M.Com (
M.Com (
BUSINESS MANAGEMENTBUSINESS MANAGEMENT))
3
3
rdrdSEMESTER
SEMESTER
PESTLE AND DEMOGRAPHIC ANALYSIS OF MAURITIUS PESTLE AND DEMOGRAPHIC ANALYSIS OF MAURITIUS
SUBMITED BY
SUBMITED BY
ALI JAMAL
ALI JAMAL
ROLL NO. 24
ROLL NO. 24
M.Com (
M.Com (
BUSINESS MANAGEMENTBUSINESS MANAGEMENT))
3
3
rdrdSEMESTER
SEMESTER
PESTLE AND DEMOGRAPHIC ANALYSIS OF MAURITIUS PESTLE AND DEMOGRAPHIC ANALYSIS OF MAURITIUS
SUBMITED BY
SUBMITED BY
ALI JAMAL
ALI JAMAL
ROLL NO. 24
ROLL NO. 24
CERTIFICATE
CERTIFICATE
This is to certify Mr. Ali Jamal of M.Com Business Management semester 3
This is to certify Mr. Ali Jamal of M.Com Business Management semester 3rdrd 2013-2014 has2013-2014 has successfully completed the project on ―PESTLE and Demographic Analysis of Mauritius‖ under successfully completed the project on ―PESTLE and Demographic Analysis of Mauritius‖ under the guidance of Ms. Shradha Jain.
the guidance of Ms. Shradha Jain.
Project Guide Project Guide ________ ________________________________________ __ Course Coordinator Course Coordinator _______ ________________________________________ ___ Internal Examiner Internal Examiner _______ ________________________________________ ___ External Examiner External Examiner ________ ________________________________________ __ Principal _________________________ Principal _________________________ Date: ________ Date: ________ Place:
DECLARATION
I Mr. Ali jamal the student of M.Com Business Management 3rd Semester (2013-2014) hereby declare that I have completed the project on ―PESTLE and Demographic Analysis of Mauritius‖
The information submitted is true and original to the best of my knowledge.
Ali jamal
ACKNOWLEDGMENT
My sincere Thanks to Ms. Shradha Jain, K.P.B. Hinduja College of Commerce, Mumbai for her valuable guidance and support at all time.
Also, I would like to thank and remember my family, friends & neighbours for their effort and helping hand.
Every effort has been made to enhance the quality of work. However, I owe the sole responsibility of the shortcoming, if any, in the study.
Ali JAMAL
Roll No : 24
TABLE OF CONTENT
Sr. No TOPIC PAGE
1 Introduction 1
2 Historical Background 2
3 Objectives of the Study 3
4
Socialism Of Mauritius
4
5 Constituencies Of Mauritius 5
6 PESTLE Analysis 14
7 Foreign Relations & Partners Of Mauritius 25
8 Demographic Study of Mauritius 26
9 Analysis Of Major Industries 36
INTRODUCTION
Mauritius is a republic country with an ostensible president and a parliamentary
form of the government headed by a Prime Minister. There was a Rule by France
from 1715 to 1810 and by Britain from 1810 to independence in 1968. And from that
time, Mauritius is an established democracy whose citizens enjoy a full range of
Democratic freedoms. It includes freedom of speech and assembly and recourse to
an independent judiciary also. In the legitimate channels, the Political issues are
decided very peacefully. The press is very much free. And, it energetically
participates in the country‘s political life. Although Mauritius is a republic, it maintain
the British Privy Council as its court of final appeal.
The ruling labor government was replaced by an alliance of the Mouvement
Socialiste Militant (MSM), led by Sir Anerood Jugnauth, and the Mouvement Militant
Mauricien (MMM), led by Paul Berenger in the elections helded in September 2000.
In the National Assembly, the alliance won 54 of the 62 elected seats. Sir Anerood
Jugnauth became a Prime Minister when Paul Berenger was appointed as a Deputy
HISTORICAL BACKGROUND
Jugnauth (MSM) will become a President after the three years. But, it was
after the constitution is amended to confer greater power to that office. And he will be
handing over the prime ministership to Mr. Berenger (MMM) to complete the five
years term of the office. Further, we can say that the Political Risk in Mauritius is Moderate. The Mauritian government intervenes in the markets through subsidies and price controls. It
contributes to price inconsistency. During the slowdown, Monetary and Fiscal Policies both have been expansionary. And at the same time the government debt remains high. But, in mid-2011 in
the light of inflationary pressures, there was a
round of monetary tightening. The government is very much aggressive in facilitating
improvements in the business climate. The World Bank ranks Mauritius at the first
position among African nations in its Doing Business index, which is the most
effective part of Mauritius.
In a framework of a parliamentary representative democratic republic, p olitics of
Mauritius takes place. And, in that the President is the head of state and the prime
minister is the head of government who is assisted by a council of Ministers.
Mauritius itself has a multi-party system in which Executive power is being exercised
the National Assembly both. And, the absolute power is split between two positions
that is, the President and the Prime Minister.
Mauritius Politics is based on the principles representative democracy. In the
Republic of Mauritius, the parliament plays the most important role in the political
scenario of the country. There are different social as well as political forces that work
in the country. Mauritius is at the 29th position among the countries, which countries are under the British Commonwealth.
Mauritius gained the independence from the British Rule in the year 1968. And after
the independence, Mauritius Politics became dominant in the country. In December
1995, Mauritius elections were held for the first time. And, it was followed by
elections in 2000 and 2005. The National Assembly has 66 members in total.
General elections are held after every five years to select 62 out of 66 members of
the National Assembly. And, the remaining four members represent different ethnic
OBJECTIVES OF THE STUDY
Mauritius elects a legislature on a national level. The National Assembly has 70
members. Among those 70 members, 62 members elected for a four year term in 21
multi-member constituencies and remaining 8 additional "best loser" members
appointed by the Supreme Court. And, the president is elected for a five year term by
the parliament. Mauritius has a multi-party system, in which there are two or three
strong parties and a third party that is electorally successful.
Every voter has three votes. The total number of votes cast divided by three
(648,316) is lower than the actual number of people voting (666,178), because not
all of them cast three votes. Constituencies from 1 to 20 are physically in the island
of Mauritius and each has three elected members. And, constituency 21 is the island
of Rodrigues which has two elected members. The voters are based in the island of
SOCIALISM IN MAURITIUS
Socialism in Mauritius includes the Mauritian Militant Movement. It is also
known as MMM. This movement is a Left socialist political party in Mauritius.
The party was basically formed by a group of students in the late 1960s.
Another thing is that, it is the second largest single party in the National
Assembly with 20 MPs. Moreover, it is the second largest party in the local
government with 4 councilors. It is the major opposition party. As from 1st
May, 2012 it is a coalition opposition with the sister party Militant Socialist
Movement.
Mauritian Militant Movement was emerged in the year 1969, out of the
original Club des Etudiant, which dates to 1967. There was the major strike
and riots happened in France. And initially, the group was a club for the
University students. At that time, Paul Berenger was one of the initial leaders. 4
After his studies, he decided to launch a group. He just wanted to launch that
group just to fight for the rights of the students for a better education and
better equal opportunities for each and every student.
Movement. It is also known as the MSM. The MSM created from the MMM
dissidents, which is also one political party in the country.
The MSM managed to stay in power until 1995. It had won all elections in
1983, 1987 & 1991. But, the MMM came back in power in 1995 in a coalition
with the Labour Party. They resigned in the year 1997 and then came back
lastly in the government in 2000. But after that, the Prime Minister Paul
Berenger lost the general elections with 42.6% of direct votes which against
48.8% for the Alliance Sociale led by Navin Ramgoolam in the year 2005.
In 2010, the MMM had brought 42.46% with Paul Berenger as a leader and a
candidate to become the Prime Minister. But, it lost to the alliance being led
by Navin Ramgoolam which obtained 49.31% of direct votes. So, they form
the major opposition party with Berenger as the ― Leader of the Opposition‖.
For the purpose of promoting socialism, the MMM principles are there. Those principles are existing to advocate a fairer and more democratic Mauritian
society. And those are free from discrimination which is because of social
LABOR PARTY IN MAURITIUS
The Mauritian Labour Party is a centre-left social-democratic political party in Mauritius. It is one of the three main Mauritian political parties along with the Mauritian Militant Movement and the Militant Socialist Movement. The Labour Party was founded in the year 1936 by Dr. Maurice Cure. The foundation of Labor Party was based on the British Labour Party with the vision and determination of promoting workers' rights and freedom as well as compensation including a higher wage rate with paid leaves. The movement was very much encouraged by 55 conferences. And those conferences were held by the leaders of the party throughout the
country.There were some other goals also, which includes the initial resolutions to obtain suffrage
for the working class, the prohibition of capitalist exploitation of sugar plantations, the 5
organization of a Department of Labour, representation in the Legislative Council, as
well as the overall implementation of socialist values among Mauritian gov ernment
agencies.
The founders of the Mauritian Labour Party were Dr. Maurice Cure, Dr. Hassenjee
Jeetoo, Pandit Sahadeo, Emmanuel Anquetil, Jean Prosper, Barthelemy Ohsan,
Samuel Barbe, Godefroy Moutia, and Mamode Assenjee. The Labour Party remains
the oldest major political party in the Republic Mauritius. This party forms a coalition
government is formed under the Labour Party Leader - Navin Ramgoolam. He has
been leading the party since 1991.
But in the year 1955, Dr Maurice Cure died. And Emmanuel Anquetille became a
leader of the party until he was imprisoned and sent to the island of Rodrigues for
making strikes and encouraging workers to form trade unions for the purpose of
better rights and working conditions.
In the year 1958, Seewoosagur Ramgoolam marked a major history for the party
which turned itself from the very basic principle for workers' rights to a new vision
and policy. Moreover, the independence of the Country which was devastated with
poverty and famine led by the British Empire. Then in 1967, a constitutional
agreement was made in parliament following the numerous conferences in
Lancaster and London, United Kingdom. Coalition government including the Labour
Party, Muslim Action Committee & Independent Forward Block sealed the pact for Independence.
Then Labour Party led by Dr Ramgoolam, Satcam Boolell, Veerasamy Ringadoo,
Harold Walter in coalition with the Muslim Action Committee led by Abdool Razack
Jugnauth and Anerood Jugnauth pushed a motion in the legislative council to
provide for an independent country announced for 12th March, 1968.
There was the Hung parliament in the year 1976. It formed a coalition government
with the Mauritian Social Democrat Party led by Sir Gaetan Duval. Then in the year
1982, the party had suffered from a several electoral defeat from the
emerging MMM led by Paul Berenger & Harish Boodhoo. Then, Seewoosagur
Ramgoolam resigned to make way for the first elected MMM Prime
Minister, Anerood Jugnauth.
From 1983 to 1995, the Labour Party suffered various issues. It includes its electoral
support from the population. In the year 1984, the members of the party proposed to
the leader, Satcam Boolell to dissolve the Labour Party and to integrate the Militant
Socialist Movement which was a new created political party and the majority party in
parliament. In the year 1995, the Labour Party came back in power with the support of the MMM. And, Navin Ramgoolam became Prime Minister.
In the 2000 legislative elections, the party was a part of a coalition with the Mauritian
Party of Xavier-Luc Duval, which won 36.6% of the popular vote and eight out of 70
70 seats.
In the general election of 2010, the party had formed the majority of L'Alliance de
L'Avenir, which had regrouped the Mauritius Labour Party, the PMSD and the MSM. 6
The Alliance de L'Avenir won the general election with 41 seats against 18 seats for
L'Alliance du Coeur, which was being led by the MMM and 1 seat by the FSM. On
6th August, 2011 the Alliance broke. As a result of it, only the Mauritius Labour
Party, MR and the PMSD formed the government.
The modern and effective goals of the Mauritian Labour Party are to guarantee equal
opportunity to all citizens regardless of race, religion, sex, or class and to secure a
CONSTITUENCIES OF MAURITIUS
Constituencies of Mauritius are the electoral boundaries of the Republic. T he country elects 60members of parliament for a period of 5 years. There are 21constituencies in the Republic each of them returning 3 members exceptConstituency 21 which returns two members
only.Those electoral boundaries are considered to be main pillars for elections as
they allow members of parliament to be elected and thus to form government. As it
has been mentioned in the constitution, the Electoral Boundaries Commission will
review the constituency boundaries.
Electoral Boundaries Commission report shall make recommendations for any
alterations to the boundaries of the constituencies as appear to the Commission to
be required so that the number of inhabitants of each constituency is nearly equal as
to the population quota that is the number of inhabitants of a constituency may be
greater or less than the population quota in order to take account of means of
communication, geographical features, density of population and the boundaries of
administrative areas.
According to the ancient constitution before 1967, Mauritius was divided into
elect a Chief Minister along with a council. The new Constitution was provided in
1992, but constituencies still remains moreover same, where many small 40
constituencies has been mixed to form a total of 21. The results showed members
would be including twenty-four MPs of Hindu community, three Mps elected from the
Muslims, one Mp elected from the sino-Mauritians and remaining 12 Mps were of
Christian group. The equality of representation thought ethnic groups which are 7
considered as very sensible subject and then government decided to amend the law
and move it to a system of Best Loser was affected.
The Best Loser System
The method used in Mauritius to make sure that the minorities ethnic groups
are well and equally represented in the parliament is the Best Loser System. Apart
from 62 directly elected members, eight additional seats which are allocated for the
best losers who were candidates from the appropriate ethnic groups, namely the minorities was provided by constitution. The main build of Christians and Muslims
with a small percentage of Sino-Mauritian are minorities.
Political parties constitute the machinery for democratic control of political
form the basis of political pluralism. Seventy-two political parties registered for the
July 2005 Mauritian general elections,2 but the three largest and most dominant
ones are the Mouvement Militant Mauricien (MMM), the Labour Party (LP) and the
Mouvement Socialiste Mauricien (MSM). Interestingly, each of these three parties
has been in an alliance with one or the other at different times, leading to the quasi
domination of these three parties within the Mauritian political landscape.
Findings from the external regulatory framework component of the study
highlight the flexible nature of the Mauritian system and how the Electoral
Commission and its ancillary bodies contribute to the good conduct of elections.
While Mauritius has developed a strong ballot culture that is transparent and
accountable, it still has a number of important democratic deficits. The first-past-thepost electoral system that is in place has important implications for party
representation. The unfair nature of the system – as reflected by the disproportion
between the percentage of popular votes cast and the number of seats obtained in
parliament – has often been posited as an argument for change; but change seems
difficult to bring about.
Another major democratic deficit is the under-representation of women in the
Southern African Development Community countries on a number of socio-economic
indicators, the country is at the bottom of the list when it comes to women‘s representation; and the 2005 general election appears to be another missed
opportunity to address this imbalance.9
CHALLENGES AND OPPORTUNITIES OF MAURITIUS
1. These relate to improving gender representation in parliament and electoral
reform, such that parties with a high level of votes are not left out, as is often
the case under the present electoral system.
2. Another challenge that persists is the question of funding of political parties.
Openings have been made by the Select Committee on Political Party
POLITICAL HEADS OF MAURITIUS
CULTURAL VARIATION AS A POLITICAL CHALLENGE
Man is gregarious, but he has to learn to live in togetherness. Mauritius is a country
that guarantees equality within a welfare state system and a thousand actions taken
to ensure the provision and enjoyment of equal opportunities. The constitution of the
country does not believe in assimilation of minorities. We do not draw capital out of
the fact that there are minorities in the country. Every community‘s religious rights
are respected. A Tamil‘s festival is as important as that of a Hindi speaking Mauritian. Every Asian language has a radio or television channel. The principle of
equality provides recognition to every single culture in its own right. Mauritius has no
lesson to learn from Europe or America, the Arab world or India in matters of
developing an ―intercultural‖ mode of peaceful co-existence. The intercultural can be achieved only when we have gained mastery over multiculturalism.
Hence, Multiculturalism has been a characteristic feature of the island of M auritius.
Mauritian society includes people from many different ethnic and religious groups:
Hindu, Muslim and Indo-Mauritians, Mauritian Creoles (of African and Malagasy
descent), Buddhist and Roman Catholic Sino-Mauritians and Franco-Mauritians
(descendants of the original French colonists).The basic dilemma of polytechnics
societies can be expressed like; all members of a liberal democracy are entitled to
the same rights and opportunities.
Moreover, they also have the right to be different and in our age and day, the rights
of minorities to maintain and to be visible in the public sphere and to promote their
cultural specificity, including the school, media curricula and so on, are increasingly
emphasized on.
CONTEMPORARY HISTORY OF POLITICAL PARTIES AND
PARTYSYSTEM:-Politics of Mauritius takes place in a framework of a parliamentary representative
democratic republic, in which the President is the head of state and the prime
Mauritius has a multi-party system.
Executive power is exercised by the government. Legislative power is vested in both
the government and the National Assembly. The absolute power is split between two
positions, the President and the Prime Minister. Mauritian politics is vibrant and
characterized by coalition and alliance building. All parties are centrist and reflect a
national consensus that supports democratic politics and a relatively open economy
with a strong private sector. Alone or in coalition, the Mauritian Labor Party (MLP)
ruled from 1947 through 1982. The Mauritian Militant Movement/ Mauritian Socialist 11
Party (MMM/PSM) alliance won the 1982 election, taking all 60 seats in Mauritius. In
1983, defectors from the MMM joined with the PSM to form the Militant Socialist
Movement (MSM) and formed a majority in coalition with the MLP.
The MMM and MSM rejoined in a coalition that won the 2000 elections and, although
a handful of MPs defected from the MSM in early 2005, both parties went together to the next election in July 2005, competing against the Alliance Sociale, a MLP-led
coalition. The Alliance Sociale won the elections with an overwhelming majority.
In 2010, the MLP made a controversial alliance with the MSM, which is reported to
constituency No. 8 owing to MLP's leader's silent orders. The alliance again won the
majority with a comfortable number of seats defeating the MMM's alliance with two other parties.
.EXTERNAL REGULATIONS AND ENVIRONMENT
External environment – the regulatory, financial, political and electoral spheres in
which political parties grow and function – influences parties‘ strategies and
organization. The external environment also has a fundamental impact on the capacity of parties to become more effective agents of democratization. Mauritius
has a rather interesting and rich election tradition, with streets and bu ilding facades
in each constituency strewn with banners, posters and plastic ribbons popularising
the symbols and colours of competing
parties. This is no doubt an important part of the spin machine of parties and their
respective leaders as Mauritius follows the logic of political marketing and
advertising.
It ensures an electoral system where fairness and representivity were not forsaken,
especially when it came to ‗correcting the over -representation of the leading party or
alliance‘ In Mauritius, Political representation is ensured through a fully competition
ballot. The age of voting is 18 years and over.
POLITICAL RISK: FAIR ( MODEST)
price checks, which add to price instability.
slowdown and government debt remains high. There was a in a circle of
monetary contraction in mid-2011 in light of inflationary pressures.12
business environment. The World Bank lines Mauritius first among African
nations.
POLITICAL ENVIRONMENT OF MAURITIUS:
It is very difficult for a country to be governed by a franco- Mauritian , mr. Paul
berenger without any support from the majority racial group. As the Mauritian population comprises majorly of ethnic Indians and the mixed race creoles are the
second largest group within the country .
Paul berenger, the previous prime minister of MMM( Mauritian militant movement )
association again with the ex- president.
Thus required the support of Mr. Jugnauth MSM who had set in motion his journey
in politics by violating off from the Mauritian militant movement.
Labour has believed on to its little preponderance and made happen as expected in
attracting the other oppositions MPs to join its ranks. And these was don e when the
other two parties were quiet confident that they could expel the prime minister .
It‘s mostly echo and illumination as said by one long-time overseas observer of
Mauritian politics says in conclusion that as per him Mauritius is quiet firm.
INVESTMENT :
Since many more years Mauritius has laid down double taxation agreements with
more than 30 countries among which india is the notable one and also few African
countries. The taxation is layed down moreover on the offshore industry sectors
which is capable of producing five % of gross domestic product .
The average growth of GDP was found to be four percent during the crisis, and is
likely to reduce further by half a point this year. 13
But the government‘s beliefs distinguish with the increasing uneasiness of the residents who believe that the esteemed economic conditions and social harmony
of the country may be at risk. They feel that the country cannot adapt to the rapidly
Changing conditions.
Due to well developed business of Maldives as well as Seychelles, Mauritius is
facing problem in tourism sector. And the country has been failed to fill up the
vacant beds of hotels. The predominantly drawn rear clients are of Europe. Many
high class hotels are offering schemes, & pressurizing the islands position as a
unique aspiration too.
GOVERNMENT SPENDING
Government spending scale is non-linear, which shows that spending of government
is penalized and is close to zero. On other hand if it exceed 30% of GDP it will
receive worse score in quadratic fashion (example, four times less freedom is
yielded by doubling the spending), so that only really large government spending
--example over 58% of GDP — attains the score of zero. The countries with which Mauritius holds good relations are:
- France
- India
- South Africa
Mauritius being the member of commonwealth has acknowledged Queen Elizabeth II
to be the holder of the crown of the state, unless it had achieved a republic in the
year of 1992.
MAURITIUS - FOREIGN RELATIONS
Mauritius in the hand have good economic collaboration with Britain and also take
pleasure in having a fine relationship with the same country. And thereby is blessed
with noteworthy development and also with the techonological advances.
The second largest source of finance to the Mauritius is India, which has established
a good social as well as good traditional linkage with the country. India has
dedicated a huge share of assistance to cultural ventures, (a library and
language school opened in 1976) institute of Gandhi.14
Indian and the Mauritian political leaders have freshly made an appointment in the home country and they had formed several joint ventures, alliances majorly in fabric
commerce. Thus can be said Other than the conventional, cultural and trade
relations.
-OAU
-UN,
-Commonwealth,
-Nonaligned Movement.
- IMF
-European Development Bank
MAURITIUS POLITICAL MOBILISATION& POLITICAL PARTY
The three major parties that have dominated and are supposed to continue to
dominate the Mauritian political landscape are the Labour Party (LP), the
Mouvement Militant Mauricien (MMM) and the Mouvement Socialiste Militant (MSM;
Bunwaree & Kasenally 2005). A fascinating feature of these parties is that for the
past thirty years or so these parties have all undergone several splits. The splits
have generated new parties, most of them were existed for short-term; other gashes have been compelled by communal/ethnic desires, while still others have basically
become one-person or one-issue parties. Coalitions and association are also
persistent qualities of Mauritian politics, permitting particular parties or groups of
INDUSTRIES IN BRIEF
It can interpreted from above that still few coalitions and corruption is in air within
the nation if the business is to be done in sugar industry. Thus risk aversion scale is
moderate .
Clothing industry remain the principal company, with more than 46,000 workforce,
and create up the next biggest component of GDP with SEVEN % which indicates
that it hold the global business in export of about 50 % of the world.
Most producers are of the neighbourhood. Ten big companies records of
about ninety % of the product manufactured. And for roughly 90 per
cent of production and, significantly, large portion of the products are
ECONOMIC CONDITION OF MAURITIUS AND OVERVIEW OF
FINANCIAL MARKETS
Gross domestic product (GDP) means the value of all final goods and services
produced within a nation in a given year. It is not a measure of personal income. It also
determines the consumption such as cost of materials, supplies and services used for the final
goods and services. A nation's GDP at purchasing power parity (PPP) exchange rates is the
sum value of all goods and services produced in the country Comparing the gross domestic
product of the Indian economy with the Mauritius economy it is approx. 4500 billion dollars
in india which is quite better then Mauritius approx. 19 billion dollars. As the Mauritius is a
small country with a limited population its GDP is less then india.
Literacy includes the percentages for the total population, that is the males and
females. There is no universal definitions of literacy. It means all the ability to read and write
at a certain specified age. Low literacy, and less education , can impede the economic
development of a country in the today‘s rapidly changing, technology-driven world.
Comparing the literacy ratio between the two countries, the Mauritius is far better than india
which is only 74.04% compared to 88.5% of Mauritius. Thus with less population of
The inflation rate furnishes the annual percent change in consumer price compared
with the previous year‘s consumers prices. Comparing the inflation rate of the two countries the inflation rate in Mauritius was 6.5% in 2011 compared to india which was 8.9% in 2011.
There was a great rise in the inflation rate in india in 2010 which is not so good for the
country as price rises of all the goods and services. Thus the inflation rate has to be
maintained to control the price rise.
The GDP real growth rate gives GDP growth on the annual basis which is adjusted for
inflation and expressed as a percent. Comparing the growth rate of the two countries, india‘s real growth rate 7.2% in 2011 and it was 4.1% in 2011 of Mauritius. The growth rate of india
declined in 2011 as it was 10.4% in 2010 and thus the real growth rate of Mauritius is
increasing slowly.
National estimates of the percentage of the population falling below the poverty line
are based on sub-groups through surveys with the results weighted by the number of people in each and every group. Poverty vary considerably from nation to nation. Comparing the
population below poverty line of the two countries it was 10% in 2001 of Mauritius
compared to 25% in 2002 of india which stats that there are about nearly one-fourth of
government has to take enough measures to contol the poverty.
The investment records total business spending on fixed assets, such as machinery,
factories, dwellings, inventories of raw materials equipment which provide the base for the
future production and is a measured gross of the depreciation of the assets. Comparing the
two countries the investment of india was 32.8% in 2011 an it was 24.5% in 2011 of
Mauritius and it has decreased in 2010 compared to 2008 which was 39%. So more measures
should be taken to make more investment.17
nemployment rate means the percent of the labor force that are having no jobs.
Comparing the two countries the unemployment rate of india in 2011 was 9.8% and of
Mauritius it was 7.8%. The unemployment rate of india has decreased of india fron the
revious year and thus measures should be taken such that more and more labor force should
be employed to decrease the unemployment rate. The unemployment rate of Mauritius was
also stable during many years.
Population gives an estimate from the US Bureau of the Census based on statistics
from population census, or sample surveys pertaining to the recent past and on assumptions
about future trends. The total population presents the overall measure of the potential impact
there is a vast difference as the population of india is much more than Mauritius as india
ranks second in the total population of the world. India‘s recent population is approx. 121 crores and that of Mauritius is approx. 13.25 lakhs.
Public debt records the cumulative total of all government borrowings less
repayments that are denominated in a country's own currency. Comparing the two countries
the public debt of india in 2011 was 48.5% which was less than Mauritius which was 57.3%
in 2011.
The exports provide the total US dollar amount of merchandise exports on free on
board basis. Export means the goods and products of one country is being send to different
countries for sale. The export of india in 2011 was 299.4 billion dollars which has much
difference from Mauritius which has only 2.65 billion dollars.
The imports provide the total US dollar amount of merchandise imports on a cost,
insurance, and freight or free on board basis. It means the goods and products of other different countries are brought to our country for sale. The import is also far better of india
than Mauritius. The imports of India in 2011 were 461.4 billion dollars and that of Mauritius
Life expectancy at birth contains the average number of years to be lived by a group
of people born in the current year, if the mortality at each age remains constant in the future.
It includes the total population as well as the male and female components. The Life
expectancy at birth is also a measure of overall quality of life in a country and summarizes
the mortality at all the ages. Comparing the two countries the life expectancy at birth of india
recently is 67.14 years which is less compared to Mauritius which has a life expectancy of
74.71 years.
The death rate means average annual number of deaths during a year per 1,000
population at midyear and is also known as crude death rate. The death rate with only a rough
indicator of the mortality situation in a country, also accurately indicates the current mortality
impact on population growth. It is recently 7.43 in india and 6.73 of Mauritius.
The birth rate means the average annual number of births per 1,000 persons in the population
at midyear during a year and also known as crude birth rate. The birth rate is most dominant 18 factor in determining the rate of population growth. Recently it is 20.6 in india and 13.78 in
Mauritius.
Consumer price index (2005 = 100) in Mauritius was 137.23 as of 2010 and reached a
was 151.91 as of in 2010.
ECONOMY SYSTEM
The economy of mauritius has evolved into a middle-income diversified
economy with the growth in financial sector, industrial sector, and tourist sectors. Put simply,
it's a growing economy and it has shifted from a predominantly agriculture based economy to
an industrial one. The annual growth has been in the order of 5% to 6% from the last many time.
This remarkable achievement has been reflected in more income distribution, lowered infant
mortality, increased life expectancy and a much-improved infrastructure.
The economy had also made reforms in sugar, tourism, textiles ,and in financial services, and
the economy expanding into fish processing, hospitality, information and communications
technology and in property development.
The Investment into banking sector alone has reached over $1 billion. Mauritius, has been
well poised in its strong textile sector to take advantage of the Africa Growth and
Opportunity Act (AGOA).
Also, To face the globalisation and a new economic environment the Government has taken
several steps like. The High value-added, capital intensive and knowledge-based activities are
for the next millennium. The aim of the Mauritius country is to make a centre for high-tech
and software services.Area:2,040 sq. km. (787 sq. mi.); 500 miles in east of Madagascar, in ocean of india.