countries in the 2020 edition of the report.
☞︎︎︎India is expected to have 100,000 start-ups by 2025, which will create employment for 3.25 million people and generate US$ 500 billion in value as per Mr T V Mohan Das Pai, Chairman, Manipal Global Education.
Answer :
The world economy or global economy is the economy of all humans of the world , considered as the international exchange of goods and services that is expressed in monetary units of account . In some contexts, the two terms are distinct " international " or " global economy being measured separately and disginushed from national economies while the " world economy " is simply an aggragate of the separate countries measurements