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Indian Economy Poised for Growth

The Indian economy, for long, had been in a limbo. While many had termed the Indian economy as a sleeping giant, many others had doubted the country’s capability as an emerging economic power. The reasons were myriad. The economy of India was mired in poverty and various other problems that were detrimental to its growth.

For years, the economic growth of India was much subdued. Most of the big companies of the country were owned by the government. This was mostly because of the fact that the country was ruled by the Congress government for most of the years following independence in 1947. Congress was a party that was known for its socialist tilt. As a result it preferred the state to wrest control over most of the manufacturing and production companies. These companies were known as public sector undertakings (PSUs) and usually a bureaucrat was appointed at the helm of all affairs.

All that changed dramatically in 1991 when the economy of India was thrown open to foreign investors and entrepreneurs. This marked the entry of multi-national companies, popularly known as MNCs in the Indian economy. It was the Congress government that ushered in the change, in a marked deviation from its largely socialist policy.

Today, India is one of the four emerging economies of the world, the other three being China, Russia and Brazil. The GDP of the Indian economy is poised to beat all expectations and predictions for 2013. Experts are of the opinion that the economy of India would exceed all expectations in the next year. There are signs that the policymakers of the Indian economy are about to spring some surprises.

The economy of India is still one of the most intricate of the four emerging economies. The country’s demographics lend it the possibility to garner the best GDP growth rate. The experts, at the same time, have cautioned about the country’s inability or reluctance to introduce effective policy changes. This has remained a persistent source of disappointment. But the experts are upbeat about the prospects of the economy of India. The capital markets are something to be really excited about, they have remarked.

Studies by several research groups on Indian economy have revealed that inflation is already showing a downward trend and is expected to reduce in the fourth quarter of the current fiscal i.e. January-March, 2013. As the government announces the mid-quarter policy for the economy later in December, 2012, the growth-inflation trajectory would be factored in and the monetary policy would be calibrated accordingly.

The GDP of the economy of India was 5.5 per cent in April-June quarter of the 2012-12 fiscal as against 6.7 per cent during the July-September in the 2011-12 fiscal. But that’s expected to be bettered in the next quarter, experts have predicted.

The Economy of India: An Overview

India, traditionally, has been a predominantly agrarian economy and gradually embraced an open market economic policy when it opened up to global competition in 1991. The Indian economy has taken a quantum leap from thereon and is today identified by mostly free market exchange, investment by foreign companies and liberalized foreign trade.

A significant shift in the economy of India has been observed since the 1990s regarding external trade regulations and investment strategies. Of late, India has emerged as an economic power not only in South Asia but over the world as well. Several economists have predicted that the Indian economy would be a major force to reckon with in the coming decades.

Over the last three decades, the agro-based economy of India has made the way for a market-driven economy with enough investment opportunities in retail, finance, telecommunications, insurance, infrastructure, information technology, manufacturing and others. Besides, significant improvement has been noticed in the human capital index of the country with more skilled workers finding employment.

The Indian economy is among the top five countries with regard to purchasing power parity (PPP). In the 2010-11 fiscal, the PPP of the economy of India was $4.06 trillion and $1.54 trillion as per the official exchange rate. The GDP of the Indian economy also grew in double digit with the dominance of the tertiary or the service sector. This is evident from the fact that this sector contributes 55.3 per cent of the GDP in the 2010-11 fiscal as against 28.6 per cent of the manufacturing sector and 16.1 per cent of the agricultural sector. However, of the total workforce of the economy of India, the agricultural sector employs 52 per cent of the total labour.

The Indian economy is one of the leading food grains producers of the world. Wheat and rice are the two most important crops of the country. Millets and maize are also produced in enough numbers and oilseeds and lentils also make a substantial contribution to the economy of India. Tea, jute, cotton and sugarcane are the four most important cash crops for the country. India, again, is the forerunner in the production of all these crops.

Among the industries, chemicals, textiles, ship building, steel and engineering goods are the traditional large-scale industries. Other than these, cement, petrochemicals, pharmaceuticals and automobiles have emerged as the sunrise sectors of the economy of India. Because of the huge buying power of the people, the Indian economy has grown as a major investment destination for both international and domestic entrepreneurs and investors. The country mostly imports crude oil, chemicals, fertilizers etc. Over the years, the imports have decreased and exports have increased. This is an indicator that the economy of India is pursuing a healthy growth trajectory.

Central Banks and Global Crises – Who Really Controls the Global Economy?

The worldwide credit crisis that began with the collapse of the housing market in the United States in 2008 was just one of many crises that central banks and other financial authorities have had to deal with during the first part of the 21st century.

But the enormity of the 2008 financial collapse required government and central bank intervention never before seen in the global economy. After Lehman Brothers, one of America’s biggest investment banks, was allowed to go bankrupt, the Federal Reserve was required to bail out AIG, the world’s largest insurance company. The $85 billion bailout was, until then, the biggest bailout in American economic history.

When banks began failing across the globe- primarily because of bad investments in U.S. subprime securities, but also because of the freeze in interbank lending- it was clear that a full- blown worldwide crisis had arrived. Stock market declines of more than 50% in some countries presaged a global economic meltdown. The concerted action of the world’s central banks, including the U.S. Federal Reserve, the Bank of England, the European Central Bank, and the Bank of Japan, helped calm things down for a while. But when countries began failing-Iceland and the Ukraine were the first of many national economies that had to be bailed out- it was clear that the fallout of the 2008 crisis would last for years to come.

The key to finding the right solution to economic crises is to somehow solve the immediate problem without making things worse in the future. Some say that the reaction of the Fed to the meltdown of the dot- com sector at the end of the 20th century- increased liquidity and drastically lower interest rates- set the stage for the meltdown of financial markets several years later, with massive defaults of mortgage holders who probably shouldn’t have been given home loans to start with, but were lured in by artificially low interest rates. The result was a recession that was much worse than that which the central bank was trying to avoid.

Just as the speed of an engine is regulated by its fuel supply, a country’s economy is controlled by regulating its money supply- and each country’s monetary policy is the responsibility of its central bank. In Britain, it’s the Bank of England; in Switzerland, it’s The Swiss National Bank; in the United States, it’s the Federal Reserve; in the euro zone countries, it’s the European Central Bank; and in Japan, it’s the Bank of Japan. These quasi- public institutions are set up by governments, but are then given the independence needed to keep an economy under control without undue interference from dabbling politicians. Despite the tendency of the media to concentrate on the latest economic statistic, there is no one single indicator that tells us how fast an economy is growing- or if that growth will lead to inflation down the road. And, unfortunately, there is no way to know how quickly an economy will respond to changes in monetary policy. If a country’s central bank allows the economy to expand too rapidly- by keeping too much money in circulation, for example- it may cause “bubbles” and inflation. If it slows down the economy too much, an economic recession can result, bringing financial turmoil and rampant unemployment.

Central bankers, therefore, need to be prescient- and extremely careful- keeping one eye on inflation, which is the product of an overheating economy, and one eye on unemployment, which is the product of a slowing economy. In the 21st century economy, however, regulating money supply has become a much more difficult task. With the amount of capital flowing around the world dwarfing many countries’ money supplies, it’s almost impossible to know with certainty what the effect of any monetary decision will have on a local economy-let alone on the world.

Inflation and unemployment have become the yin and the yang of the 21st- century economy. When one rises, the other tends to fall. Although neither is perceived as good, in recent years, inflation has become the dominant preoccupation of economic decision makers. It used to be that reports of a surging economy brought euphoria to the markets. If factories and businesses were producing at full capacity and everyone had a job, the markets would greet the news with approval, confident that in a booming economy, everyone would be better off. However, after the severe inflation scares of the past decades, with prices rising out of control in many countries, leaders realized that an economy growing too quickly can be too much of a good thing. Reduced unemployment means that companies are forced to pay higher wages for scarce workers, and prices of goods and services need to be raised to pay for the increased cost.

In a booming economy, inflation can grow quickly as consumers and businesses begin to compete for increasingly scarce goods and services- and scarcity leads to higher prices. The result is usually a vicious circle of wage and price increases that end up hurting almost everyone- especially those on fixed incomes, who see their buying power decline when prices rise.

The international markets watch each country’s inflation rate carefully- always on the lookout for signs that an economy is stalling or overheating. International investors, including gigantic pension funds, hedge funds, and international banks, move billions and sometime trillions of dollars, pounds, euros, and yen around the world on any given day, looking for the best return on their investment. When a country’s economy looks like it is growing too strongly, and inflation is about to rear its ugly head, international investors can move their money out of an economy at a moment’s notice, preferring to invest their funds in countries with more stable economic growth and low inflation.

Just as a prudent driver keeps an eye on the road ahead, a country’s central bank tries to keep the economy on a steady course. Central bankers need to look at all the economic data, such as factory orders, housing starts, consumer credit, retail sales, manufacturing, construction and employment figures-some of which are leading and some of which are lagging indicators-in an ongoing effort to keep the economy from overheating or sliding into recession.

The Basics of Any Economy

In a traditional economy, how the resources are distributed is predicted by the habits and traditions practised by the society. Here, the Basics of Economy is guided by a pre-determined force and everyone automatically knows where they fit in. Occupations are distributed according to heritage and there is little room for growth and innovation as new ideas are usually scorned and perceived as a threat to a way of life.

In the traditional economy, there is stability and predictability and entrepreneurs are rare thus, the standard of living is significantly low. The government plays a lot of role in the command economy. Instead of allowing tradition and habits to dictate the economy, a central government is elected or appointed to dictate the Basics of Economy. Everybody is then obliged to follow the economic decisions made by the government or their interest groups regardless of their differing or preferred stands.

The Market economy on the other hand is controlled by the forces of demand and supply. What to produce, for whom and needed quantity is all left in the hands of the market, the people. This economy permits growth and change based on the various needs of the consumers. The distribution of wealth in a market economy is often not balanced since it is tallied to the wavering needs of the market forces.

Communism captures the command economy. A central unit owns all and attempts to redistribute the wealth equally to all. The advantages and disadvantages of this approach weigh each other out. Capitalism works well with the market economy, the direction and growth is left to the consumers and business owners. By promoting competitive living, it takes the resources of any society and puts it to good use thereby promoting efficiency and flexibility. A major setback however could be the insensitivity of this type of economy to a balanced distribution of needs.

The Basics of Economy is similar in today’s major economies, most practicing socialism attempt to mix the command and market economies. In this arrangement, a central unit controls essential public demands while non-essential demands are left to compete with the harsh forces of demand and supply. Mixed economies takes the best of all the other economies, combines them in order to meet the demands of any society on a much larger scale.

Do Subjective Reviews of Multi-Level-Marketing Exist?

For newcomers to network marketing or those who are considering switching companies or even joining an additional MLM opportunity, the multilevel selling review is an critical piece of info. The difficulty is to be ready to find a review that’s unprejudiced and objective, although some viewpoints and suggestions might also be helpful. This article references one or two review sites that offer info.

MLM Review Kings run by Brian Garvin and Jeff West offers a great review of many MLM opportunities along with, of course, their top recommendations. You can find the reviews divided up by categories or in alphabetical order on the right-hand side of the default page, as well as a large amount of information that might aid you as a network marketer.

NetworkMarketingReview.net offers a reasonably comprehensive list of MLM corporations that you might want to test out. You can find them all at the left-hand side of the site in alphabetical order along with some other interesting subjects which are pertinent to internet promotion and web marketing in general. Just this one post offers a treasure house of information. Also, its worth noting the overall view of the network marketing industry on this site is kind of negative. OnlineMLM Forum is one such forum as is MLM Forums. There is several web marketing and internet marketing forums which offer some discernment, although it could be rather subjective, into the internet marketing industry.

The network marketing industry always brings up extremely polar views. Some folk are very passionate about it, including top authors like Robert Allen and Robert Kiyosaki. It’s fascinating to notice that the mention of franchises not too long ago would have caused the same kinds of reactions.

Social marketers who are serious about building their firms should be reading and studying about business basics, the most recent sales and marketing methodologies, tactics for networking and business development, for example.

And a multi-level selling review is a handy place to start if you need to find out more about the industry generally as well as be informed about explicit companies.

What People Buy in a Bad Economy

As a sales trainer, I understand a salesperson’s quest for low hanging fruit especially in this economy. That’s why they want to know what people buy in a bad economy. I know they are searching for a list of products but my answer is much more useful.

What do people buy in a bad economy? They buy protection from loss. Our first instinct in a down economy is to preserve and maintain what we already possess. The key is knowing how to structure this message in a sales presentation.

During the sales process, products are presented as a solution to a prospect’s problem. It may be that the product allows a prospect to become more productive or to spend less money. During a strong economy, everyone is looking to do more and to do it faster. However, everything changes in a difficult economy and salespeople need to react to those changes if the expect to succeed in their sales careers.

In a strong economy, salespeople sell the positive side of benefits. They justify a purchasing decision with elaborate Return On Investment calculations. When the economy is growing, companies want to grow along with it. What people buy in a bad economy is quite different.

Understanding What People Buy In A Bad Economy

The fear of further loss is a strong motivator and that’s what people buy in a bad economy. To succeed, a sales message must appeal to that motivator. The sales message must expand from “saving money” to include “stop losing your money”. The sales message must expand from “becoming more productive” to “stop wasting your productivity”. In a troubled economy, the salesperson must “sell” both the negative and positive sides of the benefits. The fear of loss is what people buy in a bad economy. Reacting to this economy, I now include this point in my sales training programs.

I know when sales reps ask me what people buy in a bad economy, they are looking for a new product to sell. I remind to always sell what they know and enjoy. Sales success isn’t product dependent. Sales success depends on delivering the proper message. In this difficult economy, that message must appeal to the fear of further loss. That’s why “stop losing your money” and “stop wasting your productivity” are more effective sales message during this economic period.

What People Buy In A Bad Economy Is Not About A Product

When you want to know what people buy in a bad economy, stop thinking about a product or industry. In a difficult economy, people are searching for protection against further losses.

The fear of loss becomes a much stronger motivator than the desire for gain when the economy is down. Appeal to that motivator and you’ll enjoy great sales success selling any product.

Site Sell Review – Check Out My Review of Site Sell

My writing of this Site Sell Review was prompted by the overwhelming number of positive reviews that I found on the net from people who have used it. There is no other program that comes anywhere close to this program in providing insights on what you need to do to make your internet marketing business successful.

Developed by Dr. Ken Evoy, Site Sell comes in three volumes that guide you on the steps that you need to follow to make your business a real creator of money. Where other programs provide you with the basics of setting up your online business, Site Sell goes further and provides you with detailed information on how to build on the basic steps to make your business truly lucrative.

To achieve continued growth, you are guided on:

–    Strategies of developing a product and how to position it
–    Site development strategies that attract customers
–    Traffic generation strategies.

With Site Sell, one of the biggest headaches that afflict most people venturing into online business is overcome. You are provided with information on how to select products that you can sell quickly to realize a profit so that you do not have to waste your time and energy trying to find out what is feasible and what is not.

Product choice and traffic generation, as I discovered before writing this Site Sell Review, are the biggest hurdles that an internet marketer has to overcome and the course provides 451 pages on how to generate traffic. Traffic generation is key to income generation and could actually make or break a business.

Something else makes the course stand out and motivated me to write this Site Sell Review. The course explains in detail the concept of pre-selling which most other programs do not address. Pre-selling is a marketing strategy that, when properly utilized, will make visitors to your site willing to buy even before they reach your sales page.

The depth of this course puts other internet marketing courses to shame and it is highly recommended for those keen to see their online revenue grow in leaps and bounds.

New MLM Company on Direct Selling Reviewed – Get High Quality Linens and Home Party Consultants

Does it pay to have beautiful, elegant and high quality linens? Is this important to you? For some, I guess, it is really important. Just try to imagine having a newly built luxurious house in your community. The owner of it invited you for a dinner at their eye-catching crib. Eventually, as you enter in the so-called luxurious house, you’re bothered by its environment itself.

What am I trying to point out to you is that, it is important to have a touch of high quality linens and comfort wear for your house. So, before going further, what’s the entire buzz with Private Quarters?

Digging the company history, this direct selling-focused industry was founded last 2004 by Jeff Stroud and Wayne Selness, his partner which is originally from his father’s team up.

Long after Jeff Stroud discovered that in Direct Selling Association, there were no company selling bed and bath linens as its spotlight. This brought him the idea of having born this company, to continue his father’s tradition of selling quality home textiles, which then was sold and in the end closed.

From starting at 10, 000 square foot warehouse from a scratch, servicing a small group of independent consultants who held parties and in-home sales demonstrations at early 2004, to presently operated 50, 000 square foot facility in City of industry, California.

Residing at a fast growing, national business area in California, they are blessed with hundreds of independent PQ Comfort Consultants from different places selling millions of dollars of home textile.

Apart from the company’s history, I love to look at its values and mission, too, because this is where we perceive a company’s solidity in running the business. Mixed them up will create a relationship among the team’s success and future upbringings.

Be comfortable with who you are.

Be comfortable with what you have to share.

Be comfortable with what you have to contribute.

Economic Stimulus Package For Your Personal Economy and Mental Mind Set!

Economy, Weak Economy, Recession, Economic Stimulus Plan, Stimulus Package, Obama’s Stimulus Package, Government Stimulus, Government Bail Out, Bank Bailout, and Auto Industry Bailout! Wait! Stop! Enough! My brain is being overwhelmed by these terms… Are any of these words or phrases the focus of your daily conversations? This is just about all I hear from the moment I wake up until I go to bed and it’s still ringing in my head while I sleep… I turn on the TV and what do you think I see and hear? I turn on the radio; chances are they are talking about the economy. Whenever I am engaged in a conversation it seems something about the economy usually comes up. GEEEEEZ already! Well I guess these are the times we are living in. It’s likely that most of you reading this article have been directly or indirectly affected by the Economic Meltdown, some more than others… And yes, there are always Vultures out there taking advantage of other people’s misfortune.

What can you do about this overabundant mind numbing negative information about our economy? Well you can start by training your mind on the positives. First off, you need to stop talking about the economy in your daily conversations. Yes, the issues are real and you do have to deal with the reality of the effects. I will get into more on that later. Second, how is all this really affecting you and your family? Third, what are you doing to stimulate your own Personal Economy because waiting for the Governments helping hand is not the answer?

First let’s deal with the mind set we are in. You can’t help but feel the world you live in is crumbling around you, that is of course if you’re constantly tuned into, listening or reading the national media channels. Basically, most of what is broadcast they talk about is negative any-ways. That’s what they call News, so there is a big problem! You may already be having a difficult time with life’s issues as it stands, without the need to exacerbate your problems by having to hear about how bad the economy is morning, noon, night, and for some of us while we sleep(economic nightmares). For me personally this indication was very troubling until I came across an article: Economic Stimulus Hypnosis? by Wendy N. Lapidus-Saltz. She gives about ten quality practical things you can do today to improve your personal economy and ease your mind.

You can start by: “What to Tell Yourself in a Weak Economy?”

“Start by getting rid of the words “weak economy.” Replace them with: new economy, modern economy, or an economy that’s re-building, re-starting, re-surging, re-growing, refreshing, refocusing, and recharging itself.” Read more on how to make economizing fun! Stimulate your economics by tickling your mind! Create more for your unique life by recharging your economy and mind.

In addition share this practice with your family, friends and people you associate with. They undoubtedly need a recharge of their personal economy and mind set too. Because the reality of the economy is there, that is, the stock market down day after day, foreclosures are mounting driving housing values down more and more each month, more business’s are closing and reports of more job cuts are frequent. Another thing you can do is don’t listen to any news for a few days or try to limit your current exposure dramatically. Give yourself a break from the news and see what this does for your frame of mind.

Once you have your mental state back in order, you can focus clearly on more practical ways to stimulate your Economy in a pure monetary fashion. That’s what you ultimately want to do right? Remember, you are the one in control of your ultimate financial destiny, not the government! So, continue to exercise with these suggestions and you will be ready for the next step in no time.

In my next article, I will discuss ways you can start to improve your financial situation no matter how bleak it may seem. And no, I will not be talking about some get rich quick scheme. I am sure you have already come across hundred’s of those that just wasted your time and actually ended up costing you money when they were supposed to make you money. So, until next time you have a Great Day and may your Personal Economy be prosperous for you and your family.

The Truth About Selling Your Writing Services Online

The Web offers unlimited opportunities for writers to make money from their writing skills. You can create and write blogs, sell articles, sell reviews and much more. It’s just a matter of getting started and following the simple process I’ll outline for you in this article.

Not a writer? Of course you are. If you’ve been writing email messages and reports for your day job, you qualify as a writer. A writer is just someone who writes.

So let’s look at the truth about selling your writing services online. Here it is in a nutshell: you must have something to sell, and you must have a Web site at which you promote your writing services.

Let’s look at this in four easy steps:

1. You must have a Web site to sell your writing services

If your eyes are rolling up in your head at the scary thought of creating a Web site, relax. There’s nothing scary about creating a blog on Blogger, for example. (Do a Google search for Blogger if you’re not familiar.) A blog is a Web site, and if you can write an email message, or use a word processor, you’ve got all the skills you need to set up a blog on Blogger.

2. Create samples so prospects can see the type of writing services you offer

Your next step is to decide what writing services you’ll offer. As stated, you can write articles and reviews, and these are easy options for you to get your feet wet.

Write a couple of articles and reviews, and post them on Blogger as your writing samples. Your samples should be around 400 words – there’s no need to write long screeds: Web writing tends to be shorter than print writing.

You can also add a “Hire me to write for you” note in the sidebar. This alerts people that you’re open to taking on writing jobs.

3. Add a way for people to contact you on your site

I’m constantly amazed at the number of writers for hire who’ll set up elegant sites and blogs, but totally neglect to mention that they’re available to write for others. Worse, even if a potential customer was psychic, and worked out that this writer was available, there’s no way for the customer to make contact.

Add your email address to your site’s sidebar, and create a “About” page, with a small bio. Add your email address to the bio, too.

When you’re offering your writing services, you must make it as easy as possible for people to both know exactly what you want them to do, and then for them to do it.

Writers are in high demand online, and you’ll be amazed at the numbers of clients who contact you when you make it easy for them to do so.

4. Finally, advertise and promote your site

Your final step in selling your writing services online is to advertise and promote your site. There are endless options for self-promotion online. One of the easiest ways is to advertise on Craigslist, because it’s popular and free.

So that’s the truth about selling your writing services online: you must have something to sell, and your Web site is the venue at which you sell it.