The financial system of a nation plays a crucial role in its economic development. It serves as a vital link between savings and investments, thereby fostering wealth creation. By facilitating the transfer of funds from households, which act as savers, to businesses that require investment, the system supports the growth and prosperity of both parties involved. Furthermore, the financial system is responsible for the effective allocation of savings, the provision of necessary funds, the facilitation of financial transactions, the development of financial markets, the establishment of a legal financial framework, and the delivery of financial and advisory services within the country. This system encompasses various components, including financial institutions, services, markets, and instruments, all of which are interrelated and function collaboratively. This paper addresses several issues pertinent to the Indian financial system.
ORIGINAL RESEARCH ARTICLE | Oct. 11, 2024
Analyzing the 'Supply Creates its Own Demand' Phenomenon in the Context of Jammu and Kashmir's Economy
Dr. Tanveer Ahmed, Dr. Amrin Noor, Nikita Yadav, Dr. Shahbaz Batt
Page no 332-342 |
DOI: https://doi.org/10.36348/sjef.2024.v08i10.002
This paper examines the phenomenon of "supply creates its own demand" in the context of Jammu and Kashmir's economy. Originally posited by Jean-Baptiste Say, this economic principle asserts that the production of goods and services leads to the generation of income and demand for those same goods and services. In this study, we aim to explore how this phenomenon unfolds within the unique socio-political, geographical, and economic landscape of Jammu and Kashmir. By analyzing key sectors such as agriculture, industry, and tourism, we assess how production drives demand and evaluate factors inhibiting this dynamic, including political instability and infrastructural challenges. A regression analysis is used to provide empirical insights, followed by policy recommendations that could enhance the region's economic growth.
Power is an important tool for economic growth of the country. Power is vital for every form of human activity-domestic, agricultural and industrial infrastructure, such as telecommunication and transport. The demand for electricity in India is enormous and is growing steadily. This growth has been slower than a country’s economic growth. The big challenge of the power industry is to balance the demand and supply of electricity. Financial management involves planning, organizing, directing, and controlling the financial activities of an organization. Its primary goal is to maximize shareholder wealth and ensure the efficient use of resources. Financial efficiency refers to how effectively an organization utilizes its resources to generate revenue or profits. It involves minimizing costs and maximizing output or outcomes relative to inputs. The financial efficiency of India's power sector is a critical aspect of its energy infrastructure, impacting both economic growth and sustainability. The main needs of the study are the source and use of funds of the company and how to evaluate the financial performance of the company. The objective of this study is to critically evaluate and assess the financial performance of Southern Power Distribution Company of Andhra Pradesh State Limited, Tirupati.
The Middle East and North Africa (MENA) region stands on a global pivot point, impacting the world through its diverse political and economic dynamics. While often recognized for its complex challenges, the region's food security remains surprisingly under-considered, even though it carries significant global repercussions. This research focuses on a concerning trend: the decline of U.S. agricultural exports to MENA, potentially jeopardizing regional stability and impacting global food systems. While EU competitiveness is acknowledged, this research delves deeper than mere identification of competitors such as the EU, dissecting the interplay of their advantages – superior pricing and yields – against the U.S. approach from a policy-perspective. The paper’s ultimate goal is to highlight how the US has suffered from out-competition from the EU, not simply MENA countries’ diversification, leading to the latter’s collapse as a source of staple crop importations, in order to prevent such drastic changes in the future as the same trend in other industries could provide much more devastating for the US. This analysis can impact US policy and inspire a shift towards more sensible and outcome-oriented spending policies.