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The crisis is rooted in continuous imbalances, including long periods of low interest rates, rapidly rising asset prices, and massive credit and savings imbalances. The 2007 and 2008 Reports from the World Economic Forum predicted these changes as continuous risk to the market.

Earlier decades of exceptional growth and capitalism at its best have now caused the market to adapt to tighter credit, growing government intervention, slowing pace of globalization, and no economic growth. With increasing regulations in the United States and decreasing availability of credit, the industry faces a significant risk of stunted growth. The global recession is also affecting the financial sector because of capital markets and decreased aggregate demand, according to Max von Bismarck, Director and Head of Investor Industries.

This article will provide leaders, employees and investors in the financial service industry with five unique and timely trends to keep in the forefront of their growth strategies for the next five years. These five key trends will shape the post financial crisis in a holistic and systematic manner.

FIVE KEY TRENDS

GLOBAL BANKING. According to the World Bank, although many banks such as American Express, Citibank and JPMorgan Chase conduct business in multiple countries, they are relatively regional in the United States. In order to grow, the financial industry will have to infiltrate emerging markets. For companies that have a more aggressive growth strategy, the spread to emerging markets such as Africa and Asia presents unparalleled opportunities for profit and increased market share.  Read more...

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BY

Dr.V.V.S.K.PRASAD.,M.Com.,M.B.A.,Ph.D.,

Professor and Head

E-Mail: vskprasad.vempati@gmail.com

ABSTRACT

Reforms of the financial sector constitutes the most important component of India’s programme towards economic liberalization.  The recent economic liberalization measures have opened the door to foreign competitors to enter into our domestic market. Deregulation in the form of elimination of exchange controls and interest rate ceilings have made the market more competitive.  Innovation has become a must for survival.

Many  of the providers and users of capital have changed their roles all over the world.  Financial intermediaries have come out of their traditional approach and they are ready to assume more credit risks.  As a consequence, many innovations have taken place in the global financial sector which have its own impact on the domestic sector also. The emergences of various financial institutions and regulatory bodies have transformed the financial services sector from being a conservative industry to a very dynamic one. In this process this sector is facing a number of challenges.

In this changed context, the financial services industry  in India has to play a very positive and dynamic role in the years to come by offering many innovative products to suit the varied requirements of the millions of prospective investors spread throughout the country.

Overview

Reforms of the financial sedctor constitutes the most important component of India’s programme towards economic liberalization.  The recent economic liberalization measures have opened the door to foreign competitors to enter into our domestic market. Deregulation in the form of elimination of exchange controls and interest  rate ceilings have made the market more competitive.  Innovation has become a must for survival.  Read more...

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If one takes an in-depth look at the fashion industry, one can see that this industry is larger than the music, film, and book publishing industries. The fashion industry makes its mark by setting newer trends in clothing and by influencing the fashion conscious consumers through various means to make them fall in line with those trends. In a way, trend-driven spending is good for the fashion industry as a whole, because it generates more profit for the designer houses. In fact, the creation of new trends is facilitated by a designers’ relative freedom to copy, a trait typical of the big dollar fashion industry. However, if the law had prohibited copying of the various designs churned out by fashion designers, then everything would have taken a different course. Then, the fashion industry, as such, would have had a much difficult time creating and responding to the different trends at different times.

Change is constant, and that is how this industry has turned out to be. Since modern day fashion is in a state of flux, one has to keep one’s finger on the pulse to catch up with the pace. Fashion industry comprises clients that include public as well as privately-held domestic manufacturing units, foreign apparel manufacturers, big house designers and the retailers. In fact, setting trends means inducing or luring the consumers to follow the latest in styles and trends. This process has led to a sea change in the popular concept leading the public to treat fashion clothing as a medium to express one’s attitudes and status. These fashion goods will get replaced in accordance with the changes in fashion and trends. In other words, these designer clothes are not treated as durable goods that need to thrown away only when they are unfit to be used. But, a bill is pending before the House which is seeking to extend copyright protection to the various designs in fashion. And, if copyright law is extended to fashion designs in clothing, the exclusive innovation culture in the fashion industry will come under the legal scanner.  Read more...

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Fashion design can be defined as the applied art set aside to create designs in various clothing outfit and lifestyle accessories and in accordance with the cultural and social influences of a particular period in time. Fashion designers have started a revolution in the world of glamour with their admirable and fabulous variety of clothing designs and material. This industry has always welcomed genuine new talents that have grown to become the stars of the future. Designer wears created only after 1858 are considered as fashion design materials while all the items of clothing made until that period are classified by academics as falling under the category of costume design.

Fashion designers are the people who create the fashion apparels including, shoes and accessories flooding the market every year for use by the consumers. Fashion designers operating for apparel wholesalers and textile manufacturers create unique designs meant for satisfying the appetite of the fashion conscious masses. They create elegant, expensive and sometimes funny or silly clothes that are worn by models parading down runways at least twice a year. Designers create clothing and other fashion accessories for men, women and children, and some of the high-fashion designers choose to design clothes meant only for people belonging to the higher strata of the society and for celebrity clients. Still some others cater to the needs and demands of specialty dress stores and high-fashion department stores.  Read more...

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If you are one who breathes fashion, then a career in the fashion world can suit your style and aspirations. For fashion connoisseurs and enthusiasts all over the world, a career in fashion offers big opportunities and big money; an opportunity to influence the fashion conscious society and to change the way people dress themselves up in the modern world. Fashion industry offers excellent chance for those in the fashion design segment and to those in the sales and marketing domain otherwise known as fashion merchandising. You can further subdivide the industry by choosing to concentrate on a particular style or design.

Aspiring people will find fashion career opportunities as costume designers for small screen productions, films and theatre productions. One can find opportunities as personal stylists to private clients, or can choose to work for high-end designer cloth stores, or go for fashion photography. Other popular choices include modelling work for everything ranging from newspapers advertisements to design houses and also thronging the ramps in Milan and Paris. In order to turn your passion for fashion into a money spinning career, you need more than just the enthusiasm and ideas of a novice. You have to have technical as well as industry expertise to turn your ingenious energies into a big brand. The starting point could be a fashion school which provides education that promise to offer a really rewarding outlet for your resourceful talents. Quality education should prepare you for a glorious fashion career, even if not at the beginning, as some may have to work in a supporting role, for a start.  Read more...

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