Current State of the Indian Economy Research Paper

Current State of the Indian Economy - Research Paper Example The country focused on fulfilling the local demand and through the process was able to recover from the economic crises (CIA, 2013). CPI (Cost Price Index): Year Average CPI 1970 5.09% 1971 3.07% 1972 6.43% 1973 16.79% 1974 28.52% 1975 6.62% 1976 -7.57% 1977 8.31% 1978 2.54% 1979 6.23% 1980 11.38% 1981 13.11% 1982 7.93% 1983 11.83% 1984 8.43% 1985 5.55% 1986 8.72% 1987 8.79% 1988 9.39% 1989 7.11% 1990 8.92% 1991 13.88% 1992 11.88% 1993 6.31% 1994 10.24% 1995 10.22% 1996 8.98% 1997 7.25% 1998 13.17% 1999 4.84% 2000 4.02% 2001 3.77% 2002 4.31% 2003 3.81% 2004 3.77% 2005 4.25% 2006 5.79% 2007 6.39% 2008 8.32% 2009 10.83% 2010 12.11% (Inflation.eu, 2013) Inflation rate of the country has varied since 1970s. As seen in the graph the CPI value was the highest in the year of 1974 and was the lowest in 1976. The reason for such a dramatic increase in the country’s CPI value was mainly due to the 1971 conflict of the country with its neighboring country Pakistan. As a result of the war inflation rate in the two countries significantly increased. The same reason can be given for the dramatic decrease in the inflation rate during the time period of May 1976 (The Economist, 2012). The country’s CPI is considered one of the highest in the world and is also considered as the second highest amongst the major economic countries. Inflation has been one of the major concerns of the country with the government trying to develop reforms to manage inflation rates within the country. Prices of goods consumed on a daily basis have significantly increased over the years. With the continuous rise in inflation of the country many experts fear that high inflation rates within the country might lead to a wage spiral within the country (The...This paper offers a comprehensive review of the recent developments in the Indian economy, which is regarded by many economists as a country with a huge growth potential. In order to become one of the leading economic superpower, the cou ntry has to overcome a number of hurdles. These obstacles are complicated and initiatives are needed by the government, industrialists and people alike to work for the progress of the country. The GDP of the country has remained constant over the years with little or no fluctuations occurring. The GDP of the country has seen a sharp increase in recent times mainly due to the measures taken by the government of the country. These measures helped India overcome the economic crisis Cost Price Index of the country has varied over the years with the highest and lowest CPI rates occurring within two years of each other. Inflation has been one of the greatest challenges that the country has to face. With a constant rise in the inflation rates basic commodities within the country are becoming more and more expensive. The government of the country is trying to implement measures that would control inflation rate within the country. Unemployment is a hurdle in the country’s progress. The recent financial crisis have left a large population of the country unemployed. Job opportunities within the country are hard to find and the job creation rate is also on the decline. The government is trying to bring investment back into the country to help job creation within the country.

Assessment Management Case Study Example | Topics and Well Written Essays - 1000 words

Assessment Management - Case Study Example Initially when application deployment used to take place in most companies, the process was a long, tedious and expensive one. Not only would it consume a lot of resource, it could also take years and end up producing unsatisfactory results. Instead, today more and more companies are opting for software as a service option. There are various other benefits of using the SAAS model. It ensures accuracy of data and information recorded and conveyed around. Because, the responsibility of the application is outside the company it alleviates the management of the need for more corporate applications. (Laudon K) While the companies benefit from low cost of implementation of this model, there are some disadvantages that vendors might face. First of all the investment of the vendor can be heavy. He has to build an entire network infrastructure through which the application has to be hosted and delivered. He will also have to ensure that the application is available at all times, it is secure and ensure privacy of customer related information and lastly, ensuring that users have access to latest releases of the software. These aforementioned issues and their solutions are not only time consuming but also costly. Q2: What are some of the challenges facing Salesforce as it continues its growth? How well will it be able to meet those challenges? Sales force faces many challenges. The biggest challenge for the company comes in the form of its competitors. It has to counter the influence of its competitors who are on prying Sales force’s success and trying to replicate it. Some of the bigwigs in the industry who have tried their hands at it include Microsoft, SAP and Oracle. Each of the aforementioned companies has taken out their own subscription based models of the CRM. Then there are smaller companies like Net Suite who have also tried their hands in this market. Industry analysts have already predicted that Microsoft could deride the sales of Salesforce but provide them stiff competition through their available on-demand CRM product. This is because Microsoft has an already established customer base and it would be offering the product at half the price of Salesforce.com. The second challenge that confronts Salesforce is expansion into new areas. It needs to explore and develop business products for other areas as well. The third challenge that Sales force faces is availability. The success of Salesforce depends on its ability to satiate its customers by ensuring that the software is available at all times i.e. 24*7. It will be quite a challenge ensuring that the software is available at all times. Salesforce is keen on countering the challenges it is faced with. It has partnered with Google Apps and is using its services of Gmail, Google docs; Google Talk and Google Calendar to assist its customers accomplish more tasks through the internet. The partnership is also going to act as a buffer to counter Microsoft and both companies are hopeful that it will further galvanize the growth of this on demand software. Another big step to counter challenges is the introduction of Force.com application through which its customers can download above 800 software applications. Qs 3: What kind of businesses could benefit from switching to Salesforce and why? Small and Medium line business can draw a lot of benefits and advantages from switching to Salesforce. This is because these businesses have a huge dearth of resources, capital and