Group items tagged

India is a highly competitive market with some of the lowest rates in the world, and penetration of all market sectors is growing. This sector is considered to be the closest to achieving 'perfect competition' in an economy. This article expresses doubts about the opportunities for mobile virtual network operators in such a market.

This article is about India cautioning the developed world against protectionist methods that prevent developing nations from engaging in specialization and taking advantage of comparative advantage.

This article addresses the various interest rates that the Reserve Bank of India is currently dealing with. As of now, most banks have said that "they are unlikely to raise interest rates in the immediate future." However, in dealing with the global recession, many changes are necessary and unavoidable.

This article is about India President's pledge to lower corruption. It talks about how corruption has made India's rapid economic growth less attractive to foreign investors, which is needed for increased economic growth and development.

Air India has lost over a billion dollars in the past year because the current recession has reduced air traffic, and thus profits. This is an example of a market without pure competition, because the firm and others in the industry are losing so much money.

This article talks about Ford Motor's involvement in the auto market. The article cites statistics showing that sales are falling, which means that the demand is elastic. The attempt to sell cars for a low price in India also shows that the demand for cars is elastic, as people are not willing to pay a high price for them.

The Tea Board of India announced that they will set up a tea quality testing laboratory top control export quality of brew and inspect if it meets international quality and safety standards.

This article talks about developing countries, such as China and India, wanting to join in free trade with more developed countries in Europe and the US.

India's Supreme Court has said that the practice of illegal funnelling of wealth overseas by Indians is a "pure and simple theft of national money".