National Economic Planning
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National Economic Planning

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National Economic Planning National Economic Planning Presentation Transcript

  • India’s economic potential is NOT overstated/overrated
    Neha Pathak
    Sai Pooja Amar
    Ankita Tiwari
    Akthar Raza
    Sai Krishna Chaitanya Potharaju
    HG Arthur Denzlin
    Afzal Hussain
  • “India will become the third largest economy in the world after China and the United States of America by 2025” Graeme Wheeler, Managing Director World Bank
    “India is poised to emerge as the third largest economy in the world after US and China by 2025.” NareshwarDayal, Indian High Commissioner to Britain
  • Agenda
    Forecast HG Arthur Denzlin
    RBI’s Efficiency, Budget and Entrepreneurship Ankitha Tiwari
    Agricultural, Industrial & Service sectors Saikrishna Chaitanya
    FDI and Retail Attractiveness Akthar Raza
    Macro Economic variables Neha Pathak
    HDI and Human Resource Saipooja Amar
    10 areas where reforms are needed Afzal Hussain
  • BRIC Report
    By 2025 the Indian economy is projected to be about 60 per cent the size of the US economy. The transformation into a tri-polar economy will be complete by 2035, with the Indian economy only a little smaller than the US economy but larger than that of Western Europe.
  • Tri Polar Economy
  • Forecast
    Source: Goldman Sachs report
  • If this is overstated, then see this??Growth rate of GDP of 6.9%
  • INDIA’S EFFICIENT RBI
    During the recession times , RBI came up with effective monetary polices.
    Ensured appropriate liquidity in the system, consistent with objective of price and financial stability.
  • BUDGET 2010-2011
    Increased the tax base and DTC leading to relief for the middle and the salaried class.
    ‘A coin gains more value as it changes ownership’.
    Government committed to growth of SEZs.
    Four-pronged strategy for growth of agricultural sector.
    Emphasis on infrastructure pumping and withdrawal of subsidies.
    Given scope to private business . Private banking, mining, small industries are in scope.
  • Entrepreneurship
    Source: World Development Report, 2005 (World Bank)
  • Entrepreneurship helps Economy…
    Generate Employment
    Revenues for the Government
    Inclusive Growth
    New Technology
    Development of the society
    Gives higher purchasing power to the people of the country
  • Share of GDP
  • Sector 2009
    GDP breakdown
    Agriculture 17.5%
    Services 62.6%
    Industry 19.9%
    Labor breakdown
    Agriculture 52%
    Service 34%
    Industrial 14%
  • Agricultural sector
    Agriculture is generally described as the backbone of Indian economy and is at the core of socio economic development of the country
    The agricultural sector contributes proportionally more to poverty reduction than growth in any other economic sector and that therefore alone, the focus should be on the agricultural sector
  • Growtrh rate
  • Reasons for the growth of Services and Manufacturing sector
    India opens up
    The rise of the financial sector
    Back-office to the world
    The Golden Quadrilateral
    The great migration
  • Attracting FDI
    “India has the highest returns on foreign investment” US Department of Commerce
    India 19.3%
    China 14.7%
    Thailand 13.0%
    “India is amongst the three most attractive FDI investments in the world.” AT Kearney FDI Confidence Index 2010
  • Retail Attractiveness
    India has been ranked 1st by AT Kearney in a Global Retail Development Index of 30 developing countries and is seen as a potential gold mine.
  • 2009 A.T. Keareny Global Retail Development Index
  • Per capita income
  • Literacy Rate in India
  • Percentage of people under poverty line
  • By 2014-15, over 63 million households are expected to have an annual income of over US$ 6,000 per annum (US$ 30,000 in PPP* terms)
  • Unemployement in India
  • India in terms of HDI
    The HDI for India is 0.612, which gives the country a rank of 134th out of 182 countries
    Life expectancy at birth: 63.4years and ranked 128th
    Adult literacy rate: 66% and ranked 120th
    Combined gross enrolment ratio: 64% and ranked 134th
    GDP per capita(PPP): US$2753 and ranked 128th
  • HDI cont…
    There are 5,886.9 thousand migrants which represent 0.5% of the total population.
    Remittances are sent to immediate family members who have stayed behind, are among the most direct benefits from migration, the benefits spread broadly into local economies as they also serve as foreign exchange earnings for the origin countries of migrants.
    India topped in the inflow of remittances with US$ 35262millions of the total US$ 370billions.
  • With over 380 universities, 11,200 colleges and 1,500 research institutions, India has the second largest pool of scientists and engineers in the world. Over 2.5 million graduates are added to the workforce every year, including 300,000 engineers and 150,000 IT professionals.
  • 10 areas where reform is needed
    Improve governance
    Raise educational achievement
    Increase quality and quantity of universities
    Control inflation
    Introduce a credible fiscal policy
    Liberalise financial markets
    Increase trade with neighbours
    Increase agricultural productivity
    Improve infrastructure
    Improve Environmental Quality
  • Thank You
    ?? QUESTIONS ??