1 / 7

India

General characteristics. Population size and diversityLargest Old Traditional economy self-sufficiency jajmaniBritish Raj / Permit RajLong history of long distance tradePolitics dominated by CP , BJPDeficiencies of growth religion, language, caste, overpopulation. History and Culture

vinson
Download Presentation

India

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. India New Traditionalist Economy

    2. General characteristics Population – size and diversity Largest Old Traditional economy – self-sufficiency – jajmani British Raj / Permit Raj Long history of long distance trade Politics dominated by CP , BJP Deficiencies of growth – religion, language, caste, overpopulation

    3. History and Culture Origin of religions – Hindu caste system Languages History – prior to British control; British rule since 1757, resistance against railways – Curzon line. Ghandi teachings. Assess impact of British rule – impact of textile exports; protectionism; agriculture feeds population; land tenure; food exports 1875 – 1900. Gains? Railways + education

    4. Post-independence CPE and socialism : CP divided. Nehru 4 reasons. Reconcilable? Indian Planning Commission – 5 Year Plans WW2 Bombay Plan 1943 1951 : License Permit Raj 1st 5YP – Keynesian infrastructure 2nd5YP – capital goods –SOE 3rd 5YP- follow 2nd = high water mark

    5. Planning disrupted 4th 5YP – abandoned – conflict, drought, famine – crisis –longest GDP decline. 5th 5YP – Indira Ghandi – input/output modeling, agriculture. Nationalisation. 6th 5YP – I allocation matrix – Indira out Rajiv in 1984. 7th 5YP – relaxation of market restrictions. Plan holiday 1990 1992 – reforms started. 8 and 9th 4YP – BJP coalition – de-regularise

    6. Reservation System Massive nationalisation 1980s (p.470) 1984 – IG out : JVs authorised Rajiv relax control of computer industry = take-off. Rise in FDI, economic growth, private I replaced SOE investments 1991 Forex crisis – reforms by Rao Debt, inflation, fiscal deficit.

    7. Reforms Identify elements of reform p. 472 WTO demands Z competition allowed – radical ideological reform Fiscal instability remained Irritating restrictions remained Labour markets remain regulated Lack of bankruptcy laws

    8. Remaining Problems Population – conditions of living improved – poverty Demographic prerequisites for growth negative. Regional disparities I in infrastructure and education Improve status of women Hindutva – BJP attempt to balance nationalism and market

More Related