Shanlax International Journal of Economics

Millet Revolution in Tamil Nadu: Ensuring a Healthy Future Generation

2024-03-03T11:50:49+00:00

One of the earliest foods are millets, which are resistant crops with small seeds that do well in arid climates. The Indian Government has put forward a proposal to the United Nations, suggesting that 2023 should be recognized as the International Year of Millet, in order to encourage the cultivation and consumption of this nutritious grain. Because of their health benefits, millets have been referred to as “nutri-cereals”. The majority of India’s millets are produced as finger millet (Ragi), sorghum (Jowar), and pearl millet (Bajra).Tamil Nadu is eighth among the top ten states in India that produce millet, accounting for 4% of the nation’s millet production in 2021–2022. Examining patterns and instabilities in the area, yield, and output of millets in Tamil Nadu from 2011–12 to 2021–22 is the goal of the current study. There was a significant increase in the area of Jowar with a compound annual growth rate of 7.09 percent, followed by Bajra at 3.00 percent. There was also a significant increase in the production of Jowar and Bajra at 6.15 percent and 5.87 percent, respectively, and a significant increase in the yield of Ragi and Bajra at 68.10 percent and 44.98 percent, respectively, according to the estimated trends in the area, production, and yield of millets using the semi-log function. The Cuddy-Della Valle index affords the best estimates, and instability was found more in the production of Jowar (32.28%), followed by Ragi (32.10%), and less in the area of small millets (9.32%). The decomposition analysis revealed that the yield effect was the principal factor for all varieties of millets; the area effect of Jowar and Ragi was insignificant; Bajra and Small Millets had additional roles to play in the increase of output in the study period.

Balancing Act: Exploring the Relationship between Inflation and Consumer Behaviour

2024-03-03T11:50:49+00:00

This study investigates the intricate relationship between inflation and consumer behaviour in the contemporary economic landscape. Through a comprehensive analysis, we explore the impact of inflation on consumer spending patterns, considering demographic influences and adaptive strategies employed by individuals. The research utilizes regression analysis, ANOVA, and qualitative survey data to unravel the complexities of this relationship. Findings reveal a significant positive correlation between inflation rates and specific consumer spending categories. Demographic factors collectively exhibit a noteworthy influence on how diverse groups respond to inflation, emphasizing the need for targeted strategies. Additionally, the prevalence of adaptive strategies, with a focus on savings adjustments, highlights practical measures consumers adopt to navigate economic challenges. The study contributes valuable insights for businesses, policymakers, and researchers seeking to understand and navigate the dynamics of consumer behaviour in the face of inflationary pressures.

Role of Women in Economic Development in India

2024-03-03T11:50:49+00:00

Engaging women is a basic issue in non-industrial countries. Despite the fact that women are a vital piece of any general public, yet their association in dynamic by the utilization of their dynamic commitment in financial exercises is shallow. Women strengthening and monetary improvement are interlinked, where from one perspective, advancement alone can make light of a huge job in driving disparity among women and men while then again engaging women can help advancement. This paper investigates the job of women in the labor force for the monetary advancement of the country in various States.

Empowering Women Leadership for Economic Development & Sustainable Growth -The Role of Women Directors

2024-03-03T11:50:49+00:00

Through their leadership in corporate boardrooms, women directors play a critical role in promoting sustainable growth and driving economic development. This research explores this relationship. With the growing recognition of the value of gender diversity in society, identify and characterize the distinct contributions made by female directors to Corporate Governance, organizational performance, and overall economic growth. It explores the various ways that women directors influence decision-making processes and add to strategic initiatives. The research highlights the importance of varied viewpoints in augmenting inventiveness, efficacy, and durability in establishments. The report also explores the dynamics of empowerment related to women taking on leadership positions on corporate boards. It looks at the obstacles women must overcome to become directors, evaluates the methods used to get beyond those obstacles, and evaluates the empowerment that results for both the person and the larger community. The analysis highlights the influential function of strong female directors as advocates for gender equality and as agents of good change. The study also looks into how initiatives and policies may support gender diversity in boardrooms and offers insights into the organizational and structural aspects that contribute to fostering an inclusive environment that supports women’s leadership through the analysis of effective practices and case studies. This paper attempts to highlight corporate governance changes, leadership development programs, and mentorship programs that help women advancement to positions of directors and key managerial persons in corporate sector.

A Study on Assessment of Rural Health Care System in India: Schemes and Implications

2024-03-03T11:50:49+00:00

India’s rural healthcare system plays a pivotal role in ensuring access to quality healthcare for a significant portion of the population. This study aims to shed light on the state of rural healthcare infrastructure, the effectiveness of government healthcare initiatives, and the far-reaching implications for rural communities. Rural India presents unique healthcare challenges characterized by disparities in healthcare infrastructure, limited access to medical services, and varying health outcomes. The government of India has launched several healthcare schemes and initiatives over the years, such as the National Rural Health Mission (NRHM) and Ayushman Bharat, to address these challenges. Understanding the impact of these schemes and their consequences is essential to inform future healthcare strategies and policies. This study provides a holistic view of the primary healthcare infrastructure in rural India, offering insights into the effectiveness of government schemes and their implications for the health and well-being of rural populations. Its findings serve as a valuable resource for policymakers, stakeholders, and healthcare professionals working toward the improvement of rural healthcare in India.

An Analysis on Women Enrolment in Higher Education in India

2024-03-03T11:50:49+00:00

There is still a gender enrolment disparity in India’s higher education system, despite notable progress. Using a combination of methods for thorough analysis, this study explores the complex interactions between socio-economic, cultural, and institutional barriers preventing women from pursuing higher education chances. Further, this study relies on the issues of Girls are disproportionately affected by ongoing poverty, a lack of family support, and uneven access to high-quality secondary school, which undermines their ambitions for further education. Women students in higher education are marginalized and denied academic opportunities due to inadequate infrastructure, a dearth of gender-sensitive teaching techniques, and a dearth of female role models. Not only is closing the gender gap in higher education morally required, but it is also a calculated investment in the future of India. India can unleash the enormous potential of its female population and move the country toward a more egalitarian and prosperous future by removing the complex hurdles found in this study and putting in place efficient interventions at the individual, and institutional. The simple statistical tools adopted and it was observed from the results that the annual average percentage rate was positive in all the levels of education. Finally, it is particularly noted that the majority of the women were enrolled in Ph.D after integrated and PG Diploma programmes.

Rural Mental Health and Psychological Myths

2024-03-17T10:14:17+00:00

Background of the Research: According to twentieth century psychiatrist Carl Jung, myth is a necessary aspect of the human psyche which needs to find meaning and order in a world. Human health is in the hands of self-believing about his/her health strongly that everyone who came to this earth will be alive with blessings of god/goddess when time comes, Eman the god will be with his rope to take the breath of human being which is stated as an etiology myth. This basic beliefs leads in every one mind set up to hope on each individual life ahead and to do their socio economic activities on daily basis. This leads to consumerism and an indirectly positive belief on life creates demand for goods and service from household economy to a national economy. So, basically good health of human being is the prime factor for every walk of their life to reach their desired socio economic destination.
Aim of the Study: Here, in this paper, the researcher made an attempt to find the nexus between mental health of rural inhabitants and their psychological myth.
Research Methodology: The methodology adopted for the research fact was field study by using an interview schedule as a tool for collecting the data from a district named Theni in Tamil Nadu. The sample size taken was 300. Targeted population was rural inhabitants in Theni district. A Purposive non random sampling was used in this study.
Findings and Discussions: The obtained results from the field level study categorized that 36.6 percentages of rural respondents who were in the age group of fifty to sixty had a strong belief in witchcraft or psychological myths like destroying a person’s health and putting that person in bed with not able to do functioning of leg or hand by witchcraft (seivenai) and black magic. The same percentage or the same group of respondents had a belief in existing of ghost; Persons who died in accidents, suicide will penetrate into other body and exploit the health of host body. It’s very hard to change the psychological myths because of strong beliefs in existing of unknown energy known as god of all religion. As a result of beliefs, a good amount of economic time and money is spent for their mental satisfaction by 36.6 percentages of sample respondents in the study area. Hence, Myths always exist in a corner of human psychology in rural population but a degree of variation in accepting the myths. The remaining percentage of rural respondents in the age group of below fifty were the believe in advancement of science and technology, for example increasing subscribers in smart mobile phone and using internet, sending their sons and daughters to higher education for the sake of individual family betterment in micro level and as in macro nation’s betterment which is an another feature of the interviewed respondents. Among the ten respondents strongly three were believe in myths that were exclamatory to the artificial intelligence era. The aspects of money and time spend towards the myths may be taken as scope for further research in any geographical area if it exist.

Impact of Tourism in Economic Development - A Study with Reference to Vellore District

2024-03-17T10:21:12+00:00

India is widely recognized as one of the most ancient civilizations, characterized by its diverse and culturally significant past. India has long been a focal point of interest for various individuals due to a multitude of factors. India possesses a time-honored heritage of tourism. The industry in question was present within the informal sector since ancient times and was engaged in by individuals from many social groups. India, as an expansive and heterogeneous nation, has something to provide for all individuals. The conventional manner in which visitors are received in India is rooted in the mythological notion of ‘Athithi Devo Bhavah’, which translates to ‘Guest is God’. This is the most recent slogan the Indian tourism sector has used. In order for India to become a global leader in the tourism industry, it is imperative that all branches of the central and state governments, the private sector, and voluntary organizations actively collaborate to achieve sustainable growth in tourism. This is because tourism is a multifaceted activity and primarily a service industry. This study seeks to examine and assess the influence of tourism on the economic progress of Vellore District. This study holds significant importance as a substantial number of individuals visited Vellore, not alone for medical treatment but also for tourism purposes. The prominent tourist destinations in and around Vellore encompass the Historic Vellore Fort, Government Museum, Science Park, Vainu Bappu Observatory, and Amirthi Zoological Park, as well as religious sites such as Jalakandeswarar Temple, Srilakshmi Golden Temple, Big Mosque, St. John’s Church, Yelagiri Hill Station, and CMCH, which offers exceptional medical care at an affordable price.

Analyzing Production, Productivity, and Export Performance of Key Spices in India

2024-03-17T10:24:10+00:00

To bolster economic growth in agriculture, there must be a concerted effort to increase production and achieve a balance in trade through exports and imports. India, in its global competition, excels in exporting significant spices and select horticultural products, thereby driving economic growth, aided by various governmental initiatives aimed at supporting farmers. This study aims to analyze the Growth Rate and Instability in Area, Production, and Productivity of major spices, as well as examine the export trends of these spices from India over a decade, from 2010 to 2020.Utilizing statistical tools such as Compound Annual Growth Rate Analysis (CAGR) and Instability Rate (IR), the study evaluates secondary data sourced from the Spice Board of India’s annual reports spanning the years 2010-2011 to 2019-2020. The analysis provides insights into the compound annual growth rate and instability concerning the selected spices in terms of area, production, productivity, and export performance. Key findings shed light on India’s position in the global spice market and reveal the trajectory of spice growth compared to the preceding decade (2001-2010). A critical concern for sustaining export market viability lies in enhancing productivity while maintaining product quality. Recommendations include cultivating high-quality products, stringent quality control measures, staying abreast of global market trends, implementing adequate storage protocols, ensuring proper harvesting practices, and maintaining environmental and personal hygiene. Furthermore, the study suggests introducing agricultural schemes to support spice cultivation, thereby boosting production, productivity, and ultimately impacting the Indian economy positively. These efforts aim to foster sustainable growth and competitiveness in the global spice market while ensuring the prosperity of Indian farmers and the agricultural sector.

Investment Decision Using Technical Analysis: A Study on Selected Stocks in Indian Stock Market

2024-03-17T10:27:01+00:00

Technical analysis is a methodology in financial markets that asserts its capability to predict future stock directions by scrutinizing historical market data, patterns in price movements, and correlations between price and volume. Traders widely utilize these data in their decision- making processes. The approach also takes into account the real-time behavior of market prices and volumes, operating under the assumption that these are the most influential factors in determining a stock’s or market’s future trajectory. Investors often grapple with decisions regarding which stocks to buy, the optimal purchase quantities, and when to execute selling or holding actions to maximize profits in the trading period. This research delves into these
considerations, offering insights for short-term traders by analyzing the stock price trends of twelve companies across three distinct sectors over the 2020-2022 period.

Resilience in Action: Examining Re-settlement Efforts of Flood-Affected Farmers in the Chalakudy River Basin

2024-05-14T05:57:07+00:00

The devastation caused by natural disasters, particularly in developing regions with limited resources and infrastructure, poses significant challenges to human lives and livelihoods. The 2018 Kerala floods, one of the worst in the state's history, wreaked havoc across the region, particularly affecting the Chalakudy River basin. This paper explores the resilience and resettlement efforts undertaken by flood-affected farmers in the Chalakudy River basin post-disaster. Drawing on a review of literature and empirical data, the study examines the various forms of assistance received, including emotional rehabilitation support, special loans, and subsidies. The findings highlight the remarkable resilience of the farming community amidst adversity, while also shedding light on disparities in aid distribution and the challenges encountered in the resettlement process.

Assessment of Community Participation in Sustainable Local Economic Development: The Case of Wolaita Sodo Town, Ethiopia

2024-05-14T05:57:44+00:00

Economic development is turning into a more regional phenomena. Through active community participation, it brings about a change in the locus of responsibility for development planning from the national to the sub-national or local levels. Nevertheless, Wolaita Sodo town hasn’t done enough research on community involvement with sustainable LEDs. Thus, the purpose of this study was to evaluate the present level of community involvement in LED, examine the function of community participation in sustainable LED, and pinpoint the key variables influencing community participation in Sustainable LED in Wolaita Sodo town. Economic development is turning into a more regional phenomena. Through active community participation, it brings about a change in the locus of responsibility for development planning from the national to the sub-national or local levels. Nevertheless, Wolaita Sodo town hasn’t done enough research on community involvement with sustainable LEDs. Thus, the purpose of this study was to evaluate the present level of community involvement in LED, examine the function of community participation in sustainable LED, and pinpoint the key variables influencing community participation in Sustainable LED in Wolaita Sodo town. Data from primary and secondary sources were gathered in both qualitative and quantitative formats. Questionnaires and checklists were used to gather data from sample respondents and relevant government offices. Techniques for multi-stage sampling were used to reach the sample size of 203 households. In addition to employing both descriptive and inferential statistics, a binary logistic regression model was utilized to examine the information gathered through the use of a questionnaire. Results revealed that 72.5% of the residents took part in LED efforts by making monetary or in-kind contributions. Furthermore, even if it is not a continual contribution, communities supply 33 percent of the total funding required for the development project to be carried out in their areas, with the government providing the remaining 27 percent. This is a clear sign of how the community is participating in the research area. Regarding the community’s role in LED, the results demonstrated that participation fosters a sense of ownership and organized performance, aids in social and personal empowerment, and creates locally based and owned development through resource mobilization—all of which contribute to sustainable development. The results also demonstrated that a number of factors, including income, attitude, level of awareness, interest in participating, leadership structure, monitoring and evaluation, partnership structure, and directives, were positively and significantly correlated with community participation in sustainable LED. Therefore, the government and other relevant authorities should actively work on awareness creation forums, knowledge and skill development training, community empowerment, and technical support in order to enhance community engagement. These are the main recommendations offered to improve community participation.

The Role of Women in Economic Development

2024-05-14T05:58:38+00:00

Women's participation in economic development has emerged as a critical area of study and action in recent decades. The multifaceted role of women in driving economic growth, the historical context, theoretical frameworks, empirical evidence, and policy interventions surrounding this issue. Beginning with a historical overview, it traces the evolution of women's economic roles toward economic empowerment. Drawing upon feminist economic theories and human capital theory, the underlying factors shaping women's participation in the workforce and the persistent barriers they face, including gender-based discrimination and limited access to education and vocational training,through an analysis of empirical evidence, including case studies and statistical data, the economic impact of women's participation is demonstrating correlations between gender-inclusive policies and overall economic growth. It also explores the business case for gender diversity, emphasizing the tangible benefits for businesses and economies alike. Additionally, the key policy interventions and best practices aimed at promoting women's economic empowerment range from legal reforms to initiatives improving access to education and work-life balance.Drawing upon success stories and lessons learned from various contexts, the effective strategies for advancing women's economic participation and underscore the importance of sustained efforts in this regard. Finally, the future directions and recommendations for policymakers, businesses, and civil society actors emphasize the need for continued investment in gender-inclusive economic policies and practices. By prioritizing women's economic empowerment, societies can unlock the full potential of their economies, driving sustainable development and fostering greater equality and prosperity for all.