1 / 9

Do you know …

Do you know …. …who has the eleventh largest economy in the world …a blooming production in software and pharmaceuticals. …A GDP of $1,031 per capita …A population of 1,18 billion. INDIA’S TRANSFORMATION. Economic system 1947-1990?.

zander
Download Presentation

Do you know …

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. Do you know … • …who has the eleventh largest economy in the world • …a blooming production in software and pharmaceuticals. • …A GDP of $1,031 per capita • …A population of 1,18 billion.

  2. INDIA’S TRANSFORMATION

  3. Economic system 1947-1990? • After the independence 1947 India became a mixed economy ; - state-owned enterprises, • centralized planning • subsidies. • After 1991 India was moving towards a more open and privatized economy.

  4. The effect of privatization. • Reform program in 1991 due to the low progress of development. -the industrial licensing system was dismantled -several areas previous closed for the private sector were opened

  5. Investment from foreign enterprises was welcomed - Tariff on imports: 400 percent to 65 percent - Top income tax rate was reduce - Corporate tax: 1994: 46 percent 1997:35 percent

  6. After privatization, deregulation, and the removal of barriers to foreign direct investment ……. • Economy • 1994-2004: • expanded at an annual rate of about 6.3 percent • 2005-2009: • 12.9 percent per annum • Foreign investment • 1991: $150 million • 2009: $34.6 billion

  7. -the technological and pharmaceutical sector have been especially outstanding among sectors -emerged as a vibrant global centre for software development • Sales in 1990: $150 million • Sales in 2007: $ 50 billion

  8. Why has Indiabecome the leader in the technological and the pharmaceuticalsector? • Topcorporationsoutsourcetheirproduction to India. • Approval was made automatic for foreign equity stakes,and even 100 % of foreign ownership was allowed in certain circumstances. • Raw materials and industrial goods could be freely imported.

  9. THANK YOU FOR YOUR ATTENTION!

More Related