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.
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,...
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%)
"Take Off Stage" in an economy means Steady growth begins.
Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ...
Capital has a number of related meanings in economics, finance, and accounting.
In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship.
In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.
Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity of demand for farm products is thus low.
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