world economy today visa vis indian position by rajorsi panja
TRANSCRIPT
A PRESENTATION ON
“WORLD ECONOMY TODAY VISA-VIS INDIAN POSITION”
THE UNIVERSITY OF BURDWAN
DEPARTMENT OF BUSINESS ADMINISTRATION
MBA
MEANING OF GLOBALISATION
A Process of deepening economics integration, increasing economic openness and growing economic interdependence between countries in the world economy.
From a economic point of view, globalisation happens through three channels: (i) Trade in goods and services(ii) Movement of capital and (iii) Flow of finance(iv)LP i.e liberalisation, privation,
STEPS TOWARDS GLOBALISATION
*Exchange Rate Adjustment and Rupee Convertibility-The Government of India *making two –step downward adjustment of 18-19 per cent in exchange rate of the rupee on July 1 and 3,1991.*Important Liberalisation-The peak import duty on non-agriculture goods is now only 10 per cent.Opening up to Foreign Capital-(i) Retail Trading (ii) Atomic energy(iii) lotttery business and(iv) Gambling and betting
GLOBALISATION IN INDIA
*Globalisation in India is generally taken to mean ‘integrating’ the economy of the country with the world economy. *The real trust to the globalisation process was provided by the new economic policy introduced by the Government of India in July 1991 at the behest of the IMF and the world Bank. *The introduction of new industrial policy*Allowing foreign investment and foreign direct investment
Progression after globalisation• The big story of the last decade for India has been
its arrival on the global leading situation• The Indian economy had broken free of the low-
growth trap from the low level equilibrium trap• Early 1980s. By the mid-1990s, following the
economic reforms of 1991-3, India from the first years of the globalization.
• First decade of the 21st century there was no looking back. India’s exports began to climb, its foreign exchange reserves, which for decades had hovered around 5 billion dollars, rose exponentially after the economic reforms since 1991.
• In 2009, the Group of 20 (G-20) India was a significant member of this global policy group.
GROWTH RATE OF GDP AFTER GLOBALISATION(INDIA)
• The globalization of India has given rise tonew opportunities but it has also brought with it new challenges and responsibilities.Growth of the GDP (%) • India economy
2010 9.9Q1 9.4Q2 8.8Q3 8.9Q4 8.32011 7.4
Q1 7.8Q2 7.7Q3 6.9Q4 6.12012 (P)
7.0
INDIA POSITION IN WORLD ECONOMY COMPARE TO OTHER ECONOMY
GROWTH IN GDP(%)
STANDARD DEVIATION OF GLOBAL PERCAPITA INCOME IN DIFFERENT YEAR
INDIAN SHARE IN GDP(ACCORDING TO PURCHASING POWER PARITY)
GLOBALISATION IN INDIA
*Globalisation in India is generally taken to mean ‘integrating’ the economy of the country with the world economy. *The real trust to the globalisation process was provided by the new economic policy introduced by the Government of India in July 1991 at the behest of the IMF and the world Bank. *The introduction of new industrial policy*Allowing foreign investment and foreign direct investment
EFFECTS OF GLOBALISATION IN INDIAN ECONOMYThe process of Globalisation in India has led to an ‘unequal competition’—a competition between ‘giant MNCs’ and ‘dwarf Indian enterprises’. (i)The indian enterprise suffer from ‘size disadvantages’ as they are just minuscules as compared to the MNCs(ii)The indian corporate sector for four decades prior to 1991 operated in a protectionist environment(iii)The cost of capital for indian business is much higher than MNCs.
INDIAN ECONOMY ------ ITS DEVELOPMENT EXPERIENCE BY S.K. MISRA & V.K.PURI SILVER JUBILEE EDITION:2007
Organization for Economic Cooperation and Development (OECD)Principal Global Indication and IMF WEOEconomic Survey 2012IMF WEO Database
Data Source
BIBLIOGRAPHY Reference Books
Website References www.slideshare.com Search Date: 19.04.2014
www.wikipedia.com Search Date- 20.04.2014
www.elseviewer.com Search Date- 20.04.2014
