group 4 research methodology
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A STUDY ON
GLOBAL STIMULUS EFFORT
Project work submitted in partial
Fulfillment of the requirement for the degree on
MASTER OF BUSINESS ADMINISTRATION
By
Group 4
NIRANJANA 09/EP 1716
PALLAVI.S 09/EP1717
PARVEEN NISHA 09/EP1718
PAVITHRA.G 09/EP1719
POORNIMA.S 09/EP1720
Under the guidance of
Mrs. JAYA
Lecturer
DEPARTMENT OF MBA
ETHIRAJ COLLEGE FOR WOMEN
CHENNA 108
MARCH 2010
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DECLARATION
We hereby declare that the project work titled on GLOBAL STIMULUS EFFORT, submitted
by us in partial fulfillment of the requirement for the degree of MASTER OF BUSINESS
ADMINISTRATION, ETHIRAJ COLLEGE for Women (Autonomous) Chennai, is my original
work and it has not formed the basis for the award of any other Degree.
Data:
Place: Chennai GROUP.4
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Acknowledgement
The immense pleasure and joy one derives on the completion of the assigned job is beyond
description. It is our duty to pay respects and acknowledge the advice, esteemed guidance and
assistance received from all quarters to such an accomplishment.
I take immense pleasure to thankMrs. Jaya for her constant support, valuable guidance and
suggestions during the course of project completion.
Finally, I thank all staffs of Ethiraj College for Women and department of mba for their
everlasting support.
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TABLE OF CONTENTS
CHAPTER NO TOPIC PAGE NO
LIST OF TABLES 5
LIST OF CHARTS 6
ABSTRACT 7
1. INTRODUCTION 9
2. OBJECTIVES 12
3. REVIEW OF LITERATURE 14
4. RESEARCH METHODOLOGY 16
NEED OF THE STUDY 16
SCOPE OF THE STUDY 16
RESEARCH DESIGN 17
RESEARCH INSTRUMENT 17
DATA COLLECTION 17
SAMPLING PROCEDURE 18
SAMPLE SIZE 18
5. DATA ANALYSIS AND INTERPRETATION 21
STATISTICAL TOOL 41
6. FINDINGS 46
7. CONCLUSION 48
BIBLIOGRAPHY
ANNEXURE
LIST OF TABLES
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S.NO TITLE PAGE NO
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1.1 Table showing gender responses. 21
1.2 Table showing the type of the organizations. 22
1.3 Table showing the nature of the businesses. 23
1.4 Table showing ages of the respondents. 24
1.5 Table showing effect of recession to the companies. 25
1.6 Table showing the factors of recession impact 26
1.7 Table showing the responses for provide of stimulus by the
government.
27
1.8 Table showing the types of recession stimulus. 28
1.9 Table showing best stimulus for organizations. 29
1.10 Table showing the responses of reaching of stimulus. 30
1.11 Table showing the satisfaction for adequate standard of living. 31
1.12 Table showing the government engaged inmore fiscally austere
and pro- cyclical policies,
32
1.13 Table showing the responses of economic stimulus. 33
1.14 Table showing responses on tax cuts. 34
1.15 Table showing responses of economic sectors. 35
1.16 Table showing impact of stimulus. 36
1.17 Table showing responses on the measures. 37
1.18 Table showing measures that benefitted the companies. 38
1.19 Table showing the effect of stimulus packages. 39
1.20 Table showingthe government withdraw stimulus package 40
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LIST OF CHART
7
S.NO TITLE PAGE NO
1.1 Chart showing gender responses. 21
1.2 Chart showing the type of the organizations. 22
1.3 Chart showing the nature of the businesses. 23
1.4 Chart showing ages of the respondents. 24
1.5 Chart showing effect of recession to the companies. 25
1.6 Chart showing the factors of recession impact. 26
1.7 Chart showing the responses for provide of stimulus by the
government.
27
1.8 Chart showing the types of recession stimulus. 28
1.9 Chart showing best stimulus for organizations. 29
1.10 Chart showing the responses of reaching of stimulus. 30
1.11 Chart showing the satisfaction for adequate standard of living. 31
1.12 Chart showing the government engaged inmore fiscally austere and
pro- cyclical policies,
32
1.13 Chart showing the responses of economic stimulus. 331.14 Chart showing responses on tax cuts. 34
1.15 Chart showing responses of economic sectors. 35
1.16 Chart showing impact of stimulus. 36
1.17 Chart showing responses on the measures. 37
1.18 Chart showing measures that benefitted the companies. 38
1.19 Chart showing the effect of stimulus packages. 39
1.20 Chart showingthe government withdraw stimulus package 40
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ABSTRACT
Many nations of the world have enacted fiscal stimulus plans in response to the global,
on going recession. These nations have used different combinations of government spending and
tax cuts to boost their sagging economies. Most of these plans are based on the Keynesian theory
that deficit spending by governments can replace some of the demand lost during a recession and
prevent the waste of economic resources idled by a lack of demand.
This research project was conducted on the Indian governments stimulus packages given to
boost the economy of our country. The first stimulus was announced on 7th
December 2008, thesecond stimulus on 2nd January 2009 and the third stimulus on 24 th February 2009.
The aim of this research project was to study the global economic environment and ascertain
whether the steps taken by the Indian government to revive the economy are truly progressive or
just an eyewash.
Indian government was comparatively very late to come to terms with the global economic
meltdown as compared with other huge economies like the United States of America, China, the
European Union, the Russian Federation, South-east Asian countries, Japan and Korea. This
move to wait and watch and then infuse liquidity into the economy has been largely disastrous
for the UPA coalition government.
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CHAPTER 1
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INTRODUCTION
Stimulus effort actually mean the effort taken to provide impetus for the economic
developmental activities of a Nation. It ranges from interest rate reduction, lowering the Cash
Reserve Ratio to tax reduction or subsidy. And when the same is planned in a broader plane,
across the globe, spanning several nations, for the purpose of sustaining the global economic
development, then it sums up the definition of Global Stimulus Effort.
Global fiscal stimulus is essential now to support aggregate demand and restore economic
growth. The International Monetary Fund has called for fiscal stimulus in as many countries as
possible, including emerging market and advanced economies. Worldwide expansionary fiscal
policy combined with accommodative monetary policy can have significant multiplier effects on
the world economy. It also provides a framework for assessing the effects of fiscal actions
needed to help counter the contractionary pressures which may build in the world economy.
But not all countries are in a position to implement such plans. Some countries have financing
constraintseither high borrowing costs or difficulties in financing deficits at any costwhile
others are constrained by high levels of debt.
This results in the fall of Aggregate Demand. This may be explained in the following
way. The number of times you go to a restaurant reduces and so does the number to the grocery
store visits. As a result, the income of the grocery store and restaurant goes down too. When that
happens, they lay off their employees and those employees further reduce spending. Because of
this, businesses are discouraged from expanding and going out on new ventures and the
investments in the above equation goes down as well.
However it is a vicious circle. In order to stem the fall in aggregate demand, the government
launches a spending program to boost the aggregate demand and stimulate spending and
economic activity. This is known as a Fiscal Stimulus.
There are various ways in which a fiscal stimulus can be administered but there is no solution
that can fit all situations.
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The two main ways of providing fiscal stimulus are:
1. Tax Cuts: By cutting taxes, the government allows people to keep more in their pockets
and ultimately spend more. This increases Consumption in the above equation.
2. Government Spending: Direct government spending in infrastructure, social welfare or
other such things increases the Government Spending in the above equation and helps
boost the GDP.
When theres talk about fiscal stimulus, you will sometimes hear people talk about the multipliereffect. What this basically means is for the effect (in dollar terms) of the economy with every
rupee that the government spends. Hopefully, this is more than 1 (ie, the economy grows by
Rs.1.50 for every Rs.1 that the government spends). There are currently debates on what the
multiplier truly is right now and whether it even exists. There is certainly no single remedy for
developing the world economy.
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CHAPTER 2
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OBJECTIVE OF THE STUDY
Primary objectives:
To study the awareness that people posses about global stimulus.
To study the impact of recession on the economy.
To identify the effectiveness of the stimulus provided by the government.
Secondary objectives:
To know the various stimulus provided by the government.
To identify the reach of stimulus to the public.
Various factors of recession.
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CHAPTER 3
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REVIEW OF LITERATURE
From a research conducted by Industry body of Assocham has inferred that the stimulus
measures has helped industry in creating 19% more jobs during October-January 2008-2009 overthe same period last year.
The chamber said the fiscal incentives, like cut in excise duty and service tax, announced by the
government has helped several sectors to register profits and create jobs.
"The strong pickup in domestic industrial production and improving export orders have led to
acceleration in the job creation process," it said.
Industrial production registered a growth of 16.8% in December, which is a 16-year high.
The stimulus provided by the other countries boosted the international trade, which also
increased the export and import activities in India and created jobs in manufacturing and
merchandising sectors, Assocham said.
The automobile sector registered 24% growth in job creation during October-January 2009-10
over the same period of last year, it said adding hospitality segment recorded 19% growth in
employment generation.
The other sectors that have created jobs include insurance, banking, engineering goods, computer
hardware, telecom and retail, it said.
However, sectors like agriculture, FMCG, HR and textile sectors recorded marginal decline in
job creation during the period, it added.
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CHAPTER 4
RESEARCH METHODOLOGY
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Research
Research is an academic activity and as such the term should be used in a technical
sense. According to Clifford research comprises defining and redefining problem formulating
hypothesis or suggested solutions, collecting organizing and evaluating data, making deductions
and researching conclusion and at last carefully testing the conclusions to determine whether
they fit the formulating hypothesis
Need for the study
It is essential to know the impact of recession on the economy to predict the growth of
the economy. This study is important to know the level of awareness that people of the society
posses on global stimulus. The stimulus efforts taken by the government is also considered for
the economic growth, thus its is necessary to conduct this study on global stimulus efforts.
Scope of the study
This study has a wide scope in knowing the level of awareness of the people on stimulus
and recession. The various efforts taken by the government to overcome the recession period is
also studied. This research also elaborates on various effective means or ways of providing
stimulus to various sectors.
Research design
A descriptive study is undertaken in order to ascertain and be able to describe the
characteristics of the variables of interest in a situation.
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Descriptive studies are under taken in society to learn about and describe the
characteristics of a group of people as for example, the age, education level, general awareness
about SIBC etc. Descriptive studies are also undertaken to understand the CSR activity of
organization that follow certain common practices.
Research instrument
The Research instrument used in this study is a structured questionnaire. Structured
questionnaire in which there are definite, concrete and predetermined questionnaire relating to
the aspect for which the researcher collects data. The questions are presented with exactly the
same order to the rural people, employees, government officials, customers.
Data collection
Two types of data were collected for this project
1. Primary data
2. Secondary data.
Primary data
Primary data were collected through questionnaire and direct personal interview. The
questionnaire was framed as such a manner to obtain correct information, graded suitably for the
study. All questionnaires were distributed to the respondents and collected immediately form the
respondents.
Secondary data
The secondary data are collected from available published records like newspapers,
magazines and websites.
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Sampling procedure
Convenience sampling has been used in this study. Convenience sampling is used for the
selection of homogeneous sample for the study. It is non-probability sampling. It refers to the
selection a sample of subjects on convenience, thus research study may include study objects
which are conveniently located.
Sample size
Due to time and resources constraints the sample size is taken as 30. Respondents were
from various sectors.
Period of study
This study was done for a period of THREE months during the regular course of the
mba program.
Statistical tools
Chi- Square Test Analysis:
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The square of a standard normal variate is known as Chi-Square variate with 1 degree of
freedom. The chi-square tests a fairly simple and definitely the most popular of all the other tool,
the chi-square test is most widely used non-parametric tests in statistics. It makes no assumption
about being sampled. The quality chi-square describes the magnitude of discrepancy between
theory and observation.
i
ii
E
EO =
2
2)(
Where,
Oi = Observed frequency.
Ei = Expected Frequency.
Weighted Average method
Weighted average is used when the relative importance of the items is not the same.
Different weights are assigned to different and calculation is made. The weights assigned may be
actual, or arbitrary.
Weighted average = WiDi
Wi
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CHAPTER 5
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DATA ANALYSIS AND INTERPRETATION
GENERAL QUESTIONS:
TABLE: 1.1
CHART: 1.1
22
S.NO OPTIONS RESPONSES PERCENTAGE
1 MALE 26 87%
2 FEMALE 4 13%
TOTAL 30
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TYPE OF THE ORGANIZATIONS
TABLE: 1.2
S.NO OPTIONS RESPONSES PERCENTAGE
1 DOMESTIC 27 90%
2 MNC 2 7%
3 INDIAN MNC 1 3%
TOTAL 30
CHART: 1.2
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NATURE OF BUSINESS:
TABLE: 1.3
S.NO Options No: of Responses %
1. Manufacturing sector 3 10%
2. Agriculture sector 4 13.33%
3. Real estates 2 6.66%
4. Service sector 2 6.66%
5. IT sector 3 10%
6. Business 2 6.66%
7. Textile sector 2 6.66%
8. Others 12 40%
Total 30
CHART: 1.3
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AGE OF THE RESPONDENTS:
TABLE 1.4
S.NO Options No: of Responses %
1. Less than 35 5 16.66%
2. 35 45 11 36.66%
3. 46 55 10 33.33%
4. More than 56 4 13.33%
Total 30
CHART: 1.4
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SECTION 1
1. Did recession affect your business or company?
TABLE: 1.5
S.NO OPTIONS RESPONSE PERCENTAGE
1 YES 23 76%
2 NO 7 24%
TOTAL 30 100
CHART: 1.5
Interpretation: 76 % of the respondents are affected by the recession.
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2. How the recessions affect your business or company?
TABLE: 1.6
S.NO OPTIONS RESPONSE PERCENTAGE
1 Consumer spending might godown
7 26%
2 Competition could get fierce 8 30%
3 Your expenses will go up 8 30%
4 Your business will become
unpredictable
10 37%
5 Interest rates might come
down
4 11%
6 You could get a chance to
invest outside your business
2 4%
7 Your employees could
demand higher salaries
6 22%
CHART:1.6
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Interpretation: 37 % of the respondents feel that recession is affected in their business will
become unpredictable and 30% in competition could get fierce and their expenses will go
up
3. Did government provide any recession stimulus to your company or business?
TABLE: 1.7
S.NO OPTIONS RESPONSE PERCENTAGE
1 Yes 12 40%
2 No 18 60%
TOTAL 30 100
CHART: 1.7
Interpretation: 60% of the respondents say that they didnt get any stimulus by the
government..
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4. If yes what types of recession stimulus government offered to your company or
business?
TABLE:1.8
S.NO OPTIONS RESPONSE PERCENTAGE
1 Tax cutting 5 38%
2 Government spending 3 23%
3 Additional funds 3 23%
4 General provisions 5 31%
5 Reduce interest 4 31%
6 Other 1 8%
TOTAL 20
CHART: 1.8
Interpretation: In table no 1.17 says that 40% of the respondents get the stimulus from the
government. In our view point 38% of the stimulus is given in tax cutting and 31% of the
stimulus is given in general provisions and reduce interest.
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5. In these recession stimulus which do you think is best stimulus for every organisation?
TABLE: 1.9
S.NO OPTIONS RESPONSE PERCENTAGE
1 Tax cutting 12 41%
2 Government
spending
3 7%
3 Additional funds 10 34%
4 General provisions 2 7%
5 Reduce interest 2 7%
6 Other 1 3%
TOTAL 30
CHART: 1.9
Interpretation: 41% of the respondents feel that the best stimulus is tax cutting and 34%of the respondents feel that the best stimulus would be additional funds.
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6. Did these stimulus provided by the government reach to your company or business?
TABLE: 1.10
S.NO OPTIONS RESPONSE PERCENTAGE
1 Yes 13 43%
2 No 17 57%
TOTAL 30
CHART: 1.10
Interpretation: 57 % of the respondents didnt receive any stimulus from the government
and 13% of the respondents dont have any aware of the stimulus package.
7. Have economic stimulus packages been adopted in order to promote an adequate
standard of living for all?
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TABLE: 1.11
S>NO OPTIONS RESPONSE PERCENTAGE
1 Yes 11 37%
2 No 9 30%
3 No comments 10 33%
TOTAL 30
TABLE: 1.11
Interpretation: 37 % of the respondents feel that the stimulus packages have promoted
an adequate standard of living for all.
8. Has your government engaged in more fiscally austere and pro- cyclical policies,
such as cutting spending on social services?
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TABLE: 1.12
S.NO OPTIONSRESPONSE
SPERCENTAGE
1 Yes 11 36%
2 No 3 11%3 Not aware 16 54%
TOTAL 30
CHART: 1.12
INTERPRETATION: 54% of the respondents are not aware of that government engaged
in more fiscally austere and pro- cyclical policies.
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9. What sorts of economic stimulus interventions has your government made? (For
instance, has your government instituted or expanded cash transfers to the poor,
investments in infrastructure, increases of the minimum wage, or tax cuts?)
TABLE: 1.13
S.NO OPTIONS RESPONSES PERCENTAGE
1 Yes 7 24%
2 No 13 45%
3No
Comments10
31%
TOTAL 30
CHART: 1.13
INTERPRETATION: 45 % of the respondents feel that government has not expanded
cash transfers to the poor, increased investments etc. Thus the economic stimulus efforts of
the government has not made any increase in investments or wage or expanded cash
transfers.
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10. If tax cuts made up part of the stimulus, what percentage of the total intervention
was it?
TABLE: 1.14
S.NO OPTONS RESPONSES PERCENTAGE
1 Below 10 % 22 71%
2 10% - 30% 8 29%
3 30% - 50% 0 0%
4 above 50% 0 0%
TOTAL 30
CHART: 1.14
INTERPRETATION: Here, 71% of the respondents state tax cuts made up part of the
stimulus is only below 10% .
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11. If there is any social actors and which economic sectors have benefitted most by these
stimulus packages?
TABLE: 1.15
S.NO OPTIONS RESPONSES PERCENTAGE
1 Yes 10 34%
2 No 9 28%
3 No Comments 11 38%
TOTAL 30
CHART: 1.15
INTERPRETATION : Though 34% of the respondents feel there are economic sectors
which were benefitted by stimulus packages, 38% of the respondents are not aware of the
benefits the sectors gain through stimulus packages.
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12. If there is any gendered impacts of the economic stimulus, for example of investing in
certain sectors of the economy?
TABLE: 1.16
S.NO OPTIONS RESPONSES PERCENTAGE
1 Yes 14 45%
2 No 13 45%
3 No Comments 3 10%
TOTAL 30
CHART: 1.16
INTERPRETATION: 45% of the respondents agreed that there are gendered impacts of
stimulus and other 45% didnt agree with it.
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13. Were any measures taken which directly address the needs of the newly unemployed,
or provide support for single heads of households and caregivers?
TABLE:1.17
S.NO. OPTIONS RESPONSES PERCENTAGES
1 Yes 4 14%
2 No 14 48%
3 No Comments 12 38%
4 If Yes, mention here 0 0%
5 Other 0 0%
TOTAL 30
CHART: 1.17
INTERPRETATION: 48% of the respondents have stated that there were no measures
taken to address the needs of the unemployed and single heads of family.
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14. Is your government ensuring anti-corruption and other types of measures in the
programs to guarantee that they are reaching all the intended beneficiaries?
TABLE: 1.18
S.NO OPTIONS RESPONSES PERCENTAGE
1 Yes 14 45%
2 No 12 41%
3 No Comments 4 14%
TOTAL 30
CHART: 1.18
INTERPRETATION: 45% of the respondents have stated that government has taken anti-
corruption measures and ensured that stimulus reaches the intended beneficiaries.
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15. In which ways have these stimulus packages in your estimate is?
TABLE: 1.19
S.NO OPTIONS RESPONSES PERCENTAGE
1 Strengthened 20 69%
2 Weakened 10 31%
TOTAL 30
CHART: 1.19
INTERPRETATION: 69% of the respondents feel that stimulus packages have
strengthened the economy.
16. When should the government withdraw stimulus package?
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TABLE: 1.20
S.NO OPTIONS RESPONSES %
1. Strongly agree 0 0%
2. agree 3 10%
3. disagree 10 33%4. Strongly disagree 17 57%
TOTAL 30
CHART: 1.20
INTERPRETATION : Here 57% of the respondents have strongly disagreed that stimulus
package should not be withdrawn this year.
STATISTICAL TOOLS:
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I .CHI SQUARE:
1. *NULL HYHPOTHESIS: Provision of stimulus has not had any positive
impact in helping the industrial sectors overcome the problem of recession.
O observed frequencies
E expected frequencies
O E O-E (O-E)2 (O-E)2/E
11 13 1 1 .033
2 3 -1 1 .033
12 13 -1 1 .033
5 4 -1 1 .033
X2 = .132
= .132
V= (R-1)(C-1) = (2-1)(2-1) = 1
V= 1 x2 0.05+ 3.384
INTREPRETATION: For, the calculated value of X2 is lesser than the table value. The Ho is
accepted. Hence, stimulus is not effective to the recession.
2. *NULL HYHPOTHESIS:Provision of stimulus has not reached the people.
42
Particulars Stimulus provided Stimulus not
provided
Recession affected 10 13 23
Recession not
affected
3 4 7
13 17 30
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O observed frequencies
E expected frequencies
O E O-E (O-E)2 (O-E)2/E
10 6 4 16 .533
3 7 -4 16 .533
3 7 -4 16 .53314 10 4 16 .533
X2 = 2.132
= 2.132
V= (R-1)(C-1) = (2-1)(2-1) = 1
V= 1 x2 0.05+ 3.384
INTREPRETATION: For, the calculated value of X2 is lesser than the table value. The Ho is
accepted. Hence, stimulus is not reached the people.
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Particulars Stimulus reached Stimulus notreached
Stimulus provided 10 3 13
Stimulus not
provided
3 14 17
13 17 30
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3. *NULL HYHPOTHESIS: Let us take the hypothesis that provided stimulus is not of
strength to the society.
O observed frequencies
E expected frequencies
O E O-E (O-E)2 (O-E)2/E
11 9 2 4 0.13310 12 2 4 0.133
2 4 2 4 0.133
7 5 2 4 0.133
X2 = 0.532
= .132
V= (R-1)(C-1) = (2-1)(2-1) = 1
V= 1 x2 0.05+ 3.384
INTREPRETATION: For, the calculated value of X2 is lesser than the table value. The Ho is
accepted. Hence, provided stimulus is not strength to people.
II. WEIGHTED AVERAGE METHOD:
44
Particulars Stimulus provided Stimulus not
provided
Strength 11 2 13
weakness 10 7 17
21 9 30
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S.NO OPTIONS RESPONSES
1. Strongly agree 0
2. agree 3
3. disagree 10
4. Strongly disagree 17
TOTAL 30
PARTICULARS 1 2 3 4
FACTOR 0*4 3*3 10*2 17*1
TOTAL 0 9 20 17
= 46/30
= 1.533
INTREPRETATION: MOST of the respondents disagree. So, The government should nottake the stimulus package now.
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CHAPTER 6
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FINDINGS
Most of the organizations were affected by recession.
The impact of recession was tough completion and unpredictable business.
From the responses it was inferred that majority of the population feels that government
provided very limited stimulus to various sectors.
Large population feels that tax cutting and additional funds from the government would
be beneficial.
Stimulus of tax cuts were below 10%.
It is inferred that stimulus provided by the government did not reach the people.
The stimulus provided was not of great strength to the people.
Large population feels that government should not withdraw the stimulus now or in the
near future.
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CHAPTER 7
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CONCLUSION
Indias growth is based essentially on investing its own savings, and so is relatively insulated
from global finance and fashions. This scenario depends on a resumption of global growth early
in the next fiscal year.
It is important that the industry and other sectors of economy respond to government initiatives
in full measure and pass on the benefit of price cuts to the consumers. They need to realize that
in the current global crisis when international demand is shrinking, it is only the domestic
demand that can keep the business going.
The business environment of the future will be intensely competitive. Countries will want their
own interests to be safeguarded. As tariffs tumble, non-tariff barriers will be adopted. Newconsumer demands and expectations coupled with new techniques in the market will add a new
dimension. E-commerce will unleash new possibilities. This will demand a new mindset to
eliminate wastes, delays, and avoidable transaction costs. Effective entrepreneur-friendly
institutional support will need to be extended by the Government, business and umbrella
organizations.
Thus the efforts of global stimulus should reach the people in time and effectively lead to
betterment of the country.
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BIBLIOGRAPHY
Books:
Research methodology, Kothari
web links:
http://www.banknetindia.com/banking/81214.htm
http://www.southdreamz.com/2008/12/government-unveils-stimulus-package-to-boost-economy/
http://www.hinduonnet.com/fline/stories/20090102252605400.htm
http://www.indiatogether.org/2008/dec/dsh-stimulus.htm
ANNEXURE
Questionnaire about Global Stimulus Efforts of Government
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http://www.banknetindia.com/banking/81214.htmhttp://www.southdreamz.com/2008/12/government-unveils-stimulus-package-to-boost-economy/http://www.hinduonnet.com/fline/stories/20090102252605400.htmhttp://www.indiatogether.org/2008/dec/dsh-stimulus.htmhttp://www.banknetindia.com/banking/81214.htmhttp://www.southdreamz.com/2008/12/government-unveils-stimulus-package-to-boost-economy/http://www.hinduonnet.com/fline/stories/20090102252605400.htmhttp://www.indiatogether.org/2008/dec/dsh-stimulus.htm -
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Section 1: GENERAL INFORMATION
ame of the Organization
ame of the person filling this questionnaire
osition held by the person filling this questionnaire
ge of the person filling this questionnaire
ature of Business
otal Workforce strength as of Feb. 2010:
omestic / Indian MNC / MNC
otal revenue in previous quarter (optional)
verage age of your organization
ender Ratio
ertifications received by your organization (ISO, SEI
MM, Six Sigma etc.)
egistered Office at:
resence in other locations in India:
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Section 2
1. Did recession affect your business or company?
a) Yes b) No
2. How the recessions affect your business or company?
a) Consumer Spending Might Go Down.
b) Competition Could Get Fierce.
c) Your Expenses Will Go Up.
d) Your Business Will Become Unpredictable.
e) Interest Rates Might Come Down.
f) You Could Get A Chance To Invest Outside Your Business.
h) Your Employees Could Demand Higher Salaries.
3. Did government provide any recession stimulus to your company or business?
A) Yes b) No
4. If yes what types of recession stimulus government offered to your company or
business?
a) Tax cutting
b) Government spending
c) Additional funds
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d) General provisions
e) Reduce interest
f) Other ( mention below)
Other:
5. In these recession stimulus which do you think is best stimulus for every organisation?
a) Tax cutting
b) Government spending
c) Additional funds
d) General provisions
e) Reduce interest
f) Other (mention below)
Other:
6. Did these stimulus provided by the government reach to your company or business?
a) Yes b) No
7. Have economic stimulus packages been adopted in order to promote an adequate
standard of living for all?
a) Yes b) No c) No Comments
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8. Has your government engaged in more fiscally austere and pro- cyclical policies,
such as cutting spending on social services?
a) Yes b) No c) Not aware
9. If tax cuts made up part of the stimulus, what percentage of the total intervention was
it?
a) below 10 %
b) 10% - 30%
c) 30% - 50%
d) above 50%
10. Was there any gendered impacts of the economic stimulus, for example of investing
in certain sectors of the economy?
a) Yes b) No c) No Comments
11. Were any measures taken to directly address the needs of the newly unemployed, or
provide support for single heads of households and caregivers?
a) Yes b) No c) No Comments
If Yes mention here:
12. Is your government ensuring anti-corruption and other types of measures in the
programs to guarantee that they are reaching all the intended beneficiaries?
a) Yes b) No c) No Comments
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13. In which ways have these stimulus packages in your estimate is?
a) Strengthened b) weakened
14. When should the government withdraw stimulus package?
1. STRONGLY AGREE
2. AGREE
3. DISAGREE
4. STRONGLY DISAGREE
15. What does the stimulus plan mean for social security disability?
16. Do you think our nation will benefit fully from stimulus package? Comment on it.