Globalization Archives

DMPQ- India’s Pharma sector has played very significant role in making it the pharmacy of the world, but it still lacks in innovation and research and development. Suggest some measures to improve India’s Pharma sector.

The Indian pharma industry operates at scale, and we are leaders in the global generic world. The Indian pharmaceutical market is estimated at $40 billion and pharma companies export another $20 billion. However, this is a miniscule portion of the $1.27-trillion global pharmaceutical market. India ranks third worldwide for pharmaceutical production by volume, but only … Read more

DMPQ- . Discuss how PLI scheme for Textile Sector is going to boost India’s Textile Sector.

The Indian textile and apparel sector, with $37 billion exports and $85 billion domestic consumption, is one of the largest employers in the country. Every $1 billion additional exports in apparel manufacturing can create 1.5 lakh new jobs. If we capitalise on the current China-plus-One opportunity, Indian exports will grow in double digits for the … Read more

DMPQ-Discuss the future of globalization amid the pandemic crisis.

. The rise of the liberal international order has been a major factor in the growing movement of people across borders, whether for purposes of supply chains and distribution networks, international finance and the flow of money, employment, study or tourism. But this globalization has also allowed the entire world to be much more aware … Read more

DMPQ-Explain how exchange Rate and Purchasing Power Parity effect each other.

Exchange rates in the ideal sense be a reflection of differences in purchasing power of economies on account of various factors. However, this is true only if the entire global world had free trade, without any restrictions, ability of goods to move across geographies without any hindrance, similar like a bird flying, ability to reach … Read more

DMPQ- . Throw light on the implications of rupee depreciation on Indian economy.

. First, India’s imports comprises of essentials such as crude petroleum, machineries and fertilizers which become expensive raising their prices facilitating ‘import’ of inflation. India is very susceptible to a stubborn and sticky inflation. It hurts the masses in terms of across the board higher prices. All imports become expensive including raw materials, goods and … Read more