Considering the context of the issue based on literature survey and expert opinion, this study investigates the drivers of Artificial Intelligence (AI) implementation, which further strengthens the Business Intelligence (BI) in taking better decision-making industries in India. For the purpose of serving the objective of examining the enablers’ towards having a smarter AI ecosystem in banking, the relevance of identified enablers from exhaustive literature survey were discussed with the experts from banking sector and AI professionals. Based on their opinion, 15 final enablers were defined based on the data collected have been put through Interpretive Structural Modelling (ISM) that reveals the binary relationship between the enablers to draw a hierarchical conclusion, and then assess the enablers about their independence, linkage, autonomous character, and dependence based on their calculated driving and dependence power through MICMAC analysis. The ISM and MICMAC integrated approaches have been used to establish interdependence among the enablers of AI in banking in India context. The study reveals that strong algorithms result in building quality AI information, and also the efforts from management related to commitment, financial readiness towards technological advancement, training, and skill development are quite essential in making the baking system smarter and would enable the industry to take better management decision.
The concept of FDI in modern days of business acquires enormous significance across the world economy, as it enables and strengthens an economy with greater productive capacity and act as vital economic device through which the economy attains big leap amidst tough and extremely competitive environment. In the aura of globalization FDI has great value across the world. In 1991, when the new economic policy was introduced with special provisions of liberalization, privatization and globalization, various countries started to invest in our economy. It is also a fact that, no economy stays isolated and unaffected from anything that happens around the world these days. Considering the same it is an effort to investigate the impact of foreign direct capital investment pattern on export and economic growth for the period of 20 years from 2000-01 to 2019-20. The present study is concerned with the assessment of trend in foreign direct equity capital investment as explanatory variable, and gross export and gross domestic product value as response variable. Linear regression model using NCSS 2020, and SPSS has been applied to reach the inferences regarding degree of influence of the dependent variable on independent variable. The study also provides an overview of the growth trend in FDI inflow, FII inflow for the 20 years in which financial crisis 2008-09 has been assumed as a landmark to compare the change in the trends of investment before and after the crisis.
The role of promotion is quite significant in a developing country with low literacy rate and pre-dominance of rural economy, and India is one of the best examples to have strong promotional measures to persuade customers for the kind of products and services for which they have greater need, but they lack in having proper information and understanding about the product.Insurance is one such service offering which is largely in demand by Indian population of all regions, be it rural population or urban population.The life insurance products success in business depends heavily on effective promotional measure, especially the personal selling plays vital role in converting prospects into buyer as it directly connects the sellers and buyers.The study tries to examine the effectiveness of different objectives of personal selling based on the data collected from officials of select insurance providing private companies product including that of HDFC, ICICI, Bajaj Allianz, Max Life, and Tata AIA in Delhi.To reach the inferences, factor analysis has been used reflecting that the private insurers are having three major objectives to use personal selling as means of effective marketing strategy.
The present study is mainly concerned with thetrends in export financing/credit lendingby Export Import (EXIM) Bank of India and examining its impact on the export performance of the country considering the data evidence on export and credit extension in the last couple of decades (i.e., from 2000-01 to 2019-20). The credit extension and financial assistance is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The paper discusses in general the trends in the loan approval and disbursement by EXIM bank and that in export along simple calculations accompanied by the graphical presentation, but it mainly envisages the impact assessment. For the purpose of reaching inference and testing assumption, inferential linear regression model has been used. The study concludes that there exist significant association between the variables considered and that the export financing is significant determinant of export performance.
The present study is an empirical investigation into the barriers involved in international trade logistics identified from the perspectives of key stakeholders including Indian traders, logistics service providers (LSPs), and academicians. The identified risks were reduced to comprehensive list of barriers by Delphi interview rounds. These barriers have been modelled based on the responses from stakeholders using Interpretive Structural Modelling (ISM). The ISM model has revealed that political barriers, cultural rigidity, policy, and border interventions are the significant factor which guides the efficiency of international logistics services.
Goods and Services Tax was believed to prove flagship step towards economic transformation as anticipated by the experts. Though, it had to encounter some antagonistic remarks for its incompatibility with Indian economy. Traders also expressed their contravention to the rates levied. Countless amendment sittings were called and vicissitudes were registered. Amidst mixed thought, the article focuses on structural transformation in the indirect tax mechanism in India, and probable outcomes of the taxation as suggested by the experts. In general it aims at evaluating the substantial impact over different indicators, and the complexities lying in it.
India is one of the significant economic forces among the world’s with capacity to influence global business operation. However, it has sustained continuous fluctuations in the economic development since attainment of independence, as it needed to repair internal socio-economic turbulence resulted out of colonial rampage. In order to cure the wounds of the economy, subsequent effort through economic policies and planning have been taken by the government. In lieu of counting itself in the row of other fast growing economies, it was felt that India too should enter in the International market to grab the market share and register its presence. It is obvious that export and import are the two greater mechanisms through which a nation can lead to make it an active international business player. Marketing and promotion of domestic business in such condition becomes essential, as many of the businesses are reluctant to enter cross border trade activities because of limited resources, and their vulnerability to the countless economic and market crisis probabilities. Keeping in view, the governments in India kept on trying to encourage and develop the export business through different policies and promotional measures. The research paper discusses about different Export-Import Policies in general and various financial incentive schemes incorporated under EXIM Policies and Foreign Trade Policies. The paper also discusses, whether the financial schemes which are still continuing, are effective to enhance the Indian export or not. The research also examines the relativeness between the financial incentives and export performance. For so, the correlation and regression modeling analysis have been done. The analysis of impact and association has been carried for the period since South Asian Economic Crisis 1997. It aims at evaluating the significance of the promotional measures by means of availing financial assistance to the export business in India.