Profile
Settings
Refer your friends
Sign out
The company S&P is considered a well-known organization that manages work in the banking sector. One of the most important and effective creators of indices within the financial market is often founded on the S&P index. The S&P index fund is considered an important type of mutual fund of which the EFT (Exchange-Traded Fund) is a significant part. Total turnover value regarding NSE is found to be represented as 93% by the NIFTY 500. India is considered the most impactful and significant recipient of remittances that are followed by China.       Â
Facts regarding the S&P index
- S&P is used as a relevant investment benchmark.
- An important issue in credit ratings can be mentioned as the company S&P.Â
- NIFTY 500 can be mentioned as an important part of the Indian S&P index.
- This is considered as the first stock market index in a broad-based market.
- The NIFTY 500 index is found to represent almost 96% of total Indian capitalization factors.
- A financial market index is considered included within this type of index.            Â
Importance of reports and indices for UPSCÂ
The released indices by the World Bank were considered important for the UPSC exam.Â
- According to reports and indices , global economic prospects are the most important factor that affects the banking sectors of a particular region.Â
- As per the released global economic prospects, the value of the global economy is going to grow very much in the next few years.
- The economy of India can be expected to grow at least 8.3% in the years 2021 and 2022.
- In the next two years, 2022 and 2023, the Indian economy is expected to increase by 7.5%, and from 2023 to 2024, the rate can be 6.5%.
- The remittance is considered as the money that is sent to someone from another country.
- In a developing nation, remittances are found to represent and consider an important source of income for people with a low-income rate.
- India’s reserves regarding foreign exchange are bolstered by significant remittances. These remittances are found to help funds in terms of current accounts regarding deficits.Â
- ADB (Asian Development Bank)’s report regarding key indications is important – Social, economic, and financial statistics of 49 regional members are an important part of this report.                               Â
Purpose and importance of social progress index
Environmental and social needs of citizens of a particular region can be measured by considering a social progress index. The main purpose of this index is to measure the extent of a country in this regard. The performance of a nation in terms of providing essential requirements regarding social and environmental benefits can be evaluated on the basis of this index.               Â
Facts of social progress index
The social progress index is found to be divided into three significant dimensions.Â
Dimensions | Description |
|---|---|
Basic human needs | In terms of understanding the needs of citizens of a country, this dimension can be considered important. Basic medical care, shelter, sanitation, water, nutrition, and personal safety are some basic needs in this regard. |
Opportunities | Opportunities are needed within a society in terms of ensuring overall development and progress. In terms of increasing the scope of development of a society and providing opportunities in which citizens of a country can explore themselves, this index is necessary. A lower index can present a low opportunity for syncope. A country can implement significant strategies to increase opportunities. |
Foundation about wellbeing | Maintenance of the well-being of citizens is important to increase the overall performance of a society. The Mental, as well as physical well-being of a society, impacts the overall development of a region. Proper access to knowledge and information can be considered as a significant part of this dimension of a social progress index. |
Conclusion
The S&P index has been introduced in the Indian market in order to design a compact, strong, and broader aspect of the financial terms. As per the S&P index, there are nearly 500 constituents regarding S&P BSE AllCap. Almost all major industries of India are found to be covered by this index. Industry weights, presented by the S&P index are considered important for reflecting the particular weights of a company in the banking market. The total market of the S&P index is found to comprise significant stocks.
