whats the impact of tariff  on indian trade?
468176
Not much to sum it up. While the effects will be short term at best, the whole point of tariffs is to protect the industry.
793044
For comparison of VAT of different States of India click on the link below\nhttp://www.allindiantaxes.com/vat.php\nFor VAT of other countries refer to VAT sites of countires concerned
397314
India has struggled financially since independence, experiencing slow economic growth and economic setbacks due to climatic extremes or political disturbances. The country has been gradually transforming its economic base from agrarian to industrial and commercial. Under British rule in the 19th century, India's cottage industries and thriving trade were virtually destroyed to make way for European manufactured goods, paid for by exports of agricultural products such as cotton, opium, and tea. Beginning in the late 19th century a modern industrial sector and an extensive infrastructure of railways and irrigation works were slowly built with British and Indian capital. Nevertheless, India’s economy stagnated during the last 30 or so years of British rule. At independence in 1947 India was desperately poor, with an aging textile industry as its only major industrial sector.\n\n\n  \n\nEconomic policy after independence emphasized central planning, with the government setting goals for and closely regulating private industry. Self-sufficiency was promoted in order to foster domestic industry and reduce dependence on foreign trade. These efforts produced steady economic growth in the 1950s, but less positive results in the two succeeding decades. By the early 1970s India had achieved its goal of self-sufficiency in food production, although this food was not equally available to all Indians due to skewed distribution and occasional shortfalls in the harvest. \n\nIn the late 1970s the government began to reduce state control of the economy, making slow progress toward this goal. By 1991, however, the government still regulated or ran many industries, including mining and quarrying, banking and insurance, transportation and communications, and manufacturing and construction. Economic growth improved during this period, at least partially as a result of development projects funded by foreign loans.\n\nA financial crisis in 1991 stimulated India to institute major economic reforms. After the Persian Gulf conflict of 1990-1991 caused a sharp rise in oil prices, India faced a serious balance of payments problem (its foreign expenditures exceeded its foreign income). To obtain emergency loans from international economic organizations, India agreed to adopt reforms aimed at liberalizing its economy. These economic reforms removed many government regulations on investment, including foreign investment, and eliminated a quota and tariff system that had kept trade at a low level. Also, reform deregulated many industries and privatized many public enterprises. These reforms continued through the mid-1990s, although at a slower rate because of political changes in India’s government. In 1993 India permitted Indian-owned private banks to be established along with a minority of foreign banks.\n\nWith the reforms, India made a dramatic shift from an economy relatively closed to the global economy to one that is relatively open. By 1996-1997, foreign investment had increased to nearly $6 billion, up from $165 million in 1990-1991. Exports and imports also grew dramatically in this same period. Economic growth since the 1980s has brought with it an expansion of the middle class, which was estimated to form 20 to 25 percent of India's population in the mid-1990s. As a result, the demand for consumer goods from soap to luxury cars has expanded rapidly.\n\nIn 1997 India’s annual gross domestic product (GDP) was $382 billion. In 1997 agriculture, forestry, and fishing made up 25 percent of GDP, compared with 30 percent for industry (including manufacturing, mining, and construction) and 45 percent for services. \n\nA Labor  The Indian economy employs 423 million people. The majority of this workforce—64 percent—labors in the agricultural sector. Of the remainder, 20 percent work in services and 16 percent in industry. Women make up 32 percent of the total labor force.\n\nSignificant numbers of children are employed in India. They not
214894
the price of the commodoties in any country is affected mainly by the law of supply and demand. what it afected most are the lumber cause it will take many years to grow trees,next is medication cause the sea is containated by the pathogenic organisms coming from the victims of tsunamih. food supply will be resolved by the agricultural sectors of other regions in your archipelago.
371132
Presume u r talking about impact of national policies on telecom industry growth?\nCheck out the growth of china/india etc as compared to high penetration markets like UK/USA. \nThe diff is that of national policies.
344112
in india?  not sure.  \nfrom india...http://www.tradeindia.com
656192
Indian Institute of Foreign Trade, Delhi.
852934
Sales Tax is now called as VAT.\nPlease refer to VAT Schedule of the State concerned on the link below for rates\nhttp://www.allindiantaxes.com/vat.php
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check out these guys:\nhttp://www.theyesmen.org/\n\nthey, of course, are very biased about WTO effects.
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Tariff if it is related to goods purchased is a direct expenditure and has to be debited to the trading account.\n\nOtherwise it is to be debited to the profit and loss account as it forms indirect expenditure.\n\nhttp://www.futureaccountant.com/accounting-process/
504337
Given the fact "trade rules" are created and implemented by the wealthiest nations (G8), it is highly unlikely poorer nations will derive any direct benefit from those rules.\n\nIf "free trade" was "fair trade," it might be possible; but it isn't, so it isn't.
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Check this out\nhttp://www.taxadmin.org/fta/rate/ind_inc.html
652362
Every other how Globalizatin is affecting India and U.S\n                   \n                        INDIA\n1) Stock Market: - Because of Globalization, FII's And FDI's are investing in our country in a huuge way, this leading to a boom in the stock market and strenghthening our economy.\n2) Higher Standard Of Living: - With multination companies coming in India after Globalization our living standard has risen due to better products being provided by them at nominal rates.\n3) More Employment: though our unemployment rate is still high, but as multinational companies are able to set up there offices over here, they are able give good job oportunities and are creating more jobs.\n\n                          U.S\n1) Offshoring of business: - Due to globalization, many of the U.S Busineses are being offshored to various other countries where there are cheap labour, as labour in U.S is very expensive.\n2) Reduction In Job Opportunity: - It can be logically followed from the first point that due to offshoring of business, the job opportunity in U.S have reduced considerably.\n3) Brain Drain: - Though businesses are being offshore to other countries, still there are a few jobs for which one has to go to U.S to achieve his/her dreams. Jobs related to astronomy is a example. People who need better infrastructure for their jobs are shifting to U.S.\n\nThere you have your answer.
351669
A trade imbalance does not necessarily imply that there will be a negative effect on a country running either a trade deficit or a trade surplus, as there can be other factors within a nation's economy that allow that trade deficit (or surplus) to be beneficial.  The consequences of that trade imbalance may also be a short term benefit, but with adverse long term consequences.\n\nTaking the US economy as an example, it has been running a trade deficit for many years, as well as a budget deficit, yet it has enjoyed, in the near term, productivity growth, a strong employment market, high consumer confidence, and with the recent exception of gasoline, fairly low consumer prices.  While long term consequences, such as adverse effects from foreign purchasing of US debt, as well as the long term growth of the national debt causing problems in the future, in the short term, the trade deficit has overall  contributed to our economic well being.
796434
The impact can be described in one word... globalization. Globalization reforms are actually going to boost India's economy enormously and make them a viable global market competitor to be taken very serious.
658299
To seriously know that you have to get 'Students guide to income tax'... for income taxes and 'service tax' by any author for service tax. VAT stands for value added tax and it is charged on the value created at each stage in the trade process. this means that if a mfg sellers to another trader rs 100 article, rs 10 is tax ( i think prevailing tax rate is 10% with 2% cess) then the seller will sell to another dealer at 150 his tax will be 15rs minus what he has already paid ie output tax minus input tax so his liability will be rs 5. there are few different tax rates for VAT you need to confirm with an accountant or CA, or just browse on google, there are so many sites devoted to VAT
876089
An import tariff is a tax that your own country is imposing on you for buying these items from another country. The reason is twofold. One is to earn money for them, the other is to encourage you to buy things made in your own country to keep its economy strong.