LESSON PLAN - ECONOMICS -EASE OF DOING BUSINESS_INFRASTRUCTURE_CORRELATION_CBSE_KNOWLEDGE

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KEY WORDS

#INFRASTRUCTURE

#HUMAN CAPITAL

#BUSINESS

#LEARNING

#CORRELAATION

#DEBATE

#FDI

#STATE GOVERNANCE

#EASE OF DOING BUSINESS

#GENERAL STUDIES

#GK

#UPSC

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Bibliography-Do visit the various websites for the more detailed information of the topic

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1) Ease of doing business index - Wikipedia

2) Is Ease of Doing Business ranking over-rated? - The Hindu BusinessLine

3) Rankings (doingbusiness.org)

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INTRODUCTION

Q1  What is ease of doing business ranking?

The ease of doing business index is an index created jointly by Simeon Djankov and Gerhard Pohl, two leading economists at the World Bank Group. The academic research for the report was done jointly with professors Oliver Hart and Andrei Shleifer. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.

Q2 Who conducts the ease of doing business index?

World Bank 

Q3 What is the current EODB Index for India?

63

Q4 What position does Narendra Modi wants as the prime minister of India to be our country in the table

Under 50

Q5 Does NITI AAYOG comes out with a state level EODB ranking

Yes

The annual ranking, in 2019, evaluated States on an 80-point check-list of reforms across 12 broad areas.

Q6 Do you think that there exist a correlation between ease of doing business and the flow of Investment

There is hardly any correlation between the ranking and flow of investments. According to Centre for Monitoring Indian Economy (CMIE) data, Tamil Nadu got 15.9 per cent of all investments as of the third quarter of FY21. Its EoDB ranking in 2019 was 14. Maharashtra, which came next with 9.8 per cent share, was ranked 13 and Gujarat with 8.6 per cent was ranked 10 while Karnataka with the same share was 17 in the EoDB pecking order. Andhra Pradesh (AP), which tops the EoDB ranking, got only 6.8 per cent of the investment flow while Uttar Pradesh, ranked second, got 5.3 per cent share and Telangana just 4.3 per cent though ranked third in Ease of Doing Business. 

Q7 Does it stands true for global ranking and investment

India, despite its poor World Bank EoDB ranking of 142 in 2014, was the ninth largest recipient of foreign direct investment (FDI). By 2019, it had dramatically improved its ranking to 63 but it still continued to be ninth in the FDI sweepstakes. 

Q8 What are the factors which are contributing to global investment in India?

Global investors came to India because of its attractiveness as a large market with a burgeoning middle-class and a production cost that was far lower thanQ9  mature economies. 

Q9 Which country topped the FDI inflows

Ans China tops when it comes to FDI flows taking in $141 billion in 2019 despite being ranked 31 while New Zealand, No 1 in the EoDB ranking, managed FDI of just $5.4 billion, a tenth of what India got.

Q10 Why Tamil Nadu topped the flow of investment 

What role does infrastructure plays in the development of FDI

The necessary building blocks. It has good connectivity: three ports near Chennai alone, more than one international airport and a strong road network. It has the necessary eco-system, especially the vendor base. Auto majors such as Ford, Hyundai, Renault, Nissan, Ashok Leyland and BMW, which have set up their manufacturing facilities in and around Chennai, get almost all their supplies from within a 100-kilometre radius of their plants.

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Role of Infrastructure

A top rank without the basic infrastructure — connectivity, strong eco-system, skilled manpower and lower cost of production — is of no use to the investor, domestic or foreign.

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Case Study where the role of infrastructure has played a very important role

Sri City, which was founded in 2008 in one of India’s most backward districts, has now become one of the coveted business destinations in the country with total investments close to 4 billion USD and total exports exceeding 500 million USD till date. Located 55 km north of Chennai, Sri City boasts of seamless connectivity by road, air and sea ports.

Spread over 7500 acres, Sri City includes a multiproduct Special Economic Zone (SEZ), a Domestic Tariff Zone (DTZ), a Free Trade & Warehousing Zone (FTWZ) and an Electronics Manufacturing Cluster. Sri City is home to over 185 companies from 27 countries including multinationals like Kellogg’s, Isuzu, Mondelez, Pepsi, Alstom, Kobelco, Foxconn, Danieli etc.

LINK TO VISIT THE WEBSITE

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http://www.sricity.in/en/why-sri-city/

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Extra work - 

Visit the website and explore the following terms

1) Centre for monitoring Indian Economy

2) Governance Index

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Will be happy to get your valuable feedback

Write to me

pankajbhanwani@gmail.com

Follow me on Instagram

@pankajbhanwani

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file:///C:/Users/PRI-05/Documents/Pankaj/demand%20crosswod.html

Book Review for the book - The economics of small thing

The Economics of Small Things by Sudipta Sarangi (Penguin Books) A book for general reading for everybody to understand the economics in the daily life The stories of people going about their daily behaviour – from the trivial, such as eating (or not eating) the last slice of pizza, proudly displaying a pen in their shirt pocket (or not), to the important, such as selecting a health insurance policy, or, indeed, deciding to wear or not to wear a seat belt – are choices. Behind those choices is “serious economic behaviour”, The author says. This book deals with the ‘invisible hand’ of economics in our everyday life. It features superbly entertaining anecdotes and examples, as well as delicious and accessible explanations, and apparently the desire to spark an interest in economics among those who pick it up. The book demonstrates how our behaviour is impacted by considerations which are avidly studied by economists – that much of our behaviour can be explained and demystified by explanations found in the science of economics. ‘Dismal science?’ Hardly. Link of the book is given below - https://amzn.to/3gbNSZv

Topic Demand Class 11 Micro Economics Worksheet

Name __________________

Topic Demand

Time to be taken 10 minutes

Do write for queries and online tutor 

pankajbhanwani@gmail.com

Follow my Instagram channel @pankajbhanwani for more news articles and updates

Fill in the blanks

 ______________willing and able to buy , at each possible price during a given period of time

 ________ __________ refers to the quantity of a commodity that all consumer is willing and able to buy, at each possible price during a given period of time 

Demand is a function of ________ and can be expressed as D= f(P) 

________________ are those goods which can be used in place of one another foe satisfaction of a particular want 

______________ are those goods which are used together to satisfy a particular want

 If the given commodity is _____________ good then an increase in income leads to rise in the demand

 If the given commodity is _____________ good then an increase in income leads to fall in the demand 

_______________ __________ ____________ refers to the functional relationship between individual demand and the factors affecting individual demand 

_______________ __________ ____________ refers to the functional relationship between market demand and the factors affecting individual demand 

___________ ___________ is a tabular statement showing various quantities of a commodity being demanded at various level of price, during a given period of time 

____ _____ _______ states the inverse relationship between price and quantity demanded keeping other factors constant Question 

Indian Economy at the Eve of Independence Class 12 Indian Economy

ASSIGNMENT 

INDIAN ECONOMICS

Topics (Indian economy on the of independence and planning)

CLASS 12TH

For your queries and suggestion

Be free to write 

pankajbhanwnai@gmail.com

1.	Define the following terms: ( one mark each) a) Year of grade divide. ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… b) commercialization of agriculture ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… c) drain of wealth ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… d) deindustrialization ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… e) capital goods industries ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… f) economic planning ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… g) land reforms ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… h) marketable surplus ………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………… i) import substitution ………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………
2.	Answer the following questions  in one word or sentence: ( one mark each) Name some economist who estimated India’s per capita income during the colonial period? In which two states land reforms were successful? What are examples of consumer goods industries? When was planning initiated in India? When was planning commission established? When was NITI Aayog established? …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………
3	What was the two fold motive behind systematic de-industrialization effected by the British in pre independent India? ………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………
4	State main causes of India’s agricultural stagnation during British rule. …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………
5	What do you understand by drain of Indian wealth during colonial period? …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………
6	State salient feature of the flowing ( 3 mark each) a) occupational structure  b) foreign trade c) demographic conditions …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………
7	Were there any positive contributions made by the British in India? Discuss. …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………
	In which year railways was introduced in India? (1) 1892 1890 1850 1853
	Reason for low productivity in agriculture   HYV seeds Low levels of technology Improved  irrigation system All of these
	What was the rate of growth of real output in our country during the first half of the century Less than 1 percent Less than 2 percent Less than 3 percent Less than 4 percent
	Capital goods industries are those industries which Which can produce machine goods Which can produce consumer goods Both None of these
	TISCO was incorporated in 1906 1912 1978 1907

Money Lesson learnt from Convid19

 STEPS TO STAY AFLOAT AS COVID-19 STRIKES

Financial Planning to be secure at the time of any emergency

Extract from India Today Magazine 

Create a Emergency Fund

Keeping aside some  money for emergencies, such as unforeseen expenses or a sudden, even temporary, loss of income. Financial planners advise three to six months’ worth of expenses in cash or near-cash liquid assets. 

The idea is simple: this money should be available to you at very short notice, so liquidity is of the essence. 

Employees in highly vulnerable sectors such as aviation, hospitality, travel and tourism might like to set aside more. These are very uncertain times, so even 9-12 months’ expenses [can be parked in contingency options]

 Have health insurance

You do, however, need to set aside money for a health emergency in the family; Rs 5 lakh might serve. Not buying health insurance is not a risk you should take, because the annual premium on an insurance cover is a small fraction of what your hospital bill might be, if you have to be admitted. 

The right mutual fund for you

In times of great uncertainty, the stock market tends to go berserk. Stocks of good pedigree also get hammered, but seasoned long-term investors see that as an opportunity to pick up undervalued stocks. For those who lack the expertise, or the time or inclination to make individual stock picks, diversified equity funds or index funds are the way to go. They usually deliver returns that comfortably beat inflation and are easily the most transparently regulated investment avenue for inexpert, passive investors seeking long-term returns. Those who want to play it safe could look at large-cap index funds or large-cap funds

For further discussion

Feel free to contact

Pankaj Bhanwani

pankajbhanwani@gmail.com