NOLEGEIN- Journal of Entrepreneurship Planning, Development and Management

India’s Trade Balance Deficit: A Study with Reference to India’s Top Foreign Trade Business Partners

Ashwin Gedam — 2024-03-20

India is the one of largest economy in the world based on nominal GDP estimates. Foreign trade in India is not new and it can date back to as old as 4^th century BCE in western Tamil Nadu. Foreign trade not only brings foreign reserves in India, but it also has many benefits like optimal use of natural resources, access to diverse goods and services, market expansion and economic growth, cultural exchange and social development, poverty reduction, tourism promotion, etc. However, there has been a significant negative balance of payments in recent years. A country is said to have a negative balance of payments if its imports exceed its exports. There are many reasons for this issue, apart from more imports and less exports, reasons such as shortage of exportable products, lack of competitive strength, inadequate institutional arrangements, domestic inflation, recessionary tendencies in global market, etc. are few reasons to count. India does foreign trade with many countries, but this paper has covered the top trade partners of India with whom India does majority of its business. Our country is facing such issues since many years, the present paper has made an earnest attempt to study the trade balance deficit reason over a period of last ten years while studying the trade business with top trade partners. This paper can give readers an overview on how import and export manipulate economic conditions in India and why it is important for its citizens.

Fostering Student’s Mindset for Innovation in India

Sonal Ronak Shah — 2024-02-28

India, currently the fastest growing economy globally and ranked as the 6th most powerful nation, boasts a population of 1.4 billion, predominantly youthful with an average age of 28 years. Leveraging this demographic dividend demands harnessing the power of innovation and technology among its youth to propel entrepreneurship and elevate the nation's global standing. With ambitious targets such as achieving a USD 5 trillion economy by (2030), India's focus lies on inclusive growth, digital economy promotion, energy transition, investments, and innovation. This paper explores the pivotal role of innovation and technology in fostering successful startups, thereby catalyzing national growth. Through secondary data analysis, the study underscores the significance of startups, strategies to instill an industrial mindset among students, key opportunities, attributes conducive to startup success, and governmental support schemes aimed at nurturing entrepreneurial endeavors. This essay explores the critical role that innovation and technology play in fostering prosperous businesses and promoting economic growth at the federal level. Through the use of secondary data analysis, the research highlights the vital role that startups play, outlines methods for helping students develop an industrial mindset, clarifies important opportunities, pinpoints characteristics that contribute to startup success, and looks at government initiatives to support entrepreneurship.

Understanding The New Education Policy 2020 - What Does It Mean for India

Pushpendra k kushwaha — 2024-02-20

The new Education Policy (2021) is a significant step towards upgrading India's education system for the 21st century and ensuring that the students of the country have the information and skills necessary to compete effectively in the global economy. The policy that the government has outlined outlines a comprehensive framework that will help create an environment where students have access to the best educational opportunities, teachers are empowered and motivated, and innovation and research are encouraged. This environment will help create an environment where students will have access to the best educational opportunities. This paper explored educational opportunities and its scenario of Impact on the education in India. Through the provision of a comprehensive framework, the government aims to cultivate an atmosphere in which all individuals may access high-quality education, educators are granted agency, and creativity is promoted. This study examines how these educational reforms may affect educational possibilities and the larger socioeconomic environment as it digs into the effects of these changes on the Indian educational system. This research provides insights into how these changes may affect the future of education in India through an analysis of the policy's main components and the difficulties associated with putting them into practice. Through an analysis of the advantages and disadvantages of the New Education Policy (2021), this study adds to the current conversation on educational reform and advancement in India.

Factors That Affect an Individual to Become an Entrepreneur

Ahmadullah Ahmadzai — 2024-02-20

The process of identifying chances to develop a new method, product, or service and locating the resources needed to take advantage of the opportunity to improve people's lives is what defines entrepreneurship. Either a team or an individual may do this. A predisposition for taking risks, inventiveness, proactivity, and originality are characteristics of effective entrepreneurs. Various elements, including team member qualities, team leadership, and demographic and informational diversity, impact the productivity of entrepreneurial teams. Strong interpersonal ties and common objectives are the ideal environment for entrepreneurial teams to thrive. This study uses comparative qualitative research methodologies to present some deep and comprehensive insights on the traits, qualities, and essential aspects of individual entrepreneurs. Therefore, the values developed by the social, economic, and cultural components of being a self-employed individual help to form the entrepreneurial abilities necessary to pursue new ventures. In summary, it is likely possible to categorize a group of abilities as entrepreneurial skills that are different from other leadership and management abilities. The values that are developed by social, economic, and cultural experiences mold the entrepreneurial skills required to launch new businesses. To put it briefly, entrepreneurial skills are a special combination of talents that distinguish them apart from typical leadership and management capabilities. This emphasizes how crucial it is to comprehend and develop these skills in order to succeed as an entrepreneur.

Voice Search Revolution: Optimizing Your Strategy for The Vocal Era

Nasika Lakshmi — 2024-02-18

The study explores the evolving landscape of voice search and its impact on modern business strategies. Voice-activated gadgets and virtual assistants are becoming necessities in everyday life; therefore, businesses need to change their strategies to stay competitive. The study examines into real world examples, such as Amazon, Google, Domino's Pizza, Apple, and Microsoft, showcasing how these entities have successfully optimized their strategies for the vocal era. Businesses may obtain a competitive advantage by proactively embracing and optimizing for voice search. By examining their initiatives, businesses can obtain insights into the practical implementation of voice search optimization and understand its significance in enhancing customer experiences and staying at the forefront of technological advancements. Voice search features have improved with advances in artificial intelligence and natural language processing. Businesses need to grasp the intricacies of these technologies to stay competitive and relevant in an increasingly tech driven market. Through a meticulous examination of real-world examples and a focus on practical applications, the study endeavours to equip businesses with the knowledge and strategies necessary to excel in the vocal era. Different industries may experience varied impacts from the rise of voice search. The purpose of this study is to offer industry-specific insights so that companies may customize their strategies to meet the needs and features of their respective industries.

Employee-Employer Relationships in The Service Sector Are Affected by Employee Empowerment Within an Organization.

Varshini — 2024-01-30

The purpose of this research is to look at the effect of employee empowerment on the relationship between organizations and their employees in the service industry. Employees that are empowered are more engaged with the organizations, which Leads to higher job satisfaction, commitment, and loyalty. Furthermore, such empowered individuals were found to be more inclined to exercise their own initiative and think creatively in order to solve customer problems and create chances for Innovations which may result in better service, improves loyalty, and had a better overall experience. Overall, the objective of this study is to investigate how employee empowerment affects the employee-employer relationship in the workplace. Specifically, the study seeks to understand the factors that lead to an empowered workplace and the ways in which these factors can have positive and negative impact on employee relationships. The research design is completed on primary and secondary data were collected using a structured questionnaire with independent and dependent variable, and the data was analyzed in PSPP software using correlation, regression, and chi-square statistical methods. The population was limited to 100.responses and the sample size received 104 for this study. The study aims to examine how employee empowerment affects team dynamics, job satisfaction, and employee performance as well as the implications for organizations in the implementation of such initiatives. It is expected that this research will provide valuable insights into how employee empowerment can benefit workplace relationships and motivate employees towards job satisfaction and performance