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One of the major indicators of a country's external performance is its current account. A Current Account Deficit decreases country's net foreign assets by the corresponding amount. India's Current Account has been impacted by several shocks and events over the last few decades. The country weathered a series of crises, including the devaluation of the rupee in 1966, oil shocks in 1973 and 1980, external payments crisis of 1991, the East Asian crisis of 1997, and the global financial crisis of 2008. This paper presents an analysis of India's Current Account from 1991-2013. We took major components of India's Import Bill like Crude Oil, Gold, etc., Components of Government Policies like Government Expenditure, FDI. We used Correlation matrix analysis, Econometric Regression Model, Statistic test & Granger causality test to analyze the relations of different explanatory variables with Current Account & tried to find out which variable is affecting the Current Account the most, which will give us the reasons behind the recent India's Current Account Deficit widening.
About the author
Vidit Sangar has lived his life in New Delhi, Capital of India. He graduated in BA (H) Business Economics from esteemed Delhi University. With his latest offering "In Depth Analysis of Cadbury and Nestle Marketing Strategies", he tries to pen down marketing strategies for Cadbury and Nestle two major chocolate player in India in an extremely clear way.
Summary
Robert Johnson's story presents a fascinating paradox: Why did this genius of the Delta blues excite so little interest when his records were first released in the 1930s? And how did this brilliant but obscure musician come to be hailed long after his death as the most important artist in early blues and a founding father of rock 'n' roll?
Elijah Wald provides the first thorough examination of Johnson's work and makes it the centerpiece for a fresh look at the entire history of the blues. He traces the music's rural folk roots but focuses on its evolution as a hot, hip African-American pop style, placing the great blues stars in their proper place as innovative popular artists during one of the most exciting periods in American music. He then goes on to explore how the image of the blues was reshaped by a world of generally white fans, with very different standards and dreams.
The result is a view of the blues from the inside, based not only on recordings but also on the recollections of the musicians themselves, the African-American press, and original research. Wald presents previously unpublished studies of what people on Delta plantations were actually listening to during the blues era, showing the larger world in which Johnson's music was conceived. What emerges is a new respect and appreciation for the creators of what many consider to be America's deepest and most influential music.
Wald also discusses how later fans formed a new view of the blues as haunting Delta folklore. While trying to separate fantasy from reality, he accepts that neither the simple history nor the romantic legend is the whole story. Each has its own fascinating history, and it is these twin histories that inform this book.
Additional text
"If you read only one book about blues...read this one."
