status of l.p.g. in india
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8/3/2019 Status of L.P.G. in India
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SeminarSeminar
Status of L.P.Gin India
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LiberalizationLiberalization
The 1990s saw the emergence of liberalisation.
Involved the lifting of government controls,
permits, licenses and allowing competition toplay its role in the economy.
Allowing private enterprises, including
Multinational Corporations (MNCs), to operate
in an area hitherto monopolized by the
Government of India.
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Benefits of LiberalizationBenefits of Liberalization
Increase the foreign investment.
Increasing the foreign exchangereserve.
Increase in consumption.
Control over price.
Check on corruption.
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Limitation of liberalizationLimitation of liberalization
Increase in unemployment.
Loss of domestics unit.
Increase dependence on foreign nation.
Unbalance development.
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PrivatizationPrivatization
Its is the process of transferring ofownership of a business, agency or
public service from the government
to the private sectors.
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Advantage of privatizationAdvantage of privatization
Increase in competition.
Increase in responsibility.
Reduction in economic burden of
government.
Increase the industrial growth.
Increase the foreign investment.
Reduction in public sectors.
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Limitation of PrivatizationLimitation of Privatization
Industrial sickness.
Lack of welfare.
Increase in inequality.
Problem in financing.
Increase in unemployment.Ignores the national importance.
Ignores the weaker sections.
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GlobalizationGlobalization
Increasing unification of the world's
economic order through reduction ofsuch barriers to international trade as
tariffs, export fees, and import quotas.
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Merits of globalizationMerits of globalization Discourage restrictive form of governance.
There is an International market for companies and
for consumers there is a wider range of products to
choose from. Increase in flow of investments from developed
countries to developing countries, which can be
used for economic reconstruction.
Greater and faster flow of information betweencountries and greater cultural interaction has
helped to overcome cultural barriers.
Technological development has resulted in reverse
brain drain in developing countries.
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Demerits of globalizationDemerits of globalization
The outsourcing of jobs to developing countries has
resulted in loss of jobs in developed countries.
There is a greater threat of spread of communicable
diseases.There is an underlying threat of multinational
corporations with immense power ruling the globe.
For smaller developing nations at the receiving end, itcould indirectly lead to a subtle form of colonization.
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ConclusionConclusion India gained highly from the LPG model as its GDP
increased to 9.7% in 2007-2008. In respect of market
capitalization, India ranks fourth in the world. But
even after globalization, condition of agriculture hasnot improved. The share of agriculture in the GDP is
only 17%. The number of landless families has
increased and farmers are still committing suicide. But
seeing the positive effects of globalization, it can besaid that very soon India will overcome these hurdles
too and march strongly on its path of development.
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Presented byPresented byShashi Shekhar Basnet
(MBA/10/036)
Prabin Boruah (MBA/10/018)Dhananjay Das (MBA/10/024)
Ganesh Das (MBA/10/025)
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