In India, the economy has emerged with remarkable rapidity IURP WKH VORZGRZQ FDXVHG E\ WKH JOREDO ÀQDQFLDO FULVLV *URZWK in 2010-11 as per the Advance Estimates released in January 2011 is estimated at 8.6%. Rebound in agriculture and continued momentum in manufacturing, despite the deceleration in services, helped to drive the economy. The slight slowdown in industrial 2…
According to National Portal of India, based on Purchase Power Parity (PPP) India has the fourth largest economy of the world. Today India is an attractive country for investment and business opportunities because of a huge manpower base, natural resources and macro-economic fundamentals. Since 1991 some economic reforms have been occurred in this country, which as result, have been providing friendlier environment for investors through a liberalized policy framework spanning the whole economy.…
India is a complex nation with a rich history and years of diversity. With the rise of the global economy over the last century, it is safe to say that the country has become a major multi-national player. Although outsourcing to India has been a trend since the early 90’s, the country also has a growing local economy that is primed for investment should the right opportunity arise. However, not just any company can invest in or partner with India. Because India is rich in tradition and very slow to change its views, it will take a savvy, experienced investor with a team of managers willing to take on the task of creating a successful partnership with a country whose past has been riveted with corruption and a caste system that tends to hold its citizens back from improvement. A Multi National Corporation (MNC), with the right resources, will be able to benefit from the positive attributes of the developing country while at the same time contributing to the reduction of poverty and improved lifestyle of local citizens.…
India has undergone a large process of economic reforms aiming at liberalization and attracting investments. That process, which began already in the early 1990s, continues to have an important impact on the whole economy,…
The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway…
To realize the potential of this human capital, the government has launched several initiatives aimed at improving education, retraining rural workers for skilled jobs in other sectors, providing bank accounts to all Indians to teach personal financial planning, offering free life insurance, encouraging the wider use of computers and the Internet, and generally modernizing the workforce for the big jobs boom coming up in the fast-growing healthcare, information technology, telecom, and retail sectors.…
Links: 15. Shri M. Ravindranath, Joint Adviser (E&F), Room No. 301, Yojana Bhavan ( Tel No. 23096536) will be the Nodal Officer for this Working Group for all further communications.…
First Five Year Plan was implemented in Soviet Union in 1920 by Joseph Stalin. Since 1947, Indian Economy is being run with the help of Five Year Plans which has been made, developed, implemented, executed and monitored by Planning Commission. Ahluwalia was the last deputy chairman of the commission who resigned on 26 May 2014. In 2012 Year 11th Plan completed its term and now at present 12th plan is underway.…
India has re-emerged as one of the fastest growing economies in the world. India’s growth, particularly in manufacturing and services, has boosted the sentiments, both within country and abroad. With an upsurge in investment and robust macroeconomic fundamentals, the future outlook for India is distinctly upbeat. According to many commentators, India could unleash its full potentials, provided it improves the infrastructure facilities, which are at present not sufficient to meet the growing demand…
development in India to meet the needs of India’s future economic growth and development. There…
2. Implementation Manual for Centrally Sponsored Scheme: ‘Enhancing Skill Development Infrastructure in NE States and Sikkim’, Directorate General of Employment and Training, Ministry of Labour & Employment, Government of India, February 2011. Retrieved on May 2, 2013.…
The development plans are drawn by the Planning Commission to establish India 's economy on a socialistic pattern in successive phases of five year Periods-called the Five Year Plans. The organisation was set up to formulate basic economic policies, draft plans and watch its progress and implementation. It consists of:…
The Economy How the stock market works The foreign exchange rate, liquidity, basic economic theory Economic reforms in India How banking works; common banking terms Know how the stock market works – bonds, investment, etc. The global economic scenario Derivatives trading Scandals such as Enron, Worldcomm, Arthur Andersen and the Sarbanes-Oxley Act. The role of technology in business The pros and cons of globalization Emerging communication technologies Foreign exchange rates, convertibility, currencies and per capita incomes Political events, opinions and situations India’s case for a permanent seat on the security council of UN The present situation in Middle Eastern countries such as Iraq, Palestine and Lebanon The India-US Nuclear deal – is it beneficial or not? The Sri Lankan Peace Process Basic structure of government systems Current politics of India Basic political theory and ideologies such as capitalism (Adam Smith), communism (Marx), socialism, democracy, egalitarianism, libertarianism, etc. Principles of political theories, pros and cons of each ideology, how the most important governments function Currencies and per capita incomes India’s 5-Year Plans The Indian space programme Debatable topics – issues concerning: Advertising – fairness, company responsibility, unbiased information Technology – the replacement of human workers, management, the telecommunications sector, its role in the economy, problems with technology Social issues – education, taxation, social programs, income distribution Gender issues in society and in the workplace The emancipation of women Language issues in society and in the workplace The effects of globalization and trade on the world and in India Problems which plague developing nations The “brain drain”…
After independence the newly emerged Indian State was characterized by the dominant role in all the spheres of society. It was a welfare state whose objective was to secure political, social and economic justice to all the sections of Indian population. The Westminister model of parliamentary democracy with universal adult franchise was adopted. In social field, various evils in the society were sought to be eradicated by the State. Untouchability was abolished and social reforms were undertaken. In the economic sphere, the state not only regulated the market, it also emerged as the major employer providing employment opportunities to the people. India adopted the policy of mixed economy/a powerful public sector was created. For Nehru, the public sector undertakings were the temples of modern India. Their objective was to assist in the rapid economic growth and industrialisation of the country. Over the years their number and investments have grown in size and quantity. While in 1951, there were five central public sector undertakings (PSUs) with an investment of Rs 29 crores, now there are as many as 243 enterprises with a total investment of Rs 1,78,628 crores. The private sector was also to play an important role in the mixed economy. However it was highly regulated and controlled economy as far as the private sector was concerned. Rightly it was called the licence-quota permit Raj. However the collapse of socialist political and economic system in earstwhile Soviet Union and other socialist states led to the emergence of a global economy which meant introducing competitive markets, liberalising foreign trade and opening up the economy for foreign investment. According to Marina Pinto "Liberalisation is the policy of removal of restrictions, trade barriers and protectionist measures to enable the free flow of capital, technology and services. It is generally seen in the context of globalization and privatization." In eighties…
Foreword In the rush to produce urgent policy documents and briefing notes that any government has to do, it is easy to let matters that may not be quite as urgent to go unattended. However, the not-so-urgent often includes matters of great importance for the long-run well-being of the nation and its citizenry. Research papers on topics of strategic economic policy fall in this category. The Economic Division in the Department of Economic Affairs, Ministry of Finance, has initiated this Working Paper series to make available to the Indian policymaker, as well as the academic and research community interested in the Indian economy, papers that are based on research done in the Ministry of Finance and address matters that may or may not be of immediate concern but address topics of importance for India’s sustained and inclusive development. It is hoped that this series will serve as a forum that gives shape to new ideas and provides space to discuss, debate and disseminate them.…