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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 thank Mrs. 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

5
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 27


government.

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 in more fiscally austere 32


and pro- cyclical policies,

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 showing the government withdraw stimulus package 40

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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 27


government.
LIST OF CHART
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 in more fiscally austere and 32
pro- cyclical policies,

1.13 Chart showing the responses of economic stimulus. 33

1.14 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. 7 38

1.19 Chart showing the effect of stimulus packages. 39

1.20 Chart showing the government withdraw stimulus package 40


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 government’s stimulus packages given to
boost the economy of our country. The first stimulus was announced on 7th December 2008, the
second stimulus on 2nd January 2009 and the third stimulus on 24th 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

9
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
constraints—either high borrowing costs or difficulties in financing deficits at any cost—while
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 there’s talk about fiscal stimulus, you will sometimes hear people talk about the multiplier
effect. 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

14
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 over
the 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.

χ2 =
∑ (O
i − Ei ) 2
Ei

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

S.NO OPTIONS RESPONSES PERCENTAGE


1 MALE 26 87%
2 FEMALE 4 13%
TOTAL 30

CHART: 1.1

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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 go 7 26%


down
2 Competition could get fierce 8 30%

3 Your expenses will go up 8 30%

4 Your business will become 10 37%


unpredictable
5 Interest rates might come 4 11%
down
6 You could get a chance to 2 4%
invest outside your business
7 Your employees could 6 22%
demand higher salaries

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 didn’t 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 3 7%
spending

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 didn’t receive any stimulus from the government
and 13% of the respondents don’t 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

RESPONSE
S.NO OPTIONS PERCENTAGE
S
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%
No 10
3 Comments 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% didn’t 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

Particulars Stimulus provided Stimulus not


provided
Recession affected 10 13 23
Recession not 3 4 7
affected
13 17 30

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.

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“O” – observed frequencies

“E” – expected frequencies

Particulars Stimulus reached Stimulus not


reached
Stimulus provided 10 3 13
Stimulus not 3 14 17
provided
13 17 30

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 .533
14 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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3. *NULL HYHPOTHESIS: Let us take the hypothesis that provided stimulus is not of
strength to the society.

“O” – observed frequencies

“E” – expected frequencies

Particulars Stimulus provided Stimulus not


provided
Strength 11 2 13
weakness 10 7 17
21 9 30

O E O-E (O-E)2 (O-E)2/E


11 9 2 4 0.133
10 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:


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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 not
take 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

48
CONCLUSION

India’s 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. New
consumer 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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Section 1: GENERAL INFORMATION
Name of the Organization

Name of the person filling this questionnaire

Position held by the person filling this questionnaire

Age of the person filling this questionnaire

Nature of Business

Total Workforce strength as of Feb. 2010:

Domestic / Indian MNC / MNC

Total revenue in previous quarter (optional)

Average age of your organization

Gender Ratio

Certifications received by your organization (ISO, SEI


CMM, Six Sigma etc.)

Registered Office at:

Presence 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.

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