Liberalization, Privatization,  Globalization: An Appraisal<br />
CHAPTER-3<br />
Globalization:-<br />The fact that different culture<br />And economic system around the world are becoming connected and ...
“Globalization is seen as the outcome of<br />Liberalization and privatization “ <br />
“Closer integration of countries and peoples of the world which has been brought about by the enormous reduction of costs ...
IT’S CLEAR FROM THE DEFINITION THAT GLOBALISATION IMPLIES:- <br /><ul><li>CLOSER INTEGRATION OF COUNRTRIES.
FREE FLOW OF GOODS,SERVICES,CAPITAL,KNOWLEDGE &PEOPLE ACROSS NATIONAL BORDERS.
EXTENTION OF MARKETS THROUGH REDUSTION OF COSTS OF TRANSPORTATION &COMMUNICATION</li></li></ul><li>
REPLACED GATT(General <br />Agreement on tariffs trade)<br />By wto.(1995)<br />
TWO TYPES OF OUTSOURCING:-<br /><ul><li>ON SHORE OUTSOURCING
OFF SHORE OUTSOURCING</li></li></ul><li>INDIA’S proficiency in ENGLISH language has made  her a leader in BPO(business pro...
Bpo:-<br />This industry has created several million jobs in recent times . <br />
ECONOMIC REFORMS & HIGH <br />GROWTH RATE OF GDP HAVE NOT <br />BENEFITED AGRICULTURE.<br />
INCREASING PRICES:-<br />WHATDOYOUHAVE FORUS?<br />
Foreign Investment:<br />
Both foreign direct investment(FDI)&foreign portfolio investment(FPI)increased sharply. <br />
<ul><li>FDI:-Offers long term participation of country A (x) country B involves company management join venture , transfer...
FPI:-it’s the entry of funds into a country where foreigners make purchase in the countries stock & bond market.</li></li>...
LIBERALIZATION MEANS  TO MAKE SOMETHING SUCH AS A LAW OR A POLITICAL OR RELIGIOUS SYSTEM LESS STRICT.<br />
DEREGULATION OF INDUSTRIALSECTOR: <br /><ul><li>DELICENSING:THUS LICENCING A FEW.
DERESEVATION:REDUSING RESERVATIONS
AMENDMENT OF MRTP&FERA.
DERESERVATION OF GOODS FOR FEW SECTORS</li></li></ul><li>Tax reforms :-<br />1.Redustion in personal income tax<br />2.Red...
FINANCIAL SECTOR REFORMS:<br /><ul><li>BANK branch licensing liberalized.
New generation private bank came(ICICI,HDFC).
Deposits &lending rate deregulated.
Capital Markets liberalized.
Mutual funds opened to the private sector.
Foreign institutional investors were allowed to invest in Indian capital market.</li></li></ul><li>FOREIGN EXCHANGE RESERV...
<ul><li>NOW INDIA IS THE SIXTH </li></ul>LARGEST FOREIGN EXCHANGE<br />RESERVES IN THE WORLD.<br />
INDIA IS NOW A LEADING EXPORTER OF COMPUTER SOFTWARE,ITES,GEMS&JEWELARIES,TEXTILE ,Ect. <br />
Savings And Investment:<br />
The most important reason for the spurt India’s growth rate in recent times has been the increase in savings&investmentrat...
Higher savings has lead to higher growth &lessinvestment lead to less business!  <br />
Reforms & Agriculture:<br />
The problems in agriculture are mainly due to:<br /><ul><li>Decline in public investment.
Upcoming SlideShare
Loading in …5
×

Chapter 3 economics

1,058
-1

Published on

2 Comments
0 Likes
Statistics
Notes
  • Be the first to like this

No Downloads
Views
Total Views
1,058
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
7
Comments
2
Likes
0
Embeds 0
No embeds

No notes for slide

Chapter 3 economics

  1. 1.
  2. 2. Liberalization, Privatization, Globalization: An Appraisal<br />
  3. 3. CHAPTER-3<br />
  4. 4. Globalization:-<br />The fact that different culture<br />And economic system around the world are becoming connected and similar to each other because of the influence of large MULTI NATIONAL companies and of improved communication. <br />
  5. 5.
  6. 6. “Globalization is seen as the outcome of<br />Liberalization and privatization “ <br />
  7. 7. “Closer integration of countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communication”<br />
  8. 8. IT’S CLEAR FROM THE DEFINITION THAT GLOBALISATION IMPLIES:- <br /><ul><li>CLOSER INTEGRATION OF COUNRTRIES.
  9. 9. FREE FLOW OF GOODS,SERVICES,CAPITAL,KNOWLEDGE &PEOPLE ACROSS NATIONAL BORDERS.
  10. 10. EXTENTION OF MARKETS THROUGH REDUSTION OF COSTS OF TRANSPORTATION &COMMUNICATION</li></li></ul><li>
  11. 11. REPLACED GATT(General <br />Agreement on tariffs trade)<br />By wto.(1995)<br />
  12. 12.
  13. 13.
  14. 14. TWO TYPES OF OUTSOURCING:-<br /><ul><li>ON SHORE OUTSOURCING
  15. 15. OFF SHORE OUTSOURCING</li></li></ul><li>INDIA’S proficiency in ENGLISH language has made her a leader in BPO(business process outsourcing) . <br />
  16. 16. Bpo:-<br />This industry has created several million jobs in recent times . <br />
  17. 17. ECONOMIC REFORMS & HIGH <br />GROWTH RATE OF GDP HAVE NOT <br />BENEFITED AGRICULTURE.<br />
  18. 18. INCREASING PRICES:-<br />WHATDOYOUHAVE FORUS?<br />
  19. 19. Foreign Investment:<br />
  20. 20. Both foreign direct investment(FDI)&foreign portfolio investment(FPI)increased sharply. <br />
  21. 21. <ul><li>FDI:-Offers long term participation of country A (x) country B involves company management join venture , transfer of technology & expertise.
  22. 22. FPI:-it’s the entry of funds into a country where foreigners make purchase in the countries stock & bond market.</li></li></ul><li>LIBERALIZATION<br />
  23. 23. LIBERALIZATION MEANS TO MAKE SOMETHING SUCH AS A LAW OR A POLITICAL OR RELIGIOUS SYSTEM LESS STRICT.<br />
  24. 24. DEREGULATION OF INDUSTRIALSECTOR: <br /><ul><li>DELICENSING:THUS LICENCING A FEW.
  25. 25. DERESEVATION:REDUSING RESERVATIONS
  26. 26. AMENDMENT OF MRTP&FERA.
  27. 27. DERESERVATION OF GOODS FOR FEW SECTORS</li></li></ul><li>Tax reforms :-<br />1.Redustion in personal income tax<br />2.Reduction In corporation tax<br />3.Redustion in exercise duty<br />4.Redustion in customs duty .<br />
  28. 28. FINANCIAL SECTOR REFORMS:<br /><ul><li>BANK branch licensing liberalized.
  29. 29. New generation private bank came(ICICI,HDFC).
  30. 30. Deposits &lending rate deregulated.
  31. 31. Capital Markets liberalized.
  32. 32. Mutual funds opened to the private sector.
  33. 33. Foreign institutional investors were allowed to invest in Indian capital market.</li></li></ul><li>FOREIGN EXCHANGE RESERVES: <br />
  34. 34. <ul><li>NOW INDIA IS THE SIXTH </li></ul>LARGEST FOREIGN EXCHANGE<br />RESERVES IN THE WORLD.<br />
  35. 35.
  36. 36.
  37. 37. INDIA IS NOW A LEADING EXPORTER OF COMPUTER SOFTWARE,ITES,GEMS&JEWELARIES,TEXTILE ,Ect. <br />
  38. 38. Savings And Investment:<br />
  39. 39.
  40. 40. The most important reason for the spurt India’s growth rate in recent times has been the increase in savings&investmentrate.<br />
  41. 41. Higher savings has lead to higher growth &lessinvestment lead to less business! <br />
  42. 42. Reforms & Agriculture:<br />
  43. 43. The problems in agriculture are mainly due to:<br /><ul><li>Decline in public investment.
  44. 44. Reduction in import duties on agricultural products has led to import which hurts domestic producers.
  45. 45. Increase in the prices of agricultural inputs has led to increase in cost of production.
  46. 46. Shift in production from food crops to cash crop.</li></li></ul><li>Privatization:<br />
  47. 47. DISINVESTMENT: It’s one form of privatization .IT IMPLIES SELLING GOVERNMENT INVESTMENT IN PUBLLIC SECTOR UNDERTAKING(PSU).<br />
  48. 48. THE NAVARATNAS:-<br /><ul><li>India oil corporation (IOC).
  49. 49. Hindustan petroleum corporation(HPCL)
  50. 50. Bharat petroleum corporation(BPCL)
  51. 51. Oil &natural gas corporation(ONGC).
  52. 52. Steel Authority of India Ltd(SAIL)
  53. 53. Gas Authority of India Ltd(GAIL).
  54. 54. Mahanagar telephone nigam Ltd(MTNL).
  55. 55. Bharat heavy electrical Ltd(BHEL).
  56. 56. National thermal power corporation(NTPC).</li></li></ul><li>Foreign exchange reforms:<br />
  57. 57. THE SHORTAGE OF FOREIGN <br />EXCHANGE WAS THE MAIN <br />REASON FOR THE CRISIS OF 1991.<br />
  58. 58. CONCLUSION:<br /><ul><li>INDIA’S ECONOMIC REFORMS WERE</li></ul>GAINFULL AS WELL AS PAINFULL.<br />
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×