Varun Kesavan Bücher

The book explores the evolution of the online payments system in India, tracing its origins from the introduction of credit cards in the 1980s to the recent surge fueled by the pandemic. It highlights the rapid growth of the industry, projected to reach US$ 700 billion in 2022, driven by increased smartphone usage and internet accessibility. The narrative delves into various forms of online payments, the emergence of new businesses, and applications catering to the rising demand, offering a comprehensive view of this dynamic sector.

The book focuses on the growth analysis of India's foreign trade, highlighting a strong recovery in 2021-22 following the pandemic. It discusses the surge in capital flows and foreign exchange reserves, which support economic growth. However, it also addresses potential challenges such as global liquidity tightening, commodity price volatility, and the resurgence of COVID-19 variants. The rebound in merchandise exports and imports, surpassing pre-COVID levels, is attributed to global demand recovery and government initiatives, with the USA, UAE, and China as key trade partners.

Focusing on the growth analysis of India's tourism and hospitality sectors, the book highlights the industry's role as a crucial economic multiplier within the Make in India programme. It explores India's diverse geographical offerings and unique tourism products, including cruises and eco-tourism, which have significantly boosted tourist arrivals and employment. The potential for cruise tourism is particularly emphasized, with projections for passenger traffic and economic growth. Additionally, the book discusses the development of infrastructure supporting tourism, such as hotels and transportation.