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Public sector banks, from State Bank of India to Allahabad Bank, will hire as many as 56,500 people in the next six months in the highest ever recruitment drive by the industry in more than a decade as business grows and the threat of new banks looms as the Reserve Bank of India plans to issue new licences soon. The recruitments by more than a dozen banks will be 30% higher than last year's numbers as hopes of business cycle turning for the better grow, bankers said.

This article talks about the Indian Private Sector Banks planning to hire more than 56500 people to work for them in the next 6 months, essentially creating 56500 jobs. It would be the highest recruitment of jobs in more than a decade and would help solve the economic crisis. It states that the recruitments by more than a dozen banks will be higher 30% higher than last years. What we can see here is the trough of the business cycle where the economy cannot get any worse, so therefore it will improve. India made the important leap of changing from the contraction area of the curve to the expansion area where Real GDP will grow !

This is a rather intersting article as it shows us how the industry in India is growing and how this has given jobs to that incredible amount of people. I agree with your point that the economy can't get any worse, thus there will be improvements when it reaches a certain point and therefore the real GDP wil grow.

I found this article very interesting, it relates to Green GDP. The Indian government is aiming to use natural resources, and fight global warming, India is one of the most affected countries due to global warming. India's stand in the fight against global warming will let them be in a better position on negotiations about cutting emissions by an average of 5 percent below 1990 levels by 2008-12 which take place in Denmark. India has no obligations to actually reduce emission as it is still a developing countries and as it says in the article it is a "proof of its sincerity in fighting climate change". The Indian governmen t will even consider their Green GDP as part of their economic growth. This won't be an easy challenge for India though due to millions of people living in poverty and having to burn fossil fuels so their lives improve.

It's a nice article about the consumption in India. The consumption do durable and non-durable goods in India is decreasing at the same time as the inflation is increasing. The value of money is not the same as it was before, so the consumer can't buy the same quantity of products and this reduce the output of the consumers. The interest rates are relatively high so the households prefer to save money at a higher interest rate than loan money from the bank. The decrease of the consumption is real problem for the industrial production, according to the author I think that lower interest rates and reform measures may be able to revive the consumption. Also in my opinion the government should think about new monetary policies to reduce the inflation because the inflation at 10.8% is a serious problem.

This article talks about how Indias consumption is straining. Since the inflation is so high at a level of 10.8% the money has begun to lose its value and therefore the consumption of durable and non-durable goods has decreased as we can see in the article by 8.2% and 1.4%. Causingg the production to decrease by 0.6% further more making the economy suffer more. Although in the article it states that low interest rates and reform measure might be able to increase the consumption of the economy and therefore decrease the already hight inflation rate.

NEW DELHI: India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and United States, according to London-based economic consultancy Cebr. As per Cebr's World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.

The trading bloc presents in the article is the ASEAN trading bloc, which includes 10 nations. India and ASEAN are negotiating on a free trade agreement on services and investments. However, some nations of the ASEAN have not agreed on the agreement. The agreement, if implemented, will help boost movement of Indian professionals in the ASEAN region and it will increase more investments in services sector. This article is a great example of a trading bloc and how nations that are a part of the trading bloc must agree on an agreements. Here, India is not negotiating with all 10 nations instead of just one. Combining all nations help strengthen all nations economically.

This is an interesting article as it sheds some light on the hindrances on forming a trade union. There is a discrepancy between the wants of both party. The EU asks for lower tariffs on automobiles, wines and also higher FDI, yet India demands greater access for Indian professionals in markets of the member countries.

This is an article which states the drug is now under the price control of the government. But according to it, there would be non-price control for medicine/drug options as well. It also says that the task force will serve as a framework for the new drug pricing policy. Since the government thinks that price controlling system doesn't really work for this kind of product, the drug makes are really looking forward to the new pricing policy.

The government of India has decided to remove the price control that it had earlier set. They have come to the conclusion that having a price control will make the drug companies not sell non profitable products.

This article talks about how the recovery in the economic growth in India has weakened after three months of straight-increase, however the economic growth of India remains positive. This situation has been manly caused by the fact that there has been a slowdown in consumer sectors and investor demand and mantaining the confidence for these two would be essential to ensure a sustained economic growth. The BluFin Business Cycle Indicator (BCI), aims to meet everthing of the business cycle, and took into account five areas -- capital markets, foreign trade, policy, real economy and survey to determine and measure this situation

This summer I've been in India, and it's one of the reasons why I found this article interesting. The humidity level in India is incredible high, you easily can feel that when you are outside of the room that has conditioner. But despite the amount of humidity, Indian nation has that huge problem with water. I didn't see Indians using water too much, that's why it seems weird to me that Indians can have scarce of water. Thus after that article I noted how often we hear about water scarcity. Last year I heard about the disturbance of ecosystem of one of the rivers (because of the producing electricity) here in Idaho. So I think it is topic that we hear everyday, but most of us hear, but don't listen. I hope this little article will draw your attention to the water, as it did to me, and you will begin to think and care about scarcity of not only water, but scarce of other things that are habitual for us, that we don't even think that they might be finite.

As all of us know, our world's population is increasing at a rapid rate. They predict that in 2025, there will be 1 more billion people on earth than their are today. So on average, they are predicting that there will be an increase in population of about 80 million people a year. Our resources that we have right now are already scarce, so it will only get tougher. Reporters say the 3 nations that will be most in need of more water will be China, India, and USA due to population growth, increasing irrigation and economic growth. Reporters also say that the amount of extra water needed is equivalent to 20 Nile Rivers. Failure to find the needed extra water could result in great conflicts over water. Also, with climate change (global warming) this will decrease the amount of available freshwater. Furthermore, the water needs to be sanitized to avoid diseases and sickness being spread. The report said that this could cost up to an extra 11 billion dollars a year. I chose this article because it is clearly related to scarcity and is growing concern in our world that needs to be looked at. 2025 is not very far away, and we need to come up with ideas for producing extra, clean water.

This is an excellent article from The Telegraph that sheds some light on the possible creation of the world's largest trading bloc. This bloc would include the removal of trade barriers between the U.S., Great Britain, and all of the E.U., and would be of incredible importance and power given that this new trade relationship could strengthen all nations involved in order to rival the growth of nations like China and India. 

EU and US economies account for nearly half of the world's economic output and a third of global trade, meaning that a transatlantic free-trade bloc would hold great sway over emerging economic superpowers China, Brazil and India.

In this article the author talks about the slow down in the economic growth of 16 leading emerging markets. Earlier compare to the Eurozone countries, UK and the US, the economic growth of those 16 countries was far higher. After this short period of stagnation, the world economists ask whether the growth, which depends a lot on exports, will increase or not. It weather will "wobble along, buffeted by worries in the developed world"; or temporary stop and then "bring back the days of the strong growth". Right now, the world economy is in the state of the recovery, in the past it went through the recession that started in 2008 and the trough. The fall in indicators mostly stopped, and the economic health very slowly continues to recover from the past.

"The index covers 16 leading emerging markets, including India, Brazil and China, which all saw their rate of growth fall. Rates of economic growth in these countries have been far higher than in developed nations, often coming in at about 10% a year." I think that the author is trying to say that Brazil in China have the highest rates of economic growth and not UK and the US. The exports in these two countries are very important; China is the country which more products export in the world. Their economic growth is slowing because of the recession in the other counties where the consumption has decrease and the people try to save money so the imports of products from China is not so high as it would be in a period of economic growth in all the world. I think that only in few countries the economy started to recover from the recession, in most of the economies are in stagnation. This suggest us the probably the worst part of the recession is behind us and the economies will start to recover, however these fluctuations in economic activity do not follow a mechanical or predictable periodic pattern so we can´t be sure when the recovery will start.

In the article author describes the world trade between the countries - exports. Exports are one of the four components of GDP. In comparison to the 2011, the exports in 12 largest countries declined in 2012. Only US, China and Canada had an insignificant growth last year. Declining incomes are the main reason for low consumption, consumers keep purchasing less imports. Author also considers difference between exports in 2008 and 2012. German exports fell by three percent, while Indian exports were 50 percent higher. It is a huge difference, but if one remembers the reasons for changes in net exports from the chapter 14, it is not that serious. The last reason was the difference in inflation, i.e. "if inflation in the US were relatively higher than in Canada then US goods would be less competitive in Canada and may reduce the export revenues which the US earns from its exports to Canada. " Thus, looking at India and Germany this difference in growth is justified.

This article shows how developing countries are improving their development.

Brazil's central bank announced a $60 billion program on Thursday aimed at halting the slide of the Brazilian real, making Brazil the latest emerging economy to seek to prop up its sagging currency. Similar moves have been made by central banks in Indonesia and Turkey. I chose this article because it covers one of the most important aspects of foreign currency, which is the depreciation of it. The consequences of having a weak currency could be severe, as the value decreases in comparison with other currencies, for example Euros, therefore it will take more Brazilian Reals to buy Euros (1 Euro= 2.98804259 Brazilian Reals). In this case this depreciation of the currency has led to some action from the Central Bank in order to boost up the value of the currency. This does not only affect Brazil, it also happens to other emergent economies such as India.