Financial Boom or Sustainable Growth , Where We are Heading..

by ExpertBlogger 7. June 2018 13:13

Economic boom refers to as an increase of business, industry and growth of the sales and goods that would lead to a nation’s overall economic expansion. The global economies contribute in the rise and fall of world trade and economy and hence observes the global economic phenomena of recession and boom. The market fluctuations are bound to occur as they are affected by numerous factors which can’t be predicted by market researchers and analysts with complete accuracy. The various economies of the world are so closely connected that economists could only take calculated risks of prophesying the market volatility.


Many under developed and developing economies show the signs of an economic boom every now and then. The revealing signs of an economic boom in a country are:
a.    Low inflation rate: A booming economy should maintain a lower inflation rate and it is be as low as 2% for developed economies.
b.    Double digit GDP growth: A booming economy should register a GDP growth which should be at least a positive figure and if it’s in double digit with promising signs of converting into developed economy. A GDP is the determining factor of a nation’s growing economy. It is a sum total of consumption of products and government expenditures and exports of the country in that year, all this and minus the imports done by that country in that year.
c.    Rise in employment: In an economy that shows the promising signs of expansion creation of jobs for its citizens is a big factor for showing economic growth.
d.    Increased consumerism: Better employment rate will result in more demand and supply of consumer goods as it will lead to economic stability of the various sections of the society.
e.    The Sensex rise: A booming economy lures investors from around the globe. The market should exhibit bullish growth in the stocks and bearish growth of the bonds.
f.    Bank lending: Banks should contribute in the growth by increasing their capacity to lend to the owners of small businesses hence leading to economic sustainability by progressing the smaller merchants.
g.    The currency circulation: It is the currency of the country and its value that would decide the appreciation of the country’s currency in the world market.
h.    Producer price index: this is the index that determines the cost of major goods producing sectors like agriculture, manufacturing, mining, fisheries, dairy products etc.
i.    Real estate boom: A surge in the real estate businesses is a strong indicator of a booming economic growth as they are the drivers towards making a stronger economy. The increase in the buying of the new homes reflects good employment creation and increased consumer confidence.
j.    Lower interest rates: Banks will levy lower rate of interest on the loans for property and automobile and hence enabling more property deals and creating a surge in the housing and finance industry.
k.    Strengthening the labor: A developed economy will always work towards firming its labor force by skilling them in their crafts and work because they in turn would generate goods and services for the country.
l.    Tax cut: In order to make a robust economy a government should curtail on taxes on consumer goods and services provided. The income tax reduction also boosts the citizens’ morale to save more and spend with confidence making sure that it should not lead to deficit.
m.    Increased government spending: rise in government’s expenditure like construction roads, railways and airports is an indicator of state’s well being programs for making a prosperous society.
n.    Income imbalance: In a booming economy the poor will become rich and gain stability and rise from above the poverty line hence creating a society of economic balance.
o.    FDI: encouraging more foreign investors in the country for the services and goods they get and hence creating more income and jobs in the country.
A sustainable growth in all the above mentioned categories will lead to an economic boom in a country as well as it will help to shape the world economy. The government’s policies play an important role in defining the economic growth of a country. A stable government and a stable geopolitical atmosphere leads to technological as well as advancement in other sectors.

Knowledge is power then college degree is essential

by ExpertBlogger 2. November 2017 17:36

Knowledge is power and so is the degree behind that knowledge. A degree from a good institute plays a pivotal role in one’s career. A good institute not only is responsible for shaping the future of its students but also ensures that each student succeed in their respective lives. A degree from a university leads to better prospects of employment which in turn gives way to the economic growth and more civilized societies. Choosing a good college or university is a herculean task in itself. There are several factors to be kept in mind before one could enroll in a university.

Some of the things one should consider before opting for a college are:

a. A proper research should be done for a college in the field where one aspires to get a degree. Gather facts and figures about different colleges and short list a few of them.

b. Browse through these short-listed colleges and get more details about them by going through their websites. If required do inquires with the university support staff and take relevant information.

c. The college campuses are the most important factor for a student to go for any college. The campus comprises library, laboratories, sports facilities, accommodation etc. Another factor is the types of courses offered by the college and that they suit a candidate’s preferences.

d. Admission fee is the next most important factor to go for a college. Some premier colleges offer good scholarships to the students based on the merit. For others the banks provide the educational loan to the students.

e. Annual fee should be taken into consideration by the candidate as it will decide the next course of action for gathering the funds for the admission. The family income bracket in which an individual falls in, shall decide the state or federal grant/loan given to a candidate for college degree.

f. Another important factor to be measured is the graduation rate of a college. This means the difference of the number of students enrolled in a particular year and the number of students from them pass out with a degree should be minimum. More the graduates from a particular university or a college in a year, higher will be the graduation rate and this ensures that the college is worth a go. Usually the accredited universities should be short listed those which are recognized by the state and provide superior education.

g. The ultimate aim of a college degree is to get a better job opportunity and hence a higher income. While deciding for a college the placement ratio post the graduation should be considered too. In case of the federal loans availed for attaining the university degree post college income matters the most in order to repay the debts.

h. Admission rate is also a parameter that decides a candidate’s entry into that college or university. Admission rate refers to the number of applicants that are admitted in that college or university. The college with stringent criteria poses more competition before the candidates and hence results in the intake of crème-de-la-crème lot.

The admission criteria of almost all colleges includes a minimum score of GPA , a cut-off score of the entrance test and some more requirements to be met that varies from institute to institute and also courses taken , depending upon an institutes's acceptance rate.

i. Student to teacher ratio is one crucial determinant for a college to be called as a good college. Bigger class sizes lead to divided attention of the teacher among larger group of students. Smaller class size ensures more focused teacher student interaction and bonding.

j. The practical implementation of the theory that is taught in a college is most important for a student. The intern ships offered by a university or a college is a good start of a successful career. Secondly the hands-on and practical sessions conducted by the institutes empower the students with real time situations how to face them better.

k. Lastly , the career defining counselling provided by the institute in order to guide the students about the plethora of opportunities that lay before them in the outside world.

The selection process of a college to attain a graduation degree is instrumental in a person’s career and financial growth.