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Economic development of India after liberalisation. Dr.C.Pratheep Mulamana V & HSS, Anakudy. India: 1947 to 2012. India has achieved growth in various sectors. Economic development since 1950. Growth rate in India. Chart.
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Economic development of India after liberalisation Dr.C.Pratheep Mulamana V & HSS, Anakudy
India: 1947 to 2012 India has achieved growth in various sectors
Growth rate in India • Chart
Population, GDP, and GDP per capita at market prices, selected years
Contributions to growth (in annual percentage rate of change)
Growth performance of the manufacturing sector • Growth performance has two dimensions: (i) rate of growth of the industrial and manufacturing sectors; and (ii) rate of growth of employment • Three sources of data: (i) Index of Industrial Production; (ii) National Accounts Statistics; and (iii) Annual Survey of Industry
Rate of growth of the industrial and manufacturing sectors • Much of the discussion on growth performance is on the basis of Index of Industrial Production (IIP) • The IIP has three base years: 1980-81 (1980-81 through 1993-94); 1993-94 (1993-94 through 2004-05) and 2004-05(2004-05 through 2011-12). • We could then splice the three separate series into one with the base year 2004-05.
Rate of growth of industrial and manufacturing sectors over the period, 1980-8 1 through 2011-12
Industry-wide growth performance of the Manufacturing Sector (average annual growth rates per annum)
Foreign Direct Investment • Inward and Outward FDI • Definitional issues • Changes in Government Policies • Magnitude of inward and outward FDI inflows • Country wide and industry-wide distribution • Effect of inward FDI: (i) Overall economic growth; (ii) exports from India; (iii) non-debt creating way of financing BoP; (iv) technology spillovers
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