80 likes | 265 Views
Opportunities & Challenges of India in an Emerging Globalising Economy. A Presentation by Mr S N Menon, IAS (Retd.) Former Secretary, Ministry of Commerce and Industry, Government of India. Morning’s inaugural session and background papers
E N D
Opportunities & Challenges of India in an Emerging Globalising Economy A Presentation by Mr S N Menon, IAS (Retd.) Former Secretary, Ministry of Commerce and Industry, Government of India
Morning’s inaugural session and background papers • Hon’ble Prime Ministers Dr Manmohan Singh’s speech of 2007 • High levels of India’s GDP growth, fuelled by growth in services • Mc Kinsey’s report of 2005 on the Indian Economy • Structural changes that are transforming the industrial sector from a command and control structure to a liberal and compettitive economy. • Need to build a wider social and political consensus around the ideas of change and modernisation • WTO, CECA, RTAs, BTAs and PTAs • India’s foreign trade (manufactured goods and services) -Announcement of Foreign Trade Policy 2004 – 2009
(P) Provisional Data. Complied by Economic Division, Department of Commerce based on DGCI&S, data Source: DGCI&S, Kolkata
Source: RBI Bulletin Credit = Exports and Debit = Import.
Foreign Direct Investments (Up date up to May 2002) I.FDI EQUITY INFLOWS A. CUMULATIVE FDI EQUITY INFLOWS (equity capital components only): Note : FDI inflows include amount received on account of advances pending for issue of shares for the years 1999 to 2004. B. FDI EQUITY INFLOWS DURING FINANCIAL YEAR 2007-2008:
C. FDI EQUITY INFLOWS DURING FINANCIAL YEAR 2006-2007: D. FDI EQUITY INFLOWS DURING CALENDAR YEAR 2007
For a HIGH – EQUITY – LOW – DEBT future • Transformation of the socio – political economy • Role of SMEs • Conclusion