ANGLO SANSKRIT COLLEGE, KHANNA

SEMINAR ON “INDIAN ECONOMIC GROWTH”

SUBMITTED TO:PROF.DINESH TANDON

SUBMITTED BY:JYOTI, MEGHA, ARSH,

ARSHIYA(PRESENTER)

(CHAIRPERSON)(REPORTIER)

SYNOPSIS Meaning of Economy and GrowthOverviewHistory

Colonial periodPre-liberalisation periodPost liberalisation period

SectorsAgricultureIndustryservices

SYNOPSISEconomic Trends & Issues

CurrencyEmploymentCorruption

InfrastructureEducation

Conclusion

What is Economy?An Economy refers to a way in which

resources, especially those in shortage , are managed in a competent and appropriate

manner.

What is Growth?Growth refers to a positive change in size, often over

a period of time. Growth can occur as a stage of maturation or a process toward fullness or

fulfillment.

Indian Economic Growth

Pre-IndependencePost-Independence

OVERVIEW

HISTORY

Colonial Period(upto 1850-1947)India in the colonial period had a stable economy.

1.Fall of the rupee 2.Absence of Industrialisation

3.The depression 4.Railways

5.Economic impact of british imperialism

PRE-LIBERALISATION(1947-1991)1. Stagnation of Indian agriculture2. Decay of handicrafts3. Bleak Growth of modern industry4. Foreign trade 5. Demographic transition6. Infrastructure

POST-LIBERALISATION(Since 1991)

1. New Economic Policy (LPG)2. Economic Reforms Industrial sector reforms Financial sector reforms Fiscal reforms External sector reforms

SECTORS1.Agriculture

Land revenue system under British raj Reforms in Indian agriculture

• Technical reforms• Institutional reforms•General reforms

Green Revolution(insecticides and pesticides)

2.INDUSTRYPetroleum products and chemicalsPharmaceuticalsEngineeringGems and jeweleryTextileMining

3.SERVICES•BANKING•INSURANCE•RETAILING

ECONOMIC TRENDS:CURRENC

YEMPERORPERIOD

BRITISHPERIOD

AFTER 1947

DURING 1957 RECENT PERIOD

EMPLOYMENTSELF-EMPLOYED HIRED WORKER

CASUAL WORKERSREGULAR WORKERS

Rate of Participatio

nRate of participation in

urban sectorAbout 40%

(for men-53% , for women-43%)

Rate of participation in rural sectorAbout 45%

(for men-54%, for women-17%)

CORRUPTIONMoney and corruption are ruining the land, crooked politicians betray the working man, pocketing the profits and treating us like sheep, and we're tired of hearing promises that we know they'll never keep.

How India Get Corrupted?

Red tapismBriberyExtortionBLACKMAILEMBEZZLEMENT

Degree of corruption =monopoly+discretion-

transparency-morality

INFRASTRUCTUREINFRASTRUCTURE PLAYS A VITAL ROLE IN

DEVELPOMENT OF INDIA.1. Impacts productivity2. Induces investment3. Generates linkage in production4. Enhance size of the market5. FDI

EDUCATIONThe growth of the economy

and development of a country is depending upon the education system of

that particular country.

Under developed Developed Developing

STATISTICSGDP=$2.047TRILLION (Oct 2014)GDP Rank= 10th(nominal)GDP Growth= 11.5%(2014-2015)Labour Force=487.3million(2013)Unemployment= 3%(urban), 2%(rural)Inflation=7.11%(2015)

India is not, as people keep calling it, an underdeveloped country, but rather, in the context of its history and cultural heritage, a highly developed one in an advanced state of decay.”

CONCLUSIONYESTERDAYSLOW RATE OF GROWTHBUREAUCRATICPROTECTED & SLOWSMALL CONSUMER MARKETSUNDERDEVELOPED INFRASTRUCTURE

TODAYGROWING

WORLD ECONOMYREASONABLY

PROACTIVEINVESTMENTPROMISING

MARKET

HOUSE IS OPEN FOR QUERIES

GOOD BYE !!!!!

Thank you !