The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). Electricity generation (weight: 10.32%)
Direct Materials doesn't come under Fixed Cost because it vary with changes in the activity level of a business.
Fixed Cost :
A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels.
It is of some importance to understand the extent and nature of the fixed costs in a business, since a high fixed-cost level requires a business to maintain a high revenue level in order to avoid generating losses.
Examples of Fixed Cost are:
Insurance, Salaries, Rent, Property Taxes,...
India has been placed in the second spot in the renewable energy country attractiveness index by EY. The UK accountancy firm noted the fast pace of growth in Indian renewable energy in the past three years. Over 10 gigawatt (Gw) of solar power was added between 2015 and 2017 and wind energy capacity grew to 5.4 Gw in 2017-18. This growth is in the context of the government?s ambitious targets ? 175 Gw of renewables by 2022, with 40 per cent installed capacity from renewables by 2030 ? and the dramatic price falls in photovoltaic technology.
"Take Off Stage" in an economy means Steady growth begins.
Comments
There are no comments.Copyright ©CuriousTab. All rights reserved.