Your SlideShare is downloading. ×
0
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
License Permit Raj - Unitedworld School of Business
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

License Permit Raj - Unitedworld School of Business

364

Published on

Published in: Education, Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
364
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. THE LICENCE-PERMITRAJ1947 - 1990
  • 2.  A term used to describe regulation of the private sector inIndia between 1947 and the early 1990s. One needed the approval of numerous agencies in orderto set up a business legally. Result of a mixed economy that used a govt. planningcommission established after independence. The license raj was largely successful in the 1950s andafter, but eventually lead to low rates of growth andinvestment. India began to liberalize its economy in the 1980s endingthe license raj.
  • 3. Scenario Political relations played as aneffective factor in expansion More Expansion in abroad ascompared to India Growing governmental intervention inthe economy
  • 4. Low enterprise creation New enterprises founded duringLicense-Permit Raj Much fewer enterprise were launchedthan Nehru era. Example- Nirma Group, HindujaBrothers
  • 5. Structural-Strategic Postures Lack of significant development instructure and strategy Business leaders were depended moreon intuition and gut feeling thanknowledge based understanding of thesituation Invested more in foreign collaborationthan R&D and quality
  • 6. The FERA, 1973 Intended to restrict the inflow of foreign capital intothe country MNCs were required to dilute their holdings to 40%in their Indian subsidiaries
  • 7. Public sector Huge increase in PSU than Nehru era. Further expansion in acquiring private firms. Lack of requisite autonomy and constantinterference by the Ministries. Limited success. Creating employment opportunities for thesectors neglected by private firms. Leads to losing the elan of License-Permit raj.
  • 8. Video The License-Permit Raj
  • 9. Thank you

×